• 2 hours LNG Glut To Continue Into 2020s, IEA Says
  • 4 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 7 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 9 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 10 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls

Breaking News:

LNG Glut To Continue Into 2020s, IEA Says

Converting Carbon Emissions into Liquid Fuels

Converting Carbon Emissions into Liquid Fuels

It is pretty much unilaterally agreed that renewable energy is vital for the future of energy production, and with that in mind many companies are researching new ways of creating cheap alternatives to traditional fossil fuels.

One idea that is becoming more popular is capture and recycling of carbon emissions to create ‘syngas’ which can then be converted into transportation fuel.

One company researching this technology is Carbon Sciences from California whose chief executive, Byron Elton, admitted that, “whilst you can achieve the goal of making ‘syngas,’ using carbon to do so is not now commercially viable because it is still too expensive.”  Even so they are developing the technology and hoping that they can reduce the costs to be more competitive. As Elton says, “It would be a real game-changer.”

Elton has announced that his company are already in talks with all major oil companies about the installation of his technology, and believes that it could become a common process within five years.

Carbon Sciences would basically build a facility next to a coal or natural gas power plant, where they would take the carbon released when the fossil fuel is burned, and then eventually transform it into a petroleum product.

A syngas facility that would accompany a 500 megawatt coal power plant would cost about $250 million, and would take the 5,000 tons of carbon dioxide normally released into the air each day and turn it into 750,000 gallons of petroleum. At $250 million a bargain compared to an oil refinery which costs billions.

Another similar idea is using natural gas in a gas-to-liquids process to create petroleum, but sceptics say that it would be more efficient and less expensive to burn the gas to create energy directly. True, but not all systems that require energy can be fed by natural gas. Turning natural gas into liquid fuels means that vehicles don’t need to be converted to use compressed natural gas, and the abundance of shale gas in the US will mean that they will no longer rely on imported oil for producing their petrol.

Byron Elton said that, “the first big advantage of using natural gas as a feedstock in lieu of petroleum” is that “we have three times more natural gas than Saudi Arabia has oil. The ability to use domestic, clean, affordable natural gas combined with significant amounts of carbon to produce syngas for use in a gas-to-liquids plant offers extraordinary advantages over the current system.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News