by Graeme » Mon 14 Jan 2008, 21:21:24
Obama, Huckabee, Clinton, Rockefeller and Romney Support Coal-to-Liquid Fuel$this->bbcode_second_pass_quote('', 'S')ilverado Green Fuel Inc. is at the forefront of one of the U.S.'s highest priorities in domestic energy supply and security, namely coal-to-liquid fuel.
"The endorsement from most Presidential candidates and key U.S. political figures, and the recent (Dec/07) U.S. Energy Bill's $2.2 billion in tax incentives for clean coal technology applications are sure signs that Silverado is in the right place, and at the right time," states Garry Anselmo, Silverado's President and CEO. "Silverado Green Fuel uses low rank coal. America has centuries of domestic supply of low rank coal, an underutilized energy resource." The company has a proven process to produce green fuel, equivalent to crude oil, but commercially created without any CO(2) or harmful environmental emissions in the production process. "And at less than one fifth the cost of crude oil," he adds.
Plans are underway for a $26 million Demonstration Plant in a joint venture with the State of Mississippi.
Silverado Green Fuel is commercially produced without releasing any harmful emissions into the air. Initial production costs are estimated at under US$15 per barrel, on an oil equivalent energy basis, compared to current $90 - $100/barrel crude oil prices.
Green Fuel can be used to power oil-fired power plants directly, or be used as a feedstock for further processing to produce transportation fuels (jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic petrochemical feedstocks, urea), industrial products (oils, lubricants, synthetics) and even consumer products (plastics, packaging, etc.). Silverado Green Fuel can also be further processed to produce pure, clean hydrogen to power fuel cell automobiles and electrical generation (power) plants.
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Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.