SANTA BARBARA, CA–(Marketwire -12/08/11)- 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 announced that the company will offer a complete, gas-to-liquids (GTL) solution for power plants, transforming problematic CO2 emissions into valuable transportation fuels.
Byron Elton, CEO of Carbon Sciences, commented, “There are 8,000 power plants in the U.S. emitting more than three billion tons of CO2 annually. By combining only ten percent of this emitted CO2 with readily available natural gas (methane), we can produce enough transportation fuel to meet the needs of the entire country.”
The U.S. Energy Information Agency’s Annual Energy Outlook 2010 projected that natural gas-fired electricity generation is expected to account for 80 percent of all added electricity generation capacity by 2035. Natural gas power plants are ideally suited for Carbon Sciences’ technology because the necessary feedstocks are readily available in the same location — natural gas from the pipeline and CO2 captured from the smokestack.
A typical GTL solution for a gas-fired power plant will consist of three core components: 1) syngas generation, which converts captured CO2 and natural gas into syngas, 2) Fischer-Tropsch processing, which converts syngas into hydrocarbons, and 3) liquid fuels upgrading, which converts hydrocarbons to liquid fuels such as gasoline, diesel, and jet fuel. By using the CO2 emissions, Carbon Sciences’ solution will lower the carbon footprint of the power plant and produce carbon neutral transportation fuels at the same time. This addresses the dual problems of energy security and climate change.
The key to Carbon Sciences’ power plant solution is a breakthrough, methane dry reforming catalyst that consumes carbon dioxide. This complete solution will be available for licensing to power plants around the world.
“The future of the country lies in clean energy. We can achieve energy independence, create millions of new, high paying jobs, and halt the dangerous impact of global warming,” Elton added.
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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