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News Story Source: New Atlas
BMW i Ventures, BMW's hybrid venture firm, announced today it is investing in Prometheus Fuels. The Silicon Valley startup is working on technologies for pulling CO2 out of the atmosphere and processing it into carbon-neutral gasoline. The investment will help the company as it prepares for retail launch as early as late 2020.
Launched in 2019 by Rob McGinnis, a Yale Engineering PhD and startup veteran, Prometheus Fuels is refining processes and technologies for capturing CO2 from the air and processing it into gasoline, diesel and jet fuels that work with existing vehicles. According to the company, its processes are carbon neutral, 100 percent powered by solar and wind energy. Using its proprietary capture, fuel synthesis and fuel separation technologies, the company says it's able to create fuel that is molecularly identical to oil-based gasoline.
Given its beginnings as captured CO2, Prometheus' fuel does not add any net CO2 to the atmosphere from tailpipe emissio
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