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Market Potential
A World without Petroleum
Petroleum is one of the dirtiest fossil fuels and the cause of geopolitical instability around the world. And yet, the people of the world can’t live life without petroleum, consuming over 85 million barrels every day in the production of gasoline, diesel and jet fuel to power our cars and fly our airplanes.
What if there is a way to produce these necessary fuels without petroleum? We believe that our breakthrough technology for transforming greenhouse gases into gasoline and other fuels will do just that. Not only will our technology be able to produce identical replacements for petroleum-based fuels, but we will also mitigate harmful greenhouse gas emissions that contribute to climate change.
The following scenarios describe the immediate market potential based on a 50% conversion efficiency of our CO2-GTL technology using natural gas and CO2 as the feedstock. Natural gas fields are ideal sites for our technology because they contain greenhouse gases, such as methane and CO2.
World Scenario
Using half of the world's active 6,254 trillion cubic feet of natural gas reserves (not including unexplored reserves), CO2-GTL can be used to produce enough gasoline for the entire world for 31 years.
United States Scenario (Annual)
| Natural Gas Used |
23 |
trillion cubic feet |
| CO2 Used (Mitigated) |
586 |
million tons |
| Gasoline Produced |
138 |
billion gallons |
| Supply Life |
1 |
years of gasoline for the United States |
The US has over 2,000 trillion cubic feet of known, but unexplored, natural gas reserves. With CO2-GTL technology, we can produce enough gasoline for the US for 47 years without competing with current natural gas consumption of 25 trillion cubic feet.
Flare Gas Scenario (Annual)
| Worldwide Flare Gas |
5.3 |
trillion cubic feet |
| Flare Gas Used |
3.5 |
trillion cubic feet |
| Gasoline Produced |
21 |
million gallons |
| Wholesale Revenue |
$42 |
billion USD |
| CO2 Mitigation |
400 |
million tons would have been emitted |
According to the World Bank, 5.3 trillion cubic feet of natural gas are flared every year. By flaring only 34% of it to produce enough CO2 for the CO2-GTL process, over 21 million gallons of gasoline can be produced, representing an annual gasoline revenue potential of $42 billion, not including any carbon credit revenues.
Priceless Benefits
From sources such as natural gas fields, refinery flare gas, landfill gas, municipal waste, algae and other biomass, there is an abundant supply of greenhouse gases available to produce large and sustainable quantities of liquid fuel to replace petroleum for global consumption.
A world without petroleum is a world without wars, oil spills and petrol-dictators. A world with CO2-GTL technology is a world where countries, cities, and villages can produce liquid portable fuels domestically, sustainably and economically, without changing the existing fuel and transportation infrastructure.
A world without petroleum is… priceless.
Sources: Statistics on this page are from the US EIA
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