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Market Potential
Making Transportation Fuels from Natural Gas
The world consumes over 86 million barrels of crude oil each day in the production of gasoline, diesel and jet fuel to power our cars and fly our airplanes.
With demand exceeding production in 2006 (Peak Oil), liquid transportation fuels must be created from non-petroleum sources. (1) Natural gas is considered to be the world's next great source of fuel. Although found in abundant supply at affordable prices in the U.S. and throughout the world, natural gas cannot be used directly in cars, trucks, trains and planes without a massive overhaul of the existing transportation infrastructure.
Carbon Sciences' breakthrough technology can significantly lower the cost of reforming natural gas into synthetic gas (syngas), the most costly step in the gas-to-liquids (GTL) process for making liquid transportation fuels from natural gas. We believe our technology is the missing link needed to convert natural gas into a cost effective feedstock for liquid fuel production. Based on preliminary calculations, our technology can produce liquid fuels that are cost competitive with crude oil at $80 per barrel with good return on capital. These fuels can be used immediately in the existing infrastructure.
The following scenarios describe the market potential of our technology based on a projected conversion efficiency of 5.5 billion gallons of gasoline per 1 trillion cubic feet ("TCF") of natural gas.
World Scenario
According to the 2009 World Energy Outlook report, the long-term global recoverable gas resource base is estimated at more than 850 trillion cubic meters, or over 30,000 tcf. (2) Carbon Sciences technology can be used to produce 144 years of transportation fuels for the entire world by using only 50% of the available natural gas, and without using any petroleum.
United States Scenario
| Natural Gas Used(50%) |
900 |
trillion cubic feet |
| Gasoline Produced |
4.9 |
trillion gallons |
| Supply Life |
36 |
years of gasoline for the United States |
| Carbon Balance |
Carbon Neutral or Carbon Negative |
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According to the Potential Gas Committee 2008 Biennial Report (3), the US has approximately 1,836 trillion cubic feet of developed and undeveloped natural gas reserves. Carbon Sciences’ technology can be used to produce 36 years of gasoline in the U.S. using only 50% of known natural gas reserves without importing any foreign oil.
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