Elcon Recycling Center is an Israeli company fully owned by Shikun & Binui. The center is an advanced and modern factory located in Neot Hovav Eco-Industrial Park in the Negev, Israel, which provides a variety of services for the treatment and recycling of hazardous materials, sludge and industrial waste, including large volumes of plastic waste.

In the first stage a 0.5 ton/hour plant will be deployed in Elcon’s site, for a pilot period of ~6 months, during which Elcon will incorporate the plant into its overall operation in the recycling park. After the pilot period the second stage of the project will commence, including a 6 ton/hour plant, consisting of three reactors each handling 2 ton/hour of plastic waste, which will be converted to 22,000,000 liters of fuel per year.

Co-Energy’s vision is to make the problem of waste become the solution for clean energy demand. The plastic waste used in the Elcon Project would otherwise be sent to landfilling, creating an additional environmental hazard and with continuous emissions of greenhouse gases and polluting the soil. 1 ton of plastic waste in landfills emits 3 tons of CO2e. Thus, by using Co-Energy’s waste-to-value plant Elcon will be effectively avoiding the emissions of 144,000 CO2e for every year of operation.

The requirements were to convert plastic waste to fuel as set forth:

Incorporating Co-Energy’s plant into the existing facility with minimal footprint.

Using Co-Energy’s unique and innovative technology (IP protected) with remote control advances monitoring.

Produce fuel in a quality that is suitable to use in heavy vehicles.

Treat all emissions, whether gas or liquid, in compliance with the most rigorous environmental standards.

The first stage was commissioned in December 2023.

Kelheim and Tel Aviv, July 5th, 2023 – ValVeri AG and Co-Energy Ltd., two leading companies in the field of CleanTech and renewable energy, have announced a strategic partnership and launched a joint venture. The joint venture will focus on developing projects to convert plastic waste into hydrogen. The first project of this partnership will be implemented in Germany at the H2-DonauHub Kelheim (Bavaria).

ValVeri AG is known for its expertise in the areas of CleanTech, renewable energies and especially hydrogen. The company accompanies various activities to promote a sustainable energy industry and is already implementing various innovative technologies in various operative participations.

Co Energy Ltd. is an Israeli company specializing in the development and supply of technological solutions for generating energy from waste. With its expertise and experience, Co-Energy has established itself as a leading player in the field of sustainable energy.

Aviv Dekel, Acting CEO of Co-Energy stressed the importance of the collaboration: “Co-Energy is delighted to partner with Valveri and as each company brings their expertise and experience, this collaboration between Co-Energy and ValVeri will fundamentally transform the hydrogen market.”

Giorgio Karhausen, CEO of ValVeri, was also pleased about the cooperation and said: “I am pleased that we have succeeded in winning another innovative company from hydrogen technology for the cooperation. We want to use the excellent infrastructure in Kelheim to implement the joint venture with Co-Energy in the progressive environment at the H2-DonauHub.”

The first project of the joint venture will aim to convert plastic waste into hydrogen at the Kelheim site (Bavaria). This initiative will make an important contribution to sustainable energy supply and at the same time support the fight against plastic pollution.

The joint venture between ValVeri AG and Co-Energy Ltd. represents a significant step towards an environmentally friendly and sustainable future. The partnership brings together the expertise and resources of both companies to develop innovative energy harvesting solutions.

About ValVeri AG:

As a financial and management holding company, ValVeri AG is a leading company in the field of CleanTech, renewable energies and hydrogen. The company is committed to the development and implementation of sustainable solutions for energy generation.

About Co-Energy Ltd:

Co Energy Ltd. is a company specializing in the development and provision of technological solutions for generating energy from waste. The company has set itself the goal of creating sustainable waste-to-energy solutions that are cost-effective and reduce dependence on fossil fuels.

Press contacts:

Co-Energy Ltd.

Aviv Dekel – Acting CEO

Email: [email protected]

ValVeri AG

Anastasia Shafranskaya – Assistant to the CEO/Project Coordination

Email: [email protected]

After winning the Israeli Energy Tech All-Star in February 2023, Co-Energy received a VIP ticket to present at the Energy Tech Summit 2023, held in Warsaw, Poland on 26-27 April 2023.

The presentation was part of the Summit’s challenge for startup companies to show case new pathways to decarbonize and reach the target of annually removing 1 gigaton of carbon-dioxide from the atmosphere.

One of Co-Energy’s line of operation is converting organic waste to biochar, which is a great soil fertilizer that also sequesters carbon. Carbon sequestration with biochar is considered permanent and of high quality, making it especially attractive in the voluntary carbon markets.

Through its in-line continuous process, Co-Energy is able to convert millions of tons of biodegradable waste into biochar, meeting the 1 gigaton target quite easily.

