SANTA BARBARA, CA--(Marketwire - March 5, 2009) - Carbon Sciences Inc. (
OTCBB:
CABN), the
developer of a breakthrough technology to transform carbon dioxide (CO2)
emissions into gasoline and other fuels, today announced the launch of an
updated website that reflects its market potential and key advantages over
other renewable fuel technologies. The website describes how the Company's
breakthrough technology has the potential to produce more than 30% of
global liquid fuel supply using less than half of the CO2 emissions from
coal-fired power plants.
With global population projected to increase from 6.5 billion in 2006 to
8.5 billion by 2030, the Energy Information Administration (EIA) estimates
that worldwide energy consumption will increase by 50% in the same period.
This increase translates to a consumption of over 112 million barrels of
crude oil per day, up from the recent 90 million barrels. Concurrently,
annual CO2 emissions will increase from 29 billion tons in 2006 to 43
billion tons by 2030. The largest and most concentrated source of CO2
emissions is the growing use of coal-fired power plants, due to the low
cost and abundance of coal.
Unlike other renewable fuel technologies, Carbon Sciences' CO2-to-Fuel
technology transforms CO2 directly into renewable fuels that are identical
to gasoline and other fuels in use today. Based on a scenario of using
only 40% of CO2 emissions from coal-fired power plants in 2030, Carbon
Sciences' technology can produce nearly 30% of the world's liquid fuel
supply and mitigate 11% of the world's CO2 emissions.
Carbon Sciences believes that coal-fired power plants will not disappear
anytime soon, but the problem of their massive CO2 emissions must be
addressed immediately. The only other approach to CO2 mitigation
contemplated today is sequestering, or burying, CO2 in underground caverns
and the ocean. Carbon Sciences believes that this is a dangerous and
expensive solution, as demonstrated by the Energy Department's 2008
rejection of a $112 million carbon sequestration proposal to reduce 60% of
CO2 emissions from the Capitol Power Plant, which provides electricity to
the U. S. Congress and other capitol buildings.
Byron Elton, President and COO of Carbon Sciences, commented: "The most
viable and sustainable solution to the energy and climate challenge is the
direct and rapid transformation of CO2 into fuel. Our CO2-to-Fuel
technology is being developed with that goal in mind. Our updated website
describes our market potential and key advantages. No other approach,
including biodiesel or cellulosic ethanol, can match our impact in
addressing the energy and climate challenges."
Mr. Elton continued: "At a projected 70% CO2 to fuel conversion efficiency,
our technology can transform the 118,851 metric tons of annual CO2
emissions from the Capitol Power Plant into 12,479,355 gallons of gasoline.
Using our technology, the U. S. Congress would not be forced to view CO2
emissions from its power plant as a $112 million taxpayer expense; but
rather, a lucrative, sustainable and socially responsible revenue stream.
Likewise, coal-fired power plants would not see pending CO2 legislation as
a burden; but rather, a new and exciting business opportunity."
The Company's main website updates include:
-- Market Potential
http://www.carbonsciences.com/01/market_potential.html
-- Biomass to Fuel vs. CO2 to Fuel
http://www.carbonsciences.com/01/technology_keyadvantage.html
About Carbon Sciences Inc.
Carbon Sciences Inc. is developing a breakthrough technology to transform
carbon dioxide (CO2) emissions into fuels such as gasoline, diesel fuel,
jet fuel and other portable fuels. Innovating at the intersection of
chemical engineering and bio-engineering disciplines, we are developing a
highly scalable biocatalytic process to meet the fuel needs of the world.
Our solution to energy and climate challenges is a sustainable world of
fuel consumption and climate stability by transforming CO2 into fuel. For
example, Carbon Sciences' breakthrough technology can be used to transform
CO2 emitted from fossil fuel power plants into gasoline to run cars and jet
fuel to fly aircraft. To learn more about the Company, please visit our
website at
http://www.carbonsciences.com.
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.
Contact Information: Media Relations Contact:
Denyse Dabrowski
Avalanche Strategic Communications
(201) 488-0049