NewCO2Fuels (NCF) is developing an innovative, cost competitive, self-sufficient system to produce fuel from CO2 and renewable energy. The core technology is a high temperature driven, CO2 and water dissociation process which produces syngas (mixture of CO and H2), from which different synthetic fuels can be produced. The uniqueness of the technology lies in the overall 40% conversion efficiency of the process, enabling competitive prices without any governmental incentives for end product fuels while recycling CO2 emissions.