As presented in the Summit, converting waste to energy holds many benefits: It is the most cost-effective method for waste treatment; it avoids future emissions in addition to removing already emitted greenhouse gases; it reduces scope 2 and scope 3 emissions as well; and it solves a huge problem of waste management.

Co-Energy is proud to be an industry leader in designing and creating technological solutions for converting different types of waste to a variety of energetic outputs.

Very broadly speaking, climate-tech is the industry that deals with at least one aspect of climate change, and it can be mitigation, adaptation, monitoring, regeneration, or removal of greenhouse gas emissions.  

The vast majority of the climate-tech industry still centers around the mitigation category. We see this in the problems and issues that companies are trying to solve and we see it in the financial attention those companies are getting, there is a staggering emphasis on investing in companies whose orientation is mitigating climate change effects.

Waste-to-energy is a pillar component in the climate tech industry because it plays a vital role in every one of those climate tech categories, and especially in mitigation and decarbonization efforts.

Waste to energy is offering huge opportunities and in a cost-effective way, that aligns financial interests with sustainability. This realization is gaining more weight and it is being reflected in the waste-to-energy market size.

If we look back on the last three years, we can see this vividly. In an analysis done by Fortune Business Insights in October 2022, they estimated the waste to energy market size in 2021 to be 32 billion dollars and projected to grow to over 44 billion dollars by 2029.

This market size does not grow in thin air, it’s the result of internalizing the benefits of waste to energy.

To frame this market in the right context, two general remarks are in order:

First, there is no magic bullet that can solve the climate crisis alone. It warrants consolidated efforts on everyone’s part, from a wide spectrum of topics that have to work together in a complimentary way.

Second, we need to keep in mind that just like in any other industry, the climate-tech industry includes a lot of background noises. If we examine how the industry behaved in the last three years, after COP26 we saw a big hype around climate-tech, we had the political attention and we gained momentum and budgets, and there were a lot of investments, many of them through SPAC and seed round investments, and then through the second quarter of 2022 things shifted. It’s not that some bubble burst, but it definitely felt like the honeymoon period was over investors as well as the industry realized that dealing with climate change involves serious technical and technological challenges that are not so easy to overcome. So from Q3 of 2022 we see that investments are shifting to Round A, there’s more emphasis on passing the proof of concept stage.

So with this mind, lets review how waste-to-energy can lead the way to decarbonize and mitigate the effects of climate change.

Waste to energy is a game changer for the most critical factor in mitigating climate change, and that is decarbonization. Here are two examples: decarbonizing the energy sector, and supporting decarbonization through the carbon markets.

First, lets look at the energy industry. There is so much going on in the energy market nowadays.

The energy industry, as we know, is responsible for most of the greenhouse gas emissions, mostly through the burning of fusil fuels. And in massive scales. The US Energy Information Administration published in early January in a press release its prediction for a record global petroleum consumption in 2024, referring to gasoline, diesel and jet fuel, that will average to more than 102 million barrels per day in 2024. So fuel is not going away anytime soon.

We also have dramatic rise in demand for electricity, projections are talking about increasing the demand from the current 27 tera kilowatts hour to 60 tera kilowatts hour in 2050, that’s just around the corner.  

There is also rising demand for hydrogen as a source for energy, especially with respect to electric vehicles.

The world is going to need a lot of energy, and that energy is required to be clean of greenhouse gas emissions. Waste to energy plants can contribute to meeting those rising demands. The problem of waste can become the solution for energy.

The great thing about waste to energy is that it takes all the checklist we want out of our energy resources today, and adds another layer of eliminating the waste while we’re at it. If you think about waste as a renewable energy resource, it’s not that farfetched. Ironically, we can rely on having enough waste to generate energy more than we can rely on wind, or even the sun. We have SO MUCH waste it is a tremendous resource if you know what to do with it. And turning it to energy is a great way to go at it:

Using Co-Energy’s plants you can use 1 ton of plastic waste to generate 500 liters of diesel, or 1.78 megawatt, or 150 kilograms of hydrogen. So in terms of meeting the demands AND making it clean and green, waste to energy is a powerful tool.

Waste to energy can be a game changer for decarbonization efforts also when considering the carbon markets.

Carbon markets are a great way to incentivize decarbonization, and as we move forward with technological advancements, we see more and more options to engage in those markets. What used to be reforestation as the only option is opening up to exciting opportunities for capturing carbon. What the carbon markets are looking for is stability, and stability goes hand in hand with reliability.

Just like in any other market, carbon markets stakeholders look for clarity. Clarity and confidence in carbon trading will come from high quality projects that generate high volume of permanent carbon sequestration, and this is where waste to energy come into play with converting organic waste to biochar. Converting organic waste to biochar is a perfect use case for the carbon markets, as was expressed in the Wall Street Journal in their article about biochar and carbon credits recently published.

