Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform carbon dioxide (CO2) emissions into gasoline and other fuels, announced today that its website at www.carbonsciences.com has been revised to provide more information about its new CO2-to-Fuel technology. Details of the company’s innovative technology to transform CO2 into fuel were unveiled on September 24, 2008 at the First International Summit on Policy, Technology and Investment in Cambridge, UK.
Derek McLeish, the company’s CEO, commented on the new strategic focus on CO2-to-Fuel technology, “The world is highly dependent on energy and we consider fuel to be the ultimate high value product for our CO2 transformation technology. The Energy Information Administration projects that by 2030, global energy consumption will increase by 50%, using over 112 million barrels of crude oil per day and emitting into the atmosphere over 42 billion tons of CO2 per year. This dual crisis of energy and climate threatens our way of life, as well as the security of nations.”
Mr. McLeish continued, “Successful commercialization of our CO2-to-Fuel technology will create a business opportunity that dwarfs every other technology and market segment that we have previously pursued. Transforming CO2, the harmful byproduct of fossil fuel usage, back into a renewable fuel to run cars and fly aircraft could have a profound effect on worldwide energy supply.”
Carbon Sciences’ technical development efforts are rooted in its innovative CO2-to-Carbonate technology that transforms CO2 emissions into a high value product, calcium carbonate. Calcium carbonate is consumed in substantial quantities by the paper, pharmaceuticals and plastics industries, resulting in a multi-billon dollar market. The company is currently engaged in discussions with potential strategic partners regarding licensing and further co-development efforts of its CO2-to-Carbonate technology.
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.