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."
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, hydrogen 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.
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