press release
May 14, 2012, 3:01 a.m. EDT
Shell Executives’ Comments Confirm the Validity of Carbon Sciences’ Business Opportunity
Exclusive Oil & Gas Middle East Interview Reveals Royal Dutch Shell’s View of the Future Role of Natural Gas and the Importance of Catalyst Technology
SANTA BARBARA, CA, May 14, 2012 (MARKETWIRE via COMTEX) — Carbon Sciences Inc. CABN +7.84% , 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.” read more
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