In converting organic waste to biochar we prevent the emission of methane and CO2, we create a carbon sink, and we turn waste into a tradeable commodity with various agriculture applications and so on. And this is a far better option than any other option for treating organic waste. Through Co-Energy’s biochar plants you get tens of thousands of sequestered carbon that is removed from the atmosphere. A removal that is considered permanent. This is the kind of clarity and confidence needed in the carbon markets.

Last but not least, it is important to address an issue that is sometimes overlooked but is really important and that is creating a safe work environment. We sometimes tend to talk in big titles about waste-to-energy and decarbonization etc., and when those words are translated to actions on the ground they involve hard working people doing a fantastic job in a rough environment, so when we as a community or a government choose which technologies we want to support, we need to also address the issue of how these technologies create a safe work environment. At Co-Energy this is something that we always keep in mind when we design and set up a project. 

So to sum up, no matter what angle of the climate-tech industry you’re looking, whether through enhancing renewable energy resources, decarbonization efforts, smart waste management etc. The waste to energy sector has a lot to offer, and those few companies that have crossed the technological barrier can put forward projects that tie all the loose ends, present a solid business model and really make a change.

For the second year in a row, Co-Energy sponsors the Wall Street Green Summit.

As part of the summit, Co-Energy’s Vice President for Business Development participated on March 14th morning session on clean energy technologies, and presented Co-Energy’s waste to energy technology and its benefits in creating clean energy resources as well as for the climate-tech industry as a whole.

Co-Energy is proud and honored to present side by side with the outstanding speakers that presented at the session and the summit as a whole.

On February 13th, 2023, Ignite The Spark held their annual event of Israeli Energy Tech All Stars, in which they bring to stage their selection of top ten Israeli start ups in the Israeli energy tech eco system. The evening marked the highlight of several months’ bootcamp of meeting and workshops.

Co-Energy’s Vice President for Business Development and Marketing, Ms. Aviv Dekel, took the stage and delivered a five minutes pitch emphasizing Co-Energy’s main advantage – we have proven commercial capability to execute waste to energy project to the highest standards and we deliver actual results. This is particularly significant as we reflect back on 2022 and see the demarcation between companies that claim to have capabilities to those that actually have them.

Co-Energy takes pride in its well experienced team of excellent professionals from a wide range of technical and business backgrounds, a key issue when you’re setting up waste-to-energy projects that involve big robust machinery working in high temperatures with a challenging and ever changing feedstock.

As the winner of the event, Co-Energy received a ticket to participate in the Energy Tech Summit to be held in Warsaw, Poland, in April 2023.

Photos by “Ananim” Studio

Energy Tech Review selected Co-Energy to be at the TOP 10 Waste to Energy solution providers for 2023.

In it’s recent publication, the magazine featured an interview with Co-Energy’s chairman, Amir Cohen, introducing the work of Co-Energy and our unique perspective on converting waste to a high quality energetic product.

The article notes that “The plants operate continuously, which is significantly more efficient than a batch-wise process, saving energy along the way. It has a sophisticated control system with remote options for preserving process stability in the presence of non-homogeneous waste. The output energy can be stored and released on time per the advanced requirements for integrating renewable energies in the smart electricity grid.”

This is and exciting acknowledgement of Co-Energy’s endeavors in the waste-to-energy market, paving the way as top industry leader. With a track record of successful commercial capabilities and operational plants, we continue to shape the landscape of waste-to-energy.

On September 21st, 2022, Co-Energy’s staff participated in PLANETech World 2022 Conference, held at the Rabin Center, Tel Aviv. The conference was a wonderful opportunity to meet with potential partners and investors, showcasing Co-Energy’s technology of converting waste to energy through a circular economy solution and a net negative environment.

Co-Energy attaches great importance to being a market leader, and thus proactively engage with the climatech industry in front and behind the scenes, taking part in working groups and different forums committed to boost climatech in Israel and globally.

Co-Energy continues its endeavors to promote climatech. As opposed to other fields of the hi-tech industry, in climatech a surgical pin point solution approach won’t work. It will fail due to either lack of technological scalability or due to lack of financial attractiveness. We at Co-Energy advocate for a holistic point of view on climatech, where a strategic vision that encompasses waste treatment, clean energy production, decarbonization etc. is the best option to present a technology that works in large scales and offers an attractive ROI.

Companies, investors and governments alike need to choose sustainable solutions not because of some martyred position on the importance of mitigating climate change effects, but because sustainable solutions are the wise financial choice with better economy at their foundations.

This is Co-Energy’s philosophy on climatech, and it has proven itself time and time again. We appreciate the opportunity to take an active role in the climatech industry and happy to do it in person after two years of communicating remote.

Aviv Dekel, VP Business Development & Marketing, and Dean Solomon, Co-Founder