SANTA BARBARA, CA–(Marketwire -11/21/11)- Carbon Sciences Inc. (OTC.BB: CABN.OB – News), the developer of a breakthrough technology to make liquid transportation fuels from natural gas and carbon dioxide, today commented that investment in gas-to-liquids (GTL) technologies is the key to long-term job creation in the U.S.
Industry experts continue to describe the significant impact that the natural gas industry at-large has on employment opportunities. Currently, the U.S. natural gas industry employs over 600,000 workers and that number is expected to grow significantly. Job creation related to natural gas drilling, however, is only a small fraction of the job creation potential, and the true key to long-term job growth is lies in developing GTL technologies.
“The number one challenge facing the country today is job creation,” said Byron Elton, CEO of Carbon Sciences. “No industry has a better story to tell right now than natural gas exploration and development. While gas resources are generating new jobs by the tens of thousands, GTL operations would increase that number exponentially.”
Gas-to-liquids is a technology that makes liquid transportation fuels and other valuable products out of natural gas instead of crude oil and has the potential of creating thousands of permanent, high-paying jobs. Royal Dutch Shell has a working facility in Qatar that has created a virtual city and employs 35,000 workers. Sasol, a South African company, recently announced an agreement with the state of Louisiana for a feasibility study to build a $ 10 billion GTL plant, creating 5,000 total jobs.
Carbon Sciences, based in Santa Barbara, Calif., is developing a proprietary catalyst for the dry reforming of methane into synthetic or syngas, the first step in making liquid transportation fuels from natural gas. The catalyst and process offer important advantages over existing catalysts and technologies. Firstly, CO2 is used as part of the carbon feed in lieu of natural gas, reducing feedstock cost. Secondly, the catalyst is comprised of inexpensive and abundant metals. Thirdly, it is anticipated that it will involve low steam usage, making it a less expensive, and more energy-efficient process. Fourthly, the overall process is expected to be close to CO2-neutral, making it more environmentally friendly than current reforming/GTL technologies.
“We believe that the country’s energy policy or lack thereof, will continue to be a key issue in the job creation debate,” added Elton. “Hopefully, the debate will center on energy development, particularly on natural gas and GTL technologies. GTL is the best choice for high wage job creation, energy independence and energy security.”
About Carbon Sciences Inc.
Carbon Sciences has developed a breakthrough technology to make liquid transportation fuels from natural gas. We believe our technology will enable the world to reduce its 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 offers a highly scalable, clean-tech gas-to-liquids (GTL) process to transform natural gas into 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. Our proprietary catalyst is now undergoing rigorous commercial testing to meet the needs of the natural gas industry and will be available for use in pre-feasibility studies of new GTL plants. To learn more about Carbon Sciences’ breakthrough technology, please visit www.carbonsciences.com and follow us Facebook at http://www.facebook.com/carbonsciences.
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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