SANTA BARBARA, CA--(Marketwire - December 27, 2010) - Carbon Sciences Inc. (
Carbon Sciences' greenhouse gas to fuel technology is based on the idea of transforming carbon dioxide (CO2) and methane, two major greenhouse gases, into gasoline and other transportation fuels. For the past year, the Company has been engaged in the development of a high performance catalyst for the efficient transformation of CO2 and methane gas into a synthesis gas, which can then be further processed into gasoline and other fuels. The technology licensed from the UOS directly complements the Company's own development efforts in this area.
The major challenges faced by previous industry attempts at developing a successful catalyst include coking (fouling the catalyst with carbon deposits) and continued long time performance. The Company's development was directed at solving these problems and its research team observed encouraging short-term laboratory results. However, the UOS technology developed over the past decade by Dr. Hui Wang, professor of Chemical Engineering, has demonstrated high performance and reliability. The UOS catalyst achieved 92% conversion with no detectable sintering, no significant carbon deposition, and thus no catalyst deactivation. Dr. Wang's research team has successfully tested the catalyst for 2,000 hours of continuous operation in a bench top reactor.
Byron Elton, CEO of Carbon Sciences, said, "We are excited about our license agreement with the University of Saskatchewan as it eliminates a big hurdle in our development plan. We look forward to demonstrating on a larger scale, the commercial viability of this important breakthrough and moving closer to our ultimate goal of producing gasoline and other portable fuels using greenhouse gases."
"The University of Saskatchewan has been on the forefront of green technology development for quite some time and partnering with the private sector to commercialize their work is a key part of their strategy," Elton added. "We are confident that the synergy between their technology and Carbon Sciences' technical and corporate strengths will make for a very successfully partnership, and move the world closer to significantly reducing the use of petroleum as the primary source of transportation fuels."
To imagine a world without petroleum and learn more about Carbon Sciences' breakthrough technology, please visit www.carbonsciences.com.
About Carbon Sciences Inc.
Carbon Sciences Inc. is developing a breakthrough technology to transform greenhouse gases into liquid portable fuels, such as gasoline, diesel and jet fuel. Innovating at the forefront of chemical engineering, we are developing highly scalable clean-tech processes to produce liquid fuels from naturally occurring or human-made greenhouse gas emissions. From sources such as natural gas fields, refinery flare gas, landfill gas, municipal waste, algae and other biomass, there is an abundant supply of inexpensive feedstock available to produce large and sustainable quantities of liquid fuel to replace petroleum for global consumption, thereby eliminating our dependence on petroleum. To imagine a world after oil and to learn more about Carbon Sciences' breakthrough technology, please visit www.carbonsciences.com and follow us on Twitter at http://www.twitter.com/carbon_sciences
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.
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