AU$ 3,700
pledged of 100 000 AU$ pledged of 100 000 AU$ goal
24
backers
0seconds to go
Funding Unsuccessful
The project's funding goal was not reached on Sun, July 27 2014 10:53 PM UTC +00:00
Jay fosterBy Jay foster
First created
Jay fosterBy Jay foster
First created
AU$ 3,700
pledged of 100 000 AU$ pledged of 100 000 AU$ goal
24
backers
0seconds to go
Funding Unsuccessful
The project's funding goal was not reached on Sun, July 27 2014 10:53 PM UTC +00:00

About

Thanks for checking out our ambitious project! 

Want to hear more about what we are trying to achieve? Check out this video below for highlights of a Q&A with co-founder, Jay Foster

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What do we do?

We take pollution and turn it into a resource! Specifically, we create renewable fuels that replace existing fuel sources like petrol (gasoline) and ethanol.

Before we go too far though why is CO2 so bad?

Carbon dioxide accounts for 82% of the greenhouse gases we put in to the atmosphere. Carbon dioxide isn't a bad thing though, it is essential for life on earth. So what's the problem? Too much of it heats up our planet... It's that simple!

The average carbon footprint for every person in Australia is 18.8 tonnes, which is 4.3x the global average, compared to the USA at 3.7x and the EU at 1.7x. Scientists agree we need to get down to about 2 tonnes per person to live sustainably. That's a reduction of almost 17 tonnes per person!

Why are we passionate about what we do?

We have identified some trends and developed technology that solves many problems at once. We are passionate about two global issues; (1) the imbalance of CO2 in the atmosphere contributing to global warming, and (2) energy security issues relating to our rapidly depleting global resources.

Our plant creates renewable fuels that are created from pollution, NOT natural resources, and we take pollution out of the atmosphere that is contributing to climate change.

 Why are we raising funds on KickStarter?

Simple - we are going to launch the first ever community funded renewable energy project in Australia and we need your help!

We are looking for a core group of people that are concerned about the environment and want to see us move towards a more sustainable future before it is too late. We are a group of entrepreneurs that want to change the status quo. We are concerned about our planets health and believe the best chance we have of correcting the problems we face today is to find PROFITABLE solutions that use pollution as an energy resource!

Our vision is to pioneer fuels from carbon in Australia by turning our pollution in to a resource. We aim to lead the transition away from fossil-based fuels by creating carbon neutral renewable fuels, which recycle CO2.

Why are we looking to raise $100,000?

$100,000 would allow us to build a working demonstration plant producing up to 10,000L a month of fuel that we can use to start recycling pollution today. 

Obviously if we can raise more the impact we can have will be compounded. For example I have listed some goals below:

  • An additional $150,000 will get us a plant recycling up to 250,000 kilograms of CO2 per year!
  • An additional $400,000 will get us a plant recycling up to 500,000 kilograms of CO2 per year!
  • An additional $800,000 will get us a plant recycling up to 1 million kilograms of CO2 per year!

Our plant currently only has the capacity of producing 1000 litres so our goals are audacious but is what is required to see real positive change to our environment.

Your contribution will be used solely to fund the construction of a plant while we continue to source partners who want to recycle CO2.

How will this project (and your pledge) make a difference?

Technologies that re-use carbon are going to shift the landscape of carbon mitigation (reduction) and substantially reduce the cost of recycling carbon dioxide, CO2.

The current debate regarding climate change globally is facing resistance for one simple reason; carbon mitigation provides no financial opportunity for our largest carbon emitters to take needed action seriously – this is the perception we will change.

 We have a real opportunity to reverse the effects of global warming by thinking about CO2 differently. Below is a snapshot of what is possible:

Our CO2 levels with Renewable Options
Our CO2 levels with Renewable Options

And to put this number in to perspective here is a snap shot of CO2 output by country!

