Greentech Lead America: Carbon Sciences, provider of
complete solutions for transforming abundant and affordable natural gas into
gasoline that burns cleaner than petroleum-based gasoline, announced that it
will develop a gasoline production plant in the U.S.
The project will use ExxonMobil’s proprietary methanol to
gasoline process and Carbon Sciences will act as the project developer. Carbon
Sciences is now trying to obtain the necessary financing for the
project.
ExxonMobil’s
Methanol-to-Gasoline (MTG) process converts methanol into high quality clean
gasoline. MTG gasoline is fully compatible with conventional refinery gasoline
and can be either blended with conventional refinery gasoline or sold
separately with minimal further processing.
Integrated with other commercially proven natural gas to
methanol processes, MTG can produce gasoline from natural gas cost effectively.
“While we will be using ExxonMobil’s MTG process for
the last stage, the first and most expensive stage of transforming natural gas
into synthesis gas (syngas) and then into methanol is every bit as
important,” said Byron Elton, the company’s CEO.
Carbon Sciences is considering various options for the
supply of natural gas, including selecting a natural gas resource holder to
partner in the venture.
“We are continuing to develop our proprietary
CO2-based technology to enable a second generation GTL solution that will
produce even cleaner gasoline by using captured CO2 or low value, high CO2
content natural gas as part of the process. Our first GTL project will allow us
an opportunity to test our technology, which can then be used in subsequent
projects,” Elton added.
Carbon Sciences targets $150 billion hydrogen market with
breakthrough technology
Recently, Carbon Sciences said it is targeting the $150
billion hydrogen market with its breakthrough technology to make transportation
fuels, hydrogen and other valuable products from natural gas. The company
estimates that it can save the exiting natural gas-to-hydrogen industry
approximately $6 billion per year.
editor@greentechlead.com