ALICANTE, Spain (AFP) – In a forest of tubes eight metres high in eastern Spain scientists hope they have found the fuel of tomorrow: bio-oil produced with algae mixed with carbon dioxide from a factory.
Almost 400 of the green tubes, filled with millions of microscopic algae, cover a plain near the city of Alicante, next to a cement works from which the C02 is captured and transported via a pipeline to the "blue petroleum" factory.
"In a unit that covers 50 square kilometres, which is not something enormous, in barren regions of southern Spain, we could produce about 1.25 million barrels per day," or almost as much as the daily export of oil from Iraq, he said.
US oil giant ExxonMobil plans to invest up to $600 million in research on oil produced from algae.
Companies, in particular those in the aeronautic sector, have shown keen interest in this research, hoping to find a replacement for classic oil.
This is pretty incredible. An actual replacement for oil that is, in fact, oil. Just derived from an alternative source. No wonder EXXON is interested, it basically would keep the oil industry intact, just with new, artificial oil fields that use Carbon Dioxide as their source. this means a reduction in expensive exploration for oil reserves underground. All investments could be made at the surface, and it also solves one other problem: The issue of "cap and trade".
If this becomes a widespread thing, CO2 emmissions would actually be recycled to produce the oil we need. Although I still feel that the output of CO2 would vastly exceed the amount that is reinvested for oil, so I'm still in favor of emissions reductions, but the more we can find uses for the CO2 that we emit, the better it is for all of us. Plus, no more dependence on foreign oