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Carbon Sciences Readies for Growth as Obama Inauguration Marks Dramatic Shift in U.S. Policy and Federal Support for Renewable Energy
Company Expects Green-Friendly Administration to Help Accelerate Development and Commercialization of Its Breakthrough CO2 to Fuel Technology
| Source: Carbon Sciences, Inc.
SANTA BARBARA, CA--(Marketwire - January 22, 2009) - Carbon Sciences, Inc. (OTCBB : CABN ), the
developer of a breakthrough technology to transform carbon dioxide (CO2)
emissions into gasoline and other fuels, reacted to President Barack
Obama's inaugural address, which singled out alternative energy sources as
crucial to America's future success.
"Investing in renewable energy is a key to getting our economy back on
track," said Derek McLeish, Chairman and CEO of Carbon Sciences. "With
President Obama pledging strong backing for sustainable energy and energy
efficiency, renewable energy companies like Carbon Sciences are reassured
that there will be a seismic shift in U.S. policy. Strong federal support
for development of viable renewable energy technologies will be very
helpful."
President Obama told the nation, "The state of the economy calls for
action, bold and swift, and we will act... We will restore science to its
rightful place... We will harness the sun and the winds and the soil to
fuel our cars and run our factories... "
"We share the President's concern when he said that the way we use energy
today 'threatens our planet,'" commented Byron Elton, President and COO.
"The commitment of Obama's 'green team' to meet these challenges, coupled
with solutions such as our proprietary technology for transforming CO2 into
a renewable fuel, will help America reach the goal of sustainable energy.
Building a successful business has a lot to do with timing. Given the
current economic, political, and climate challenges, the timing for Carbon
Sciences couldn't be better. With the wind to our back, we are moving ahead
on the right side of history."
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 the Company, please visit our website at
http://www.carbonsciences.com.