Vivid technology company (ASX:VIV) has announced that NewCO2Fuels has signed an agreement with Sinopec Engineering company to commercialise Co2 to fuel technology in China.
It will provide engineering for pilot plants and support for commercial sales.
NewCO2Fuels is an Israeli start-up technology company which has support from Greenearth Energy Ltd.
NCF’s technology looks to tackle the crippling carbon dioxide pollution levels impacting China today.
The commercial terms of the agreement are confidential but work will now commence on the key performance milestones and establish the pilot plant in China. Vivid technology maintains a passive investment in NCF.
Shares in Vivid technology company (ASX:VIV) are up 13.33% to 7c.