SOURCE: Carbon Sciences Inc.
November 22, 2010 08:30 ET
Carbon Sciences Announces Successful Performance Testing of Company's Proprietary Catalyst
Novel Catalyst Is Key to Transforming Greenhouse Gases Into Gasoline
SANTA BARBARA, CA--(Marketwire - November 22, 2010) - Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels, today announced the successful performance testing of its novel catalyst.
"In August of this year, we successfully synthesized the raw catalyst, a vital step in the development process. Now, we have tested the catalyst and it works as planned. This performance validation is a major milestone for us in demonstrating the commercial feasibility of our breakthrough technology," said CEO Byron Elton. "The results from our laboratory tests have been very encouraging and represent an important step forward in our quest to make gasoline without using crude oil," he added.
"From literally thousands of options, we have narrowed down our choice to two catalyst designs. More importantly, our rigorous testing shows that the catalysts work in accordance with earlier computer simulations," said Dr. Naveed Aslam, the company's Chief Technology Officer.
Dr. Aslam continued, "The key features we have confirmed in our tests are high conversion efficiency and potential for catalyst longevity, which translates directly into commercial viability. High conversion efficiency means lower capital cost to produce substantial quantities of fuel. Longevity means that our systems will not require frequent shutdown for maintenance and catalyst cleaning. These are the primary challenges faced by previous industry attempts. Our initial laboratory results lead us to believe that we will be able to overcome these challenges at commercial scale. Lastly, unlike catalysts previously considered by others, our catalysts are designed using common metals that are plentiful and inexpensive."
The United States consumes 140 billion gallons of gasoline each year and spends nearly a billion dollars per day on foreign oil. Carbon Sciences estimates that its technology, when commercialized, can be used to meet all the country's gasoline requirements using just 23 trillion cubic feet of natural gas and 586 million tons of CO2 without using a single drop of crude oil or competing with current natural gas consumption.
"The successful commercialization of our technology will address the global fuel crisis, result in domestic energy independence and will create millions of green jobs to power America and revitalize our economy," said Elton. "Because we are using significant amounts of CO2 in the process that would otherwise be emitted into the atmosphere, it is an environmentally friendly technology," he added.
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.