|Major strategic partners to market the company’s breakthrough technology |
Santa Barbara, CA - July 11, 2011 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to make gasoline and other fuels from natural gas and carbon dioxide, today provided specific details of its plan to bring its game changing technology to the market.
Byron Elton, Carbon Sciences’ CEO, commented, “This has been an extraordinary year for us. After extensive commercial testing, we believe we have developed the key catalyst that the energy industry has been searching for – a catalyst for the dry reforming of methane (CH4) from natural gas and carbon dioxide (CO2) to produce synthetic gas (syngas). The syngas can then be used to produce gasoline and other fuels. After productive discussions with potential strategic partners, our business model is now clear.”
Elton continued, “We are a technology development company that will work with major strategic partners to license our technology to syngas and gas-to-liquids (GTL) operators. The razor and razor blade model best describes our business. Simply put, if a syngas plant or the syngas portion of a GTL plant is the razor, then the use of our proprietary catalyst to improve yield and to reduce greenhouse gas emission represents the razor blade.”
The company is moving rapidly to implement its licensing model, including:
· Working with major strategic partners who will undertake manufacturing and marketing. These partners will bear the majority of the costs associated with optimization, process design and final commercialization.
· Currently negotiating with major catalyst companies and engineering firms.
· Identifying and focusing on fastest to market opportunities.
One of the more exciting early opportunities is to work with existing facilities around the world that currently produce syngas using other, more costly methods of reforming methane (steam, auto-thermal or partial oxidation). These plants produce substantial quantities of troublesome “tail gas” containing methane and CO2 that must be separated and recycled or otherwise disposed of safely and ecologically. Using Carbon Sciences’ technology, this tail gas can be economically transformed into additional valuable syngas.
Elton commented on the opportunities that lie ahead for Carbon Sciences, "It has been said that, ‘success always comes when preparation meets opportunity'. Carbon Sciences is preparing to address what many consider to be one of the great commercial opportunities of our time – making a drop-in replacement for gasoline and other fuels from natural gas while reducing carbon dioxide emissions. We look forward to contributing to an emerging industry that will create tens of thousands of new domestic jobs and lead to sustainable energy security.”
“These are exciting times,” Elton concluded. “We are committed to playing an historic role in enabling the nations of the world to reduce their dependence on petroleum by cost effectively using natural gas and CO2 to produce cleaner and greener liquid fuels for immediate use in the existing transportation infrastructure."
About Carbon Sciences, Inc.
Carbon Sciences is developing a breakthrough technology to make gasoline and other fuels from natural gas. We believe our technology will enable nations of the world to reduce their dependence on petroleum by cost effectively using natural gas to produce cleaner and greener liquid fuels for immediate use in the existing transportation infrastructure. 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. Innovating at the forefront of chemical engineering, Carbon Sciences is developing a highly scalable, clean-tech process to transform natural gas into liquid transportation fuels such as gasoline, diesel and jet fuel. The key to this cost-effective process is a breakthrough methane dry reforming catalyst that consumes carbon dioxide.
To learn more about Carbon Sciences' breakthrough technology, please visit www.carbonsciences.com and follow us on Twitter at http://www.twitter.com/carbon_sciences and Facebook at http://www.facebook.com/carbonsciences.