SANTA BARBARA, CA -- (Marketwire) -- 05/14/12 -- Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to make transportation fuels, hydrogen and other valuable products from natural gas, today responded to comments made by key Royal Dutch Shell executives about the future role of natural gas and the importance of catalyst technology.
In an exclusive interview published by Oil & Gas Middle East on May 8, Wael Sawan, the new man at the top for Shell in Qatar, commented on energy demand and the role of natural gas, "At Shell, we believe global energy demand is likely to double in the first half of this century. This demand will be driven by a rising global population, which has just reached 7 billion on its way to over 9 billion by 2050, and by strong growth in the emerging economies. To keep pace with demand, the world will need to invest in excess of $1 trillion per year globally in the total energy supply chain."
Mr. Sawan continued, "While renewables are expected to play a growing part of the overall energy mix, fossil fuels will still represent over 60% of the total by 2050. At the same time, the world must manage its CO2 emissions to avoid the worst consequences of climate change. Under these circumstances, the case for natural gas is clear."
New technology will play a significant role in the use of natural gas. Shell's chief executive Peter Voser recently disclosed that the company had already learned from the experience of building the world's largest gas-to-liquids (GTL) plant in Qatar, and has developed a new generation of catalysts which will be able to build more compact and less expensive GTL plants in future.
Responding to these comments, Byron Elton, CEO of Carbon Sciences, stated, "We have great respect for Shell as a leader in the natural gas industry. The views expressed by their key executives confirm the validity of our business opportunity. We believe that Carbon Sciences' breakthrough technology can play a meaningful role in transforming clean, abundant and affordable natural gas into the useful products so desperately needed throughout the world today."
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