SANTA BARBARA, CA–(Marketwire -01/23/12)- Carbon Sciences Inc. (OTC.BB: CABN.OB – News), the developer of a breakthrough technology to make transportation fuels and other valuable products from natural gas, today announced that it will add to its core technology by accelerating the development of a steam reforming version of its proprietary catalyst for use by existing synthetic gas (syngas) plants. There are more than 2,000 plants worldwide that use steam reforming of natural gas to make syngas for the production of large volume chemicals such as hydrogen, methanol, ammonia, solvents and detergent alcohols.
Byron Elton, CEO of Carbon Sciences, commented, “We are accelerating our development efforts to adapt our proprietary catalyst to meet the needs of this valuable market. By the end of 2012, we plan to demonstrate that our catalyst will deliver more output at a lower cost and will be an attractive drop-in replacement for existing steam reforming plants. The financial rewards are enormous. The current global hydrogen market exceeds $ 150 billion/year with methanol at more than $ 20 billion annually. The 2,000 existing steam reforming plants in the world usually replace their catalysts every 3-5 years. Many of these catalysts replacements cost as much as $ 5-$ 10MM.”
Gas-to-liquids (GTL) technology, based on abundant and inexpensive natural gas, offers the best solution to meet the increasing demand for liquid transportation fuels. The GTL market is still developing and represents the company’s most significant long-term market opportunity. Steam reforming of natural gas is the preferred method of producing syngas for small to mid-size GTL plants. Carbon Sciences is targeting this market segment as a drop-in replacement opportunity for the steam-reforming version of its catalyst.
The company continues to develop the dry reforming version of its catalyst that can be used with captured CO2 or high CO2 content natural gas to make syngas.
Elton, concluded, “The key to succeeding in these market segments is a catalyst that can reduce the cost of reforming natural gas into syngas, the most costly step in making products from natural gas. We believe we have that catalyst. Completing the development and demonstrating the value of our breakthrough catalyst is Carbon Sciences’ highest priority in 2012.”
About Carbon Sciences Inc.
Innovating at the forefront of chemical engineering, Carbon Sciences is developing a breakthrough technology to make cleaner and greener transportation fuels and other valuable products from natural gas. Our highly scalable, clean-tech process will enable the world to reduce its dependence on petroleum by transforming abundant and affordable natural gas into gasoline, diesel and jet fuel, and other products, such as hydrogen, methanol, pharmaceuticals, solvents, fertilizers, pesticides and plastics. The key to this process is a breakthrough catalyst that can reduce the cost of reforming natural gas into synthetic gas (syngas), the most costly step in making products from natural gas. 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.
From our Blog
- Why You Need a Dumpster September 21, 2016
- Neighborhood Togetherness Matters & Clean Up Does, Too September 19, 2016
- What Waste Should You Recycle And Throw In The Trash? August 3, 2016
- Dumpster Rentals for Business Owners August 1, 2016
- Picking a Dumpster for Your Next Roofing Project July 19, 2016
- Consequences of Illegal Dumping and Littering July 13, 2016
- How To Dispose Of Debris? June 14, 2016
- When Is A Good Time To Clean Out Your Waste? June 13, 2016
- How to Dispose of Construction Waste May 2, 2016
- Why You Should Share Rental Dumpsters With Your Neighbors April 29, 2016
2011 2012 Announces best Call Clean Company Conference Connections Covanta diving dumpster dumpsters Energy Ewaste Garb garbage Harbors Holding Identity Inc. Industry Landfill Management Plant power Present Progressive Recycling Release Rental Reports Republic Second Services Solutions Stericycle stock Third TRASH TriTech Veolia Waste yard Year
- Dumpster Diving for Gourmet Pig Feed – Novella Carpenter July 10, 2011
- A Shout Out To Eating Garbage: Dumpster Diving on CBC September 17, 2011
- MythBusters – Dumpster Diving Trailer July 16, 2011
- Kris Kemp: Dumpster Diver August 21, 2011
- What should happen after my character gets beat up? June 6, 2011
- Frugal TV – Dumpster Diving for Coupons June 11, 2011
- Dumpster Dive (Director Commentary) September 24, 2011
- Dumpster Divers Spark Palin Probe September 11, 2011
- Auburn-Placer 1 yard dumpster June 8, 2011
- Can Opener? We don’t need no stinking can opener! June 19, 2011