The recent $700 billion bailout package has extended tax credits to wind and solar energy companies. However since mostly all renewable energy projects depend upon project financing, it is suspected that only large utilities will actually benefit from the tax credits. However, companies such as Carbon Sciences, Inc. (CABN) are proving otherwise.
Transforming CO2 to Fuel
Carbon Sciences, the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products such as precipitated calcium carbonate (PCC) is now developing a breakthrough technology to transform CO2 into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels.
“We are very excited about this breakthrough,” stated Derek McLeish, the company’s CEO. “By innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable bio-catalytic process to meet the fuel needs of the world. With over 28 billion tons of CO2 emitted each year, there is an abundant supply of raw material available to produce renewable and sustainable fuels for global consumption.”
The Process of CO2-to-Fuel Technology
The fuels we use today, such as gasoline and jet fuel, are made up of chains of hydrogen and carbon atoms aptly called hydrocarbons. Hydrocarbons are naturally occurring in fuel sources such as petroleum and natural gas. To create fuel, hydrogen and carbon atoms must be bonded together to create hydrocarbon molecules. These molecules can then be used as basic building blocks to produce various gaseous and liquid fuels. Due to its high reactivity, carbon atoms do not usually exist in a pure form, but as parts of other molecules. CO2 is one of the most prevalent and basic sources of carbon atoms.
The company’s CO2-to-Fuel approach lies in a proprietary multi-step bio-catalytic process using inexpensive, renewable bio-molecules to catalyze certain chemical reactions required to transform CO2 into basic hydrocarbon building blocks.
Other alternative fuel technologies, such as fuel cells and hydrogen, require substantial infrastructure changes in order to meet the energy and climate challenge. However Carbon Sciences tackles the problem at its root by using CO2 as the basic raw material for clean energy.
HERE is the answer! I'm behind this one...