Reaching Net Zero with Renewable Fuels
Rarely do we see a technology so disruptive that it completely changes a well-established way of conducting business. It’s even rarer in established industries like the energy sector, which has been heavily rooted in traditional oil and gas technology since the late 70s.
Today, NanosTech’s nanocatalyst technology is actively changing how energy is extracted and used, paving the way for Canada - and the world - to reach its net-zero goals.
Our innovative approach enabled NanosTech to win Inventures’ 2021 Net-Zero Emissions Energy pitch competition by demonstrating how our nanocatalyst technology can transform waste products into renewable fuel and synthetic biocrude.
In the video pitch, NanosTech’s Executive Vice President Andrew McGovern can be seen next to a fiery blue 1965 Shelby Cobra, a revolutionary car for its time that serves as the perfect metaphor for what NanosTech can accomplish. The even more impressive part is that this particular model runs on our renewable fuel product, which produces 80% fewer emissions than standard fuel vehicles.
To create this fuel, NanosTech uses a proprietary reactor and catalytic upgrading process to convert renewable feedstocks (such as agricultural, forestry, and municipal wastes) into a renewable synthetic biocrude that can be co-processed at traditional refineries. We can also use these feedstocks to generate a fully refined renewable fuel that works with any internal combustion engine.
Further setting NanosTech apart from other players in this space: the minimal amount of capital investment required to see the process through to completion.
“We take a scaled-down modular approach,” explains McGovern, “where we collocate our facilities close to the feedstock. This enables us to very significantly reduce our capital costs.”
This strategy enables NanosTech to address a critical growing pain of many of our predecessors in this space, which was the unsustainable cost of renewable fuels due to niche and costly manufacturing methods. NanosTech’s overall process isn’t energy-intensive and provides a low-cost renewable fuel that can feasibly replace traditional fossil fuels.
With support from a UK partner, NanosTech plans to conduct field demonstrations of our technology in South America over the next year, and we anticipate having operations fully commercialized by 2023.
McGovern acknowledges that none of this success would be possible without NanoTech’s impeccable team of engineers, research scientists and senior leadership. “We have the team, the vision, the technology and the execution plan to succeed,” McGovern exclaims, effectively completing the narrative on why now is the perfect time to invest not only in NanosTech but in the future of clean energy.”
Want to learn more about NanosTech’s clean energy technologies? Contact us today!
