Novo Energies Corporation, through its subsidiary, WTL Renewable Energy Corporation, focuses on the development of a process to transform plastic and tire waste products into diesel, gasoline, and fuel additives combining thermolysis and gasification processes. It would plan, build, own, and operate renewable energy plants that would transform residual plastics and tires to liquid low carbon fuels. The company was formerly known as Atlantic Wine Agencies, Inc. and changed its name to Novo Energies Corporation in June 2009 to better reflect its future operations. Novo Energies Corporation was founded in 2001 and is headquartered in New York, New York.