 Your contribution today will go a long way to allow a start-up company like ours make a real difference. If you want to continue reading we welcome you to check out our website and learn more.

www.syntheticfuelsaustralia.com.au

Pledge Rewards!

Here is what you have been waiting for. Check out these pics of pledge rewards below:

Methanol Table-Top Fireplace

Risks and challenges

Our technology has not been introduced at a commercial-scale so there are risks involved. We have assessed our funding needs and have mitigated as much risk as possible by allocating sufficient resources to get the job done. In summary, we see the potential risks falling in to the following categories;

1. Production delays
We have scaled up our project twice and believe we have sufficient data to accurately predict costs of production. We may experience delays in obtaining suitable space to house our plant and well as sourcing needed materials.

How will we address this?
All of our next steps after obtaining funding will be posted on line for all to see. We will update our community of supporters of our progress and any set backs. We will also look to work with a collaborative partner to bring this project to life in the most cost effective way possible, therefore creating more impact for less.

2. Change in the cost of materials
It is inevitable that we may experience some cost blow outs. Our pledge amount of $100,000 has been calculated for us to build the smallest commercially viable plant we can.

How will we address this?
Any pledges over this amount will allow us to increase the size of our fuels plant to recycle more CO2. Raising funds through Kickstarter will also allow us to take advantage of government resources and grants to further support our efforts of creating a more sustainable future.

3. Building a sales channel to sell our fuel
We have years of experience behind us in building our plants and are experts in what we do. In saying that, we have not produced enough fuel to sell commercially to date. We have identified many different avenues to on-sell our fuel and the risk we face is finding enough suitable channels in time for us to start production.

How will we address this?
Once we have a confirmed amount of fuel we can produce depending on the final pledge amount and size of the plant we can build, we will be able to source buyers or third parties to on-sell of our fuel. Guaranteeing a minimum amount of fuel production will allow us to collaborate with the right partners and source the most suitable channels for our product.

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Questions about this project? Check out the FAQ

Support

  1. Select this reward

    Pledge AU$ 10 or more About $7

    Your $10 pledge will recycle up to 40 KG's of CO2, the equivalent amount of CO2 two standard trees absorb per year!

    Every single backer will get access to our members only blog to stay updated on all the exciting projects we are working on, specifically this one. Get 1L of methanol too!

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  2. Select this reward

    Pledge AU$ 20 or more About $14

    Your $20 pledge will recycle up to 80 KG's of CO2, the equivalent amount your fridge will produce in the next 2 months! We will send you out 2 1L bottles of renewable methanol! Check our website for all the ways to use it!

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    Pledge AU$ 50 or more About $36

    Now we're talking!

    Your $50 pledge will recycle up to 200 KG's of CO2, the equivalent amount of CO2 created to make 1000 plastic bags! Get 5L of methanol too!

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  4. Select this reward

    Pledge AU$ 100 or more About $72

    Your $100 pledge will recycle up to 400 KG's of CO2, the equivalent amount of CO2 produced in your home per month! We will also send you out a corporate polo shirt as a thank you!

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  5. Select this reward

    Pledge AU$ 150 or more About $108

    Awesome! Not only will you recycle the equivalent amount of CO2 that 30 trees will over the next twelve months we will send you out a methanol table-top fireplace, along with a litre of our methanol, to use in your home instead of that heater you are using now!

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  6. Select this reward

    Pledge AU$ 500 or more About $359

    Your $500 pledge will recycle up to 2000 KG's, the equivalent of taking your car off the road for an entire year!

    We will send you out 2 methanol table-top fireplaces, with 2 litres of our methanol, plus 2 polo shirts for your generous pledge!

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  7. Select this reward

    Pledge AU$ 1,000 or more About $719

    Your $1000 pledge will recycle up to 4000 KG's of CO2, the equivalent of taking a semi-trailer truck off the road for 4 months!

    We will send you out 5 methanol table-top fireplaces, plus a 20 litre container of our methanol! That will last you for the coldest of winters!

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Funding period

- (35 days)