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Carbon Sciences' Breakthrough Technology Enables Production of Renewable Gasoline and Other Fuels
Low Level Hydrocarbons Produced by the Company's CO2-to-Fuel Technology Can Be Used by Existing Oil Refineries to Produce Gasoline
| Source: Carbon Sciences Inc.
SANTA BARBARA, CA--(Marketwire - October 6, 2008) - Carbon Sciences Inc. (OTCBB : CABN ), the
developer of a breakthrough technology to transform carbon dioxide (CO2)
emissions into gasoline and other fuels, today commented on the application
of its CO2-to-Fuel technology in the production of gasoline by existing oil
refineries.
With global population projected to increase from 6.5 billion in 2006 to
8.5 billion by 2030, the Energy Information Administration projected that
worldwide energy consumption will increase by 50% in the same period. This
increase translates to a requirement of over 112 million barrels of crude
oil per day, up from the current 90 million barrels per day. The biggest
use of crude oil is in the production of liquid fuels for the
transportation sector that consumes over 100 million gallons of fuel per
hour.
Natural crude oil is made of a complex mixture of hydrocarbons of various
molecular structures in addition to other organic compounds. Through a
range of petroleum refining processes, crude oil is refined into individual
products such as gasoline, diesel, jet fuel, solvents, wax and other
products. Additionally, gasoline and other liquid fuels can also be
produced through a chemical process called Catalytic Reforming where crude
oil distillates are reformed into fuel. Catalytic Reforming is a well known
process that is a part of existing oil refinery operations.
Carbon Sciences' breakthrough technology uses CO2 in a highly scalable and
proprietary biocatalytic process to produce low level hydrocarbons that are
almost indentical to the feedstock used by Catalytic Reforming units to
make gasoline. Therefore, instead of using crude oil as a feedstock for
making gasoline, Carbon Sciences' CO2-to-Fuel technolgy can be employed to
provide the refinery industry with a renewable feedstock made from CO2
emissions. With over 28 billion tons of CO2 emissions per year, this
renewable feedstock has the potential to dramatically curb the demand for
crude oil in the production of gasoline and other transportation fuels.
Derek McLeish, the company's CEO, commented, "Leveraging on our experience
in CO2 transformation technologies, we are very excited about the
proprietary innovations in our CO2-to-Fuel technology. When we move into
the commercialization phase, we intend to license this technology to oil
refineries, as well as large CO2 emitters. Because our CO2-to-Fuel
technology utilizes the existing fuel production and distribution
infrastructure, our solution can be adopted more rapidly than other
renewable energy technologies. With no end in sight to the world's thirst
for fuel, we believe that the successful commercialization of our
technology will help to increase the global fuel supply, and most
importantly reduce our dependency on imported oil."
About Carbon Sciences Inc.
Carbon Sciences Inc. is developing a breakthrough technology to transform
carbon dioxide (CO2) emissions into the basic fuel building blocks required
to produce 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 Carbon Sciences, please visit our website at
http://www.carbonsciences.com.