|Carbon Sciences Applies for U.S. Department of Energy Grant|
|DOE Recognizes CO2 to Fuel Technology as Alternative to Carbon Sequestration by Offering Funding for Innovative Concepts for Beneficial Use of CO2 |
Santa Barbara, CA - August 11, 2009 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other portable fuels, announced today that the company has applied for a grant in response to a recent Funding Opportunity Announcement (FOA) from the United States Department of Energy (DOE) for “innovative concepts for the beneficial use of CO2”.
Byron Elton, CEO of Carbon Sciences stated, “Our CO2-to-Fuel technology offers a compelling alternative to carbon sequestration and the DOE recognizes and acknowledges that there are other innovative and viable approaches to reducing carbon emissions that deserve government funding. We believe that we are developing the most powerful and sustainable fuel technology in the world and we want to bring it to the government’s attention.”
On June 8, 2009, the DOE issued a Funding Opportunity Announcement specifically for spurring research and investments in technologies to mitigate CO2 emissions. Pursuant to the American Recovery and Reinvestment Act of 2009, this FOA is allocating $100 million for innovative concepts for beneficial use of carbon dioxide, such as CO2 to fuel technologies that are beyond conventional underground carbon sequestration concepts.
“Congressional interest in beneficial reuse of CO2 is high,” said Elton. “The Senate Appropriations Subcommittee on Energy and Water Development recently held a hearing on ‘Beneficial Reuse of Carbon Dioxide From Coal and Other Fossil Fuels’ during which DOE representatives emphasized that significant investments in the carbon recycling sector will generate important environmental and economic benefits.”
The DOE anticipates notifying applicants selected for awards in September.
Additional information is available on DOE's website at http://www.energy.gov/recovery/documents/tDE-FOA-00000.15.pdf.
About Carbon Sciences, Inc.
Carbon Sciences Inc. is developing a breakthrough technology to recycle carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other 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 to enable a sustainable world of fuel consumption and climate stability by recycling CO2 into fuel. For example, Carbon Sciences' breakthrough technology can be used to recycle 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.
|Date: Tuesday, August 11, 2009|
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