MOSCOW TIME: 10.07.2020 16:05:12

Companies + Local News

US investors to produce fuel from air in Moscow Region

US investors to produce fuel from air in Moscow Region

An American investor has expressed a wish to erect a complex capable of producing synthetic fuel from industrial carbon dioxide wastes in the metropolitan area



US investors to produce fuel from air in Moscow Region


An American investor has expressed a wish to erect a complex capable of producing synthetic fuel from industrial carbon dioxide wastes in the metropolitan area.


Fuelcor is ready to invest some $750 mln in the project. It should be noted that there have been no requests or proposals on the part of the investor addressed to the Government of the Moscow Region seeking participation in the co-financing of the project.


Fuelcor International proposes to introduce a technology capable of utilizing CO2 discharged by the enterprise to the atmosphere and produce synthetic fuel based on it. To process and convert CO2 into energy carrier, the facility needs special equipment that will be supplied by the American party. The product resulting from primary chemical processes will then be sent to an oil refinery where the synthetic fuel will be converted into gasoline, diesel oil or jet fuel.


The project has already been approved by Moscow Region Development Corporation. It is going to create more than a hundred of new jobs and output five hundred thousand barrels of synthetic fuel annually. Apart from economic benefits, the project will doubtlessly improve environmental situation in the Moscow Region as about 1.5 million tonnes of decontaminated oxygen will get into the atmosphere annually.


Fuelcor International holds patented technology enabling the conversion of CO2 into liquid synthetic fuel. The company's representatives are ready to cooperate with oil refineries, metallurgic enterprises and TPPs.



Share this:

Share this Share this Share this

NEWS


04.12.2019 TVEL completes the contract for supply of fuel pellets to India for Tarapur NPP

TVEL JSC has shipped to India the final consignment of uranium  fuel pellets for BWR reactors and thereby fulfilled the relevant contract with the Department of Atomic En...

26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russias trade turnover with African states up 17% in 2018

Russias trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

EVENTS


16.09.2020 Mining and Metals Central Asia 2020

Mining and Metals Central Asia is a professional platform to demonstrate achievements of Kazakhstani and foreign manufacturers of equipment, services, and developments in the field...

16.09.2020 Kazcomak 2020

Kazakhstan International Road and Heavy construction, Communal machinery exhibition

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners