Joule's CO2-Recycled Ethanol Meets U.S. and European Specifications

HERNDON, VA--(Marketwired - May 11, 2015) -   

• Test results will be used to obtain government approvals
• Recycled CO2 fuel technology reduces greenhouse emissions and is cost-competitive
• Audi and Joule partnered in 2011 to develop CO2-neutral fuel

Joule, the pioneer of liquid fuels from recycled CO2, today announced the successful results from third-party testing of its ethanol fuel, setting the stage to obtain certification for commercial use. Initiated by Audi, Joule's strategic partner in the automotive space, the test results confirm that Joule's ethanol meets the following standards in the U.S. and Europe, respectively:

• American Society for Testing and Materials (ASTM) D4806 - Denatured fuel ethanol for blending with gasolines for use as automotive spark-ignition engine fuel
• German Institute for Standardization (DIN) EN 15376 - Ethanol as a blending component for petrol

Joule has initiated efforts to use these results to obtain the government approvals needed for commercialization of its ethanol fuel.

"We are pleased to achieve another critical step towards our planned near-term delivery of fuel-grade ethanol from recycled CO2," said Serge Tchuruk, President and CEO of Joule. "Using waste CO2 as a feedstock, our technology has the two-fold advantage of reducing greenhouse gas emissions and producing cost-competitive, drop-in fuels. This means we have a unique opportunity to offer a solution to CO2 emitters and to fuel users, directly supporting a low carbon economy."

"Audi and Joule share a commitment to making carbon-neutral mobility a reality," said Reiner Mangold, Head of sustainable product development, AUDI AG. "The successful testing of ethanol produced from CO2 is another encouraging indication of this technology's progress. We are proud to work with Joule to ultimately sustain global transportation without emitting more CO2 than is consumed."

Joule and Audi formed a partnership in 2011 to accelerate the development and commercialization of CO2-neutral fuels. These efforts include fuel testing and validation, lifecycle analysis and support for Joule's production facility in Hobbs, New Mexico, where demonstration-scale production of ethanol is underway. Audi is also supporting Joule's hydrocarbon product, which was previously tested and shown to meet ASTM specifications in diesel blends of up to 50 percent. This product will follow ethanol to market.