Founded by F1 racing legend Paddy Law, Pure Zero Oil Company has received the support of Domon Hill Obeby, a participating investor with equally impressive race-track credentials.
In addition to securing more partnerships and strengthening the company’s team, the money will be used to promote a circular carbon economy in the UK by setting up a pilot-operated oil factory. The company also received ,000 64,000 in support from Innovation UK.
Zero Petroleum aims to become a leader in the field of refined petroleum products.
To the beginning of the year GasIn the world’s lonely world, Lowe said he believed man-made fuels would be fundamental to the transition.
Fossil fuel is created by combining electricity from renewable sources with direct carbon dioxide (CO2). This process allows zero petroleum to produce synthetic gasoline, diesel, jet fuel and plastics.
“The community has reaped the incredible benefits of hydrocarbons, and our vision is to build a full circle and a carbon-neutral supply,” Lowe said.
Believing that man-made fuels are needed to protect the planet, Lowe added: “We need to look at sustainable alternatives. This funding not only helps us to realize how much more valuable fuel we get from angelic partners but also how important it is.
The beauty of man-made fuels is the ability of companies to replace fossil fuels without having to adapt their distribution infrastructure or vehicle design during a power transition, with zero petroleum.
He emphasized the need to shift to sustainable energy to meet the challenges of climate change.
He added, “As a former Paddy colleague, I enjoy using his skills in a way that benefits all of us, and I am a supporter of Zero Petroleum.
The company is currently looking for partners in the hydrogen sector to use hydrogen to increase its access to renewable fuels in the world.
Click here for more content to support decommissioning related to Zero Petroleum and Paddy Law fuel.
For the full website GasWorld Managing Editor Rob Cockril, in June 2021, click here.