Carbon Sciences Applies for U.S. Department of Energy Grant
DOE Recognizes CO2 to Fuel Technology as Alternative to Carbon Sequestration by Offering Funding for Innovative Concepts for Beneficial Use of CO2
SANTA BARBARA, CA--(Marketwire - August 11, 2009) - Carbon Sciences Inc.
(http://www.carbonsciences.com/01/index.php) (OTCBB: CABN), the developer
of a breakthrough technology to recycle carbon dioxide (CO2) emissions into
gasoline and other portable fuels, announced today that the company has
applied for a grant in response to a recent Funding Opportunity
Announcement (FOA) from the United States Department of Energy (DOE) for
"innovative concepts for the beneficial use of CO2."
Byron Elton (http://www.carbonsciences.com/01/about_team.html), CEO of
Carbon Sciences, stated, "Our CO2-to-Fuel technology offers a compelling
alternative to carbon sequestration and the DOE recognizes and acknowledges
that there are other innovative and viable approaches to reducing carbon
emissions that deserve government funding. We believe that we are
developing the most powerful and sustainable fuel technology in the world
and we want to bring it to the government's attention."
On June 8, 2009, the DOE issued a Funding Opportunity Announcement
specifically for spurring research and investments in technologies to
mitigate CO2 emissions. Pursuant to the American Recovery and
Reinvestment Act of 2009, this FOA is allocating $100 million for
innovative concepts for beneficial use of carbon dioxide, such as CO2 to
fuel technologies that are beyond conventional underground carbon
"Congressional interest in beneficial reuse of CO2 is high," said Elton.
"The Senate Appropriations Subcommittee on Energy and Water Development
recently held a hearing on 'Beneficial Reuse of Carbon Dioxide From Coal
and Other Fossil Fuels' during which DOE representatives emphasized that
significant investments in the carbon recycling sector will generate
important environmental and economic benefits."
The DOE anticipates notifying applicants selected for awards in September.
Additional information is available on DOE's website at
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
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