|Carbon Sciences Secures Worldwide Exclusive License to Breakthrough Greenhouse Gas Transformation Technology |
|License for Dry Reforming of Methane Technology Eliminates Major Development Hurdle for Company |
Santa Barbara, CA - December 27, 2010 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels, today announced the execution of a worldwide exclusive license with the University of Saskatchewan (“UOS”), Canada, for an important component of the Company’s technology platform.
Carbon Sciences’ greenhouse gas to fuel technology is based on the idea of transforming carbon dioxide (CO2) and methane, two major greenhouse gases, into gasoline and other transportation fuels. For the past year, the Company has been engaged in the development of a high performance catalyst for the efficient transformation of CO2 and methane gas into a synthesis gas, which can then be further processed into gasoline and other fuels. The technology licensed from the UOS directly complements the Company’s own development efforts in this area.
The major challenges faced by previous industry attempts at developing a successful catalyst include coking (fouling the catalyst with carbon deposits) and continued long time performance. The Company’s development was directed at solving these problems and its research team observed encouraging short-term laboratory results. However, the UOS technology developed over the past decade by Dr. Hui Wang, professor of Chemical Engineering, has demonstrated high performance and reliability. The UOS catalyst achieved 92 % conversion with no detectable sintering, no significant carbon deposition, and thus no catalyst deactivation. Dr. Wang’s research team has successfully tested the catalyst for 2,000 hours of continuous operation in a bench top reactor.
Byron Elton, CEO of Carbon Sciences, said “We are excited about our license agreement with the University of Saskatchewan as it eliminates a big hurdle in our development plan. We look forward to demonstrating on a larger scale, the commercial viability of this important breakthrough and moving closer to our ultimate goal of producing gasoline and other portable fuels using greenhouse gases.”
“The University of Saskatchewan has been on the forefront of green technology development for quite some time and partnering with the private sector to commercialize their work is a key part of their strategy,” Elton added. “We are confident that the synergy between their technology and Carbon Sciences’ technical and corporate strengths will make for a very successfully partnership, and move the world closer to significantly reducing the use of petroleum as the primary source of transportation fuels.”
To imagine a world without petroleum and learn more about Carbon Sciences’ breakthrough technology, please visit visit http://www.carbonsciences.com.
|Date: Monday, December 27, 2010|
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