Carbon Sciences Inc. (OTC:CABN) is under an e-mail promotion campaign today and has had volume that skyrocketed to nearly 6 million shares, as I write. I received the “teaser” e-mail last night and then the e-mail announcing the ticker symbol just before the bell this morning. In mid-day trading, shares of Carbon Sciences were up more than 8 percent at $0.09 per share. The Company has a market cap of $16 million and a 52-week range between $0.05 and $0.16 per share.
Carbon Sciences is the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels and 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.
Carbon Sciences 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, Carbon Sciences is 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 dependence on petroleum.
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