|Carbon Sciences Identifies Vast Market Opportunity|
|Major strategic partners to market the company’s breakthrough technology |
Santa Barbara, CA - August 3, 2011 - Carbon Sciences, Inc. (CABN), the developer of a proprietary technology to make gasoline and other fuels from natural gas and carbon dioxide (CO2), today provided details of its plan to bring its technology to the market by addressing economically challenged natural gas reserves.
Most of the world’s natural gas reserves contain some amount of CO2. With current technology, natural gas is economically viable only when the CO2 content is less than 10-15% of the total volume. At this level, the CO2 is removed and often released into the atmosphere. If the CO2 content is higher, then the removal process is prohibitively expensive, therefore leaving these natural gas reserves uneconomical to develop.
There are numerous known gas fields with CO2 concentrations at unacceptably high levels within the U.S., particularly in Texas, the Rocky Mountains and the Gulf Coast. Recently discovered natural gas reserves in other countries, such as Indonesia, Australia and Malaysia, have encountered the same problem, making them uneconomical to develop with traditional technologies.
Since Carbon Sciences’ technology uses CO2 and methane as feed stocks, it can utilize high CO2 natural gas reserves directly, thereby increasing the total usable natural gas for many countries around the world. Natural gas containing as much as 50% CO2 by volume is a suitable feed for Carbon Sciences’ dry reforming process.
Byron Elton, Carbon Sciences CEO, commented on the opportunities that this presents for Carbon Sciences, "This is an exciting development for our company. As our process can use up to a one to one ratio of CO2 to methane, it opens up vast amounts of natural gas that would otherwise remain undeveloped.”
Elton added, “Our technology will enable the nations of the world to reduce their dependence on petroleum by cost effectively using high CO2 natural gas reserves to produce cleaner and greener liquid fuels for immediate use in the existing transportation infrastructure. Our ability to access heretofore unusable gas reserves will allow for wider adoption of our process which may result in far reaching impact on the global energy landscape.”
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.
|Date: Wednesday, August 03, 2011|
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