SANTA BARBARA, CA -- (Marketwire) -- 03/05/12 -- Carbon Sciences Inc. (CABN), the developer of a breakthrough technology to make transportation fuels and other valuable products from natural gas, today announced that commercial test results of its high performance catalyst point to a substantial market opportunity. Ongoing commercial tests show stable operation and high conversion at a reduced steam to natural gas ratio of 1.5. A lower natural gas ratio can reduce steam usage up to 50% resulting in higher production at a lower cost for steam reforming plant operators and an annual gain in economic value of approximately $6 billion.
Steam reforming of natural gas is the primary method for producing over $150 billion per year of hydrogen for use in making the world's fertilizers and as a critical reactant in fuel and chemical processes. There are approximately 2,000 steam-reforming plants around the world using older generation catalysts that require a steam to natural gas ratio of 3. By reducing the steam to natural gas ratio to 1.5, less steam is used and more natural gas is processed in a greener and cleaner solution that saves energy costs, increases profits and reduces CO2 emissions.
Byron Elton, CEO of Carbon Sciences, commented, "These are the most exciting test results we've observed to date. Encouraging results this early in the test cycle gives us a greater sense of confidence that a commercial grade catalyst is well within our reach. Steam is a very expensive cost component in existing natural gas steam reforming plants. We estimate that by reducing steam usage by 50%, we can deliver $1.3 million per year in energy savings and $3.5 million per year in additional profits to a medium size steam reforming hydrogen plant -- with minimal equipment changes."
Elton continued, "In the $150 billion per year hydrogen market, we estimate we can deliver approximately $6 billion per year of economic value to operators of steam reforming plants. A big market provides a big opportunity and our business model calls for collecting a royalty fee for the use of our breakthrough catalyst technology. By reducing the cost of natural gas reforming processes, we will enable the world to reduce its dependence on petroleum by transforming abundant and affordable natural gas into gasoline, diesel and jet fuel, and other products, such as hydrogen, methanol, pharmaceuticals, solvents, fertilizers, pesticides and plastics. Clearly, this is a very big opportunity."
About Carbon Sciences Inc.
Innovating at the forefront of chemical engineering, Carbon Sciences is developing a breakthrough technology to make cleaner and greener transportation fuels and other valuable products from natural gas. Our highly scalable, clean-tech process will enable the world to reduce its dependence on petroleum by transforming abundant and affordable natural gas into gasoline, diesel and jet fuel, and other products, such as hydrogen, methanol, pharmaceuticals, solvents, fertilizers, pesticides and plastics. The key to this process is a breakthrough catalyst that can reduce the cost of reforming natural gas into synthetic gas (syngas), the most costly step in making products from natural gas. To learn more about Carbon Sciences' breakthrough technology, please visit www.carbonsciences.com and follow us Facebook at http://www.facebook.com/carbonsciences.
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.
Carbon Sciences Inc.
5511 Ekwill Street
Santa Barbara, CA 93111
Office: (805) 456-7000
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