Could Carbon Recycling Save the Utilities?
Companies like Mantra Venture Group Ltd. (MVTG) and Carbon Sciences, Inc. (CABN) have designed promising new technologies that could help utilities like Consolidated Edison, Inc. (ED) and PPL Corporation (PPL) not only reduce, but profit from their carbon footprint!
Mantra Venture Group Ltd. [[MVTG.OB]], a leader in the emerging carbon recycling industry, has a patent pending technology that uses electricity to combine carbon dioxide and water to create a number of valuable substances including formic acid, formate salts, oxalic acid and methanol. The technology is both a cost effective and money making proposition for utilities and other industries that produce a lot of carbon dioxide emissions.
In an industry where many demonstration projects aren’t expected to be up and running for another five years or more, Mantra Venture Group stands out as it has already completed a bench scale unit for its technology, developed by Professor Colin Oloman at the University of British Columbia, with a demonstration reactor expected to come online in 2010.
Increasingly, corporations around the world are being required to meet certain emissions standards. While some countries are able to offset their emissions with so-called carbon credits, these can prove to be a pricey recurring expense. Mantra Venture Group’s ERC solution can be installed within 3-5 years and provide $700 in revenues per ton of CO2 recycled.
Of course, utilities companies and power plants are most affected as they tend to generate substantial emissions. Many larger companies like Consolidated Edison, Inc. [[ED]] and PPL Corporation [[PPL]] may be forced to purchase “clean energy” technologies or carbon credits that could substantially eat into their profit margins over time.
Many clean technologies will not provide enough capacity to fuel the U.S. energy grid for the foreseeable future. In fact, coal power alone is expected to contribute to roughly half of all energy generation over the coming decades. As a result, technologies that directly address these dirty fuels without requiring substantial change hold enormous promise.
In the end, Mantra Venture Group’s unique carbon recycling solution shows great promise – particularly for utilities companies – as worldwide governments begin to enforce emissions standards. Not only does the ERC solution reduce carbon dioxide emissions, but also realize revenues from the initiatives that can help pay for the technology and cost-effectively reduce emission going forward.
Learn more about Mantra Venture Group’s technology…
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com