‘100 Israeli start-ups developing oil alternatives’

Government appoints Eyal Rosner as head of national initiative to reduce dependency on oil. Minister Landau: Natural gas fuels are on way

The government approved Sunday the appointment of Eyal Rosner as director of a national initiative to develop technologies that reduce the global use of oil in transportation. Prime Minister Benjamin Netanyahusaid that “The government is working to encourage the development of technologies that will reduce our dependency on oil.”

A dedicated team led by the head of national economic council Prof. Eugene Kandel formulated the guidelines for the national program to encourage both academic research and business entrepreneurship to examine alternatives for the use of oil.

The program was approved by the government in 2011. It was budgeted ay NIS 1.4 billion ($365 million) for 10 years, with the purpose to invest in the development of new oil-replacing technologies.

Prof. Kandel revealed to the ministers that more than 100 alternative energies start-up companies are active in Israel today, in addition to 100 university-based research groups.

Infrastructure Minister Uzi Landau said his ministry is already encouraging research and development of natural gas fuels, hoping to present their results by the end of the year… Read more

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