Rotem Energy Mineral Ltd. (RTEN)

Overview

Rotem Energy Mineral (REM) - Limited Partnership is a pioneering company focused on the advancement and generation of energy through unconventional methods. Established in 2016 and located in Tel Aviv-Yafo, Israel, REM operates in the Mishor Rotem area, concentrating on the extraction of oil and the generation of electricity from oil shale and plastic waste. Northwood Exploration Israel Ltd serves as the general partner, overseeing the operational activities of REM. This company represents a significant stride towards innovative and sustainable energy solutions within Israel.

Products and Services

• Oil Extraction from Oil Shale:

  REM specializes in extracting oil from oil shale, a sedimentary rock containing organic materials that can be converted into oil. This process involves mining the shale and then heating it in an environment with limited oxygen to produce oil. This oil can be refined further to produce various petroleum products, offering an alternative to conventional oil drilling methods.

• Electricity Generation from Oil Shale:

  Alongside oil extraction, REM is adept at generating electricity from oil shale. By burning the gasified or solid form of oil shale, the company can produce electricity. This method not only utilizes a somewhat abundant resource but also contributes to minimizing dependence on traditional fossil fuels.

• Energy generation from Plastic Waste:

  In its commitment to environmental sustainability, REM has also ventured into the generation of electricity from plastic waste. This innovative approach not only produces energy but also aids in addressing the global challenge of plastic waste management, offering a dual benefit of waste reduction and energy production.