NGV

Company Overview

Snapshot

Founded in October 2023 by Arie Sussely, Tomy Hos, and Prof. Moti Herskowitz, NGV operates with 1–10 employees. The company has raised $2.4 million across one funding round from Ralco Energy. NGV is developing a catalytic process to convert waste streams into sustainable aviation fuel, a critical innovation for decarbonizing the aviation industry.

Business overview

NGV is developing a catalytic process to convert carbon-rich waste streams, including carbon dioxide, municipal solid waste, and biomass, into sustainable aviation fuel (SAF) and other renewable hydrocarbons. The company's core technology integrates direct gas-phase conversion, eliminating the need for intermediate upgrading steps to enable simpler and more cost-efficient production. NGV serves the aviation industry and operates within the Automotive & Mobility Technologies, Energy Tech, and Climate Tech sectors, focusing on eco-efficient mobility optimization and alternative fuels.

Strategic signal

In February 2024, NGV announced its venture to produce novel sustainable aviation fuel from waste, signaling a significant step towards commercializing its catalytic conversion technology. This development is crucial for the aviation industry's decarbonization efforts, as it offers a more cost-efficient and energy-efficient method for SAF production, potentially accelerating the adoption of sustainable alternatives and reducing CO2 emissions by over 90% across the fuel's life cycle.

Company Intelligence Q&A

When was NGV founded?

NGV was founded in October 2023 by Arie Sussely, Tomy Hos, and Prof. Moti Herskowitz.

What is NGV's primary focus?

NGV's primary focus is the development of a catalytic process that converts carbon-rich waste streams into sustainable aviation fuel (SAF) and other renewable hydrocarbons.

What is the total capital raised by NGV?

NGV has raised a total of $2.4 million across one funding round.

What is NGV's approach to sustainable aviation fuel production?

NGV utilizes synthesis gas derived from waste or CO₂ and converts it through a novel catalytic process, eliminating costly operational units and achieving high energy and carbon efficiency, resulting in over 90% reduction in CO₂ emissions.

What was a key development for NGV in early 2024?

In February 2024, NGV announced its venture to produce novel sustainable aviation fuel from waste, highlighting its innovative approach to green jet fuel production.