Subscribe to Entrepreneur for $5
Subscribe

This Entrepreneur's Nanoparticle-Based Fuel Additive Could Help Make Gasoline Cars as Environmentally Friendly as Electric Ones

The co-founder and CEO of FuelGems shares how his cutting-edge nanoparticle-based fuel additive is making gasoline cleaner, safer and more efficient.

By
Opinions expressed by Entrepreneur contributors are their own.

Kirill Gichunts is an investor and entrepreneur, who has mentored and been a part of more than 15 companies and helped achieve two exits. Today, he's the co-founder and CEO of FuelGems. He sat down with JessicaAbo to discuss his cutting-edge nanoparticle-based fuel additive is disrupting the $3.5 trillion fuel market by making gasoline, and diesel, cleaner, safer and more efficient.

Jessica Abo: Kirill, when did you become so interested in clean energy?

Kirill Gichunts: When I was undergoing my undergrad studies at U.C. Berkeley, I looked at various business areas, and I decided that there's no better thing to do than to help the environment through clean tech projects and make money at the same time. This is the direction of business that I chose, and I worked after that to get to where I'm at today.

What problem were you trying to solve when you started FuelGems?

Air pollution is a big problem, and fuel is inefficient and expensive. There are estimates that 5 to 10 million of people die annually from air pollution, and it's a big problem. We saw an opportunity to make fuel, gasoline and diesel much cleaner and much more efficient. And we've been working with a team of Ph.D. scientists to actually improve fuel and make it much cleaner through a very innovative technology.

Can you tell us a little bit about your technology?

We developed a new application of a unique nanoparticle and we developed a proprietary production method which produces these nanoparticles. It's actually a complex reactor with its own software, hardware, its own plasma, which produces the nanoparticles. We use various chemical approaches to treat these nanoparticles to dissolve very efficiently in a fuel. And so, 1 gram to 5 grams of these nanoparticles, which are safe, is needed to treat one ton or 264 gallons of fuel. They provide fuel savings and anti-friction benefits. They reduce dangerous emissions by up to 50% and they reduce CO2 by up to 9%.

What's exciting about our technology is that it is safe, affordable and easy to add to fuel which would make it easy for the world's 700 refineries to incorporate in fuel. This has powerful ramifications, because FuelGems has the potential to improve all the fuel in the world quickly and save hundreds of thousands of lives through cleaner air and save billions of dollars by making fuel more efficient.

What do you think are some steps we can be taking to improve the environment?

There's no single solution to reduce CO2 and to reduce pollution. I think everybody can utilize the various different technologies. These range from putting solar panels on a roof to electric cars, which are not as clean as they are made out to be because electric cars are powered by the grid, and the grid gets 60% of the electricity from coal and natural gas. So, our technology actually makes gasoline cars almost as clean as electric cars.

People should utilize various technologies out there to improve their environment. Going into the future, the more pollution there is, the more clean technologies people should utilize, and this would benefit everyone greatly.

Latest

Will a Professional Mermaid's Business Idea Sink or Swim?

See if our investors think there's something fishy about her concept on the new episode of 'Elevator Pitch.'

How Do You Acquire Clients in Any Situation? You Need to Ask These Questions.

The founder and CEO of Sparkling Results shares her advice for anyone looking to have meaningful money-making conversations.

Hospitality Leadership Coach Matt Rolfe on Being Vulnerable and Sharing Your Truth

Interview with Hospitality Leadership Coach Matt Rolfe about setting boundaries in life and work, creating positive leverage, and being honest with your team.

5-Minute Mentor: How Do I Generate Leads Without Annoying People?

Here's how to test your idea and bring it to market in an impactful way.

The Top 5 All-Time Best Productivity Hacks You've Never Heard Of

Want to combat chronic procrastination? Use these top five productivity hacks to put an end to this debilitating nuisance.

How to Identify Your X Factor So You Can Monetize Your Gifts

The founder and CEO of Rock Your Gift shares what to ask yourself to find your X factor, and explains how he's helping coaches and speakers define their unique message to grow their platform and visibility to attract consistent clients.

Here's How Investors Can Tell If You Are as Passionate as You Say You Are

On this bank-breaking episode of 'Elevator Pitch,' see who gets funding and who gets called out.

This Woman Launched a Multi-Million Dollar Company Out of Her Dorm Room in College. Now She's Helping Kids Launch Big Ideas of Their Own.

Founder of Headbands of Hope and Mic Drop Workshop, Jess Ekstrom, talks about her new interactive book Create Your Bright Ideas.

Bam! Emeril Lagasse on Kicking Your Business Up A Notch

Interview with celebrity chef and restaurateur Emeril Lagasse about his new Roku TV series, putting relationships first, and creating media with a purpose.

5-Minute Mentor: Is My Idea Ready to Be a Business?

Here's how to test your idea and bring it to market in an impactful way.

Do You Have Toxic Office PTSD?

A dark cloud of doom seems to have followed you all the way from that cruddy job to your new desk.

The Coffee Bean & Tea Leaf CEO Sanjiv Razdan on Mentoring New Business Leaders

Interview with Sanjiv Razdan about making the most of nontraditional opportunities, brewing customer curiosity, capitalizing on user-generated content, and inspiring industry leaders with the nonprofit GLEAM Network.

Is Staying Remote the Best Thing for Your Business?

Here's how to unlock the unbeatable benefits of a remote setup.

3 New Ways to Develop Laser-Like Focus

To boost focus in the face of distractions, you need a new approach to success.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.