At long last!In September, a privately held and highly secretive U.S. biotech company named Joule Unlimited received a patent for "a proprietary organism" - a genetically adapted E. coli bacterium - that feeds solely on carbon dioxide and excretes liquid hydrocarbons: diesel fuel, jet fuel and gasoline. This breakthrough technology, the company says, will deliver renewable supplies of liquid fossil fuel almost anywhere on Earth, in essentially unlimited quantity and at an energy-cost equivalent of $30 (U.S.) a barrel of crude oil. It will deliver, the company says, "fossil fuels on demand."
We are SAVED!
A big update on this project, Joule just secured a few sites for production.
Edit #2: 7/13/11Cambridge, Mass. - May 5, 2011 - Marking another milestone in its advance towards commercialization, Joule Unlimited, Inc. today announced the signing of a lease agreement providing access to 1,200 acres in Lea County, New Mexico, with the potential to scale the project up to 5,000 acres for production of renewable diesel and ethanol directly from sunlight and waste CO2. The agreement with Lea County is the first to be completed as part of Joule's production facility siting program.
They've crafted a board of strategy, including Ex-Monsanto members.
Update 1/23/2012Joule today announced the charter members of its strategic advisory board, encompassing wide-ranging expertise in oil & energy, biotech corporate strategy and international business leadership.
Joule's strategic advisory board is chaired by Cheryl Morley, who spent 26 years in a number of leadership roles with Monsanto Company, a global leader in the agricultural industry. As Senior Vice President of Corporate Strategy she oversaw mergers, acquisitions and Monsanto's venture fund.
Armen Sarkissian is a former Prime Minister of Armenia and the founding President of Eurasia House International, which fosters critical dialogue and cooperation among political and business leaders. A well-known civic leader, he holds honorary and executive positions in numerous international organizations, including the role of Chairman of the Global Council on Energy Security for the World Economic Forum.
Peter Tertzakian is Chief Energy Economist and Managing Director at ARC Financial Corp., where he is a member of the Executive, Investment and Strategy committees. His background in geophysics, economics and finance has established him as an internationally recognized expert in energy matters, as well as the best-selling author of A Thousand Barrels A Second and The End of Energy Obesity.
Update 4/23/13Joule today announced the appointment of two key executives to manage the company's roll-out of renewable fuel production facilities worldwide. .Peter Erich has joined as Executive Vice President, General Manager Commercial Operations, and will lead the team responsible for site development and technology deployment. Paul Snaith has been appointed to build and manage the related partnerships as Head of Business Development & Strategy. Both are veterans of the energy industry with long, successful track records in global management, product development and sales at several relevant companies, including Shell. This growing, specialized team will help to enable commercialization of Joule's fuel products to begin as soon as 2013.
I literally have no words.
Joule today announced another industry first in renewable fuel production: the direct conversion of waste CO2 into the essential components of gasoline and jet fuel. The breakthrough gives Joule the opportunity to expand its Sunflow™ product line and help address global demand for true hydrocarbon fuel replacements. In addition, the process uses waste CO2 as a feedstock, allowing industrial emitters to produce valuable fuels rather than discard emissions or employ costly measures for capture and sequestration.