Carbon Sciences Makes Another Move Toward the Production of Cleaner Gasoline (CABN)

Carbon Sciences (OTC: CABN) announced today that it plans to build a plant for the production of cleaner gasoline. Following this announcement, the company staged a solid rally in today’s over-the-counter market. The stock rose 17%, and closed at a share price of $1.03. Volume also traded significantly higher than its previous session, with 240,934 shares exchanging hands. Carbon Sciences now has a year-to-date gain of 28.8% in share price.

Today, August 14, 2012, Carbon Sciences announced the company’s plan of acting as the project developer of a production plant in the United States. The new project will be using ExxonMobil’s proprietary methanol for gasoline process.

The collaboration between Carbon Sciences and ExxonMobil can be tracked in press releases previously issued by Carbon Sciences. On July 10, 2012, Carbon Sciences announced that its clean CO2-based technology could produce synthesis gas from natural gas to feed operations using ExxonMobil’s proprietary methanol-to-gasoline process. Syngas is usually derived from petroleum. It is a type of industry standard feedstock used for making transportation fuels and other valuable products.

On Twitter, @pennystock24 mentioned that The Lightning Picks, Penny Stocks Finder, along with several others, promoted Carbon Sciences today. According to the 94 results found on stockpromoters.com, Carbon Sciences has received massive promotions since the stock went public. Five promotions listed are from today. Notably, BlueWave Advisors has been compensated $220,000 for the promotions from several of its wholly owned subsidiaries.

Other notable headlines for Carbon Sciences include:

  • June 19, 2012: Carbon Sciences revealed that new research confirms that the company’s carbon dioxide dry reforming catalyst technology can effectively use low value, high CO2 content natural gas.
  • June 11, 2012: Carbon Sciences commented on a report by The New York Times that banks and big investors have dramatically increased their financial commitments to green technology firms that address environmental concerns.

Carbon Sciences was incorporated on August 25, 2006. It is engaged in developing a technology to convert the greenhouse gas, carbon dioxide, into gasoline and other fuels. Its CO2-to-Fuel technology directly transforms CO2 and H20 into low-level hydrocarbons. These can be used to produce high-level fuels, such as gasoline and jet fuel.

The key to its CO2-to-Fuel technology lies in a multi-step process that uses renewable biomolecules to catalyze certain chemical reactions required to transform CO2 into basic hydrocarbon building blocks. This process occurs at low temperature and low pressure.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.