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Old 06-23-2010, 12:36 AM
Sparty Sparty is offline
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Default Gas-to-Liquids Fuel Technology Key to Energy Independence

Carbon Sciences Believes Gas-to-Liquids Fuel Technology Key to Energy Independence

GTL Technology Is Best Candidate to End USA's Addiction to Petroleum and Provide 100% of Needed Transportation Fuel

SANTA BARBARA, CA, Jun 22, 2010 (MARKETWIRE via COMTEX) -- Carbon Sciences Inc. /quotes/comstock/11k!cabn (CABN 0.10, +0.01, +11.63%) , the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels, today asserts its belief that Gas-to-Liquids (GTL) fuel technology is key to the United States goal of energy independence following the release of the Annual Energy Outlook 2010 projections from the U.S. Energy Information Administration (EIA).

"The crisis that our country faces is how to obtain the quantities of liquid fuel required to maintain our standard of living and drive future growth without using petroleum, foreign or domestic," stated Byron Elton, CEO, Carbon Sciences. "The EIA predicts that world energy consumption will skyrocket 49 percent over the next 25 years. Of all the alternative fuel technologies under development, GTL technology is the only one with the ability to significantly replace petroleum and provide the nearly 140 billion gallons of gasoline we use each year," added Elton.

Gas-to-Liquids is a refinery process that converts natural gas and other gaseous hydrocarbons into longer chain hydrocarbons such as gasoline. Carbon Sciences announced earlier this year a patent filing for a breakthrough CO2-based GTL technology to transform greenhouse gases into liquid, portable fuels.

"The use of natural gas and carbon dioxide as the feedstock for our transportation fuels offers significant advantages over petroleum," stated Elton. "The US has over 2,000 trillion cubic feet of known, but unexplored, natural gas reserves. Our CO2-based GTL technology, when fully commercialized, can be used to produce enough gasoline for the US for 47 years without competing with current natural gas consumption of 25 trillion cubic feet, and without using a teaspoon of oil," he added.

Many companies, including all the major oil companies have been increasing their investments in the GTL sector. Royal Dutch Shell has invested $19 billion in Pearl GTL in Qatar, the world's largest GTL plant.

"The ongoing disaster in the Gulf is a wakeup call to the United States, and the world, that we must develop alternative, domestic sources of cleaner transportation fuels that will fit into the existing infrastructure, supply chain and vehicles," added Dr. Naveed Aslam, Chief Technology Officer for Carbon Sciences.

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