Company Expects Green-Friendly Administration to Help Accelerate Development and Commercialization of Its Breakthrough CO2 to Fuel Technology
Santa Barbara, CA - January 22, 2008 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to transform carbon dioxide (CO2) emissions into gasoline and other fuels, reacted to President Barack Obama's inaugural address, which singled out alternative energy sources as crucial to America's future success.
"Investing in renewable energy is a key to getting our economy back on track," said Derek McLeish, Chairman and CEO of Carbon Sciences. "With President Obama pledging strong backing for sustainable energy and energy efficiency, renewable energy companies like Carbon Sciences are reassured that there will be a seismic shift in U.S. policy. Strong federal support for development of viable renewable energy technologies will be very helpful."
President Obama told the nation, "The state of the economy calls for action, bold and swift, and we will act…We will restore science to its rightful place… We will harness the sun and the winds and the soil to fuel our cars and run our factories..."
"We share the President's concern when he said that the way we use energy today 'threatens our planet'," commented Byron Elton, President and COO. "The commitment of Obama's 'green team' to meet these challenges, coupled with solutions such as our proprietary technology for transforming CO2 into a renewable fuel, will help America reach the goal of sustainable energy. Building a successful business has a lot to do with timing. Given the current economic, political, and climate challenges, the timing for Carbon Sciences couldn't be better. With the wind to our back, we are moving ahead on the right side of history."
About Carbon Sciences, Inc.
Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Our solution to energy and climate challenges is a sustainable world of fuel consumption and climate stability by transforming CO2 into fuel. For example, Carbon Sciences' breakthrough technology can be used to transform CO2 emitted from fossil fuel power plants into gasoline to run cars and jet fuel to fly aircraft. To learn more about the Company, please visit our website at http://www.carbonsciences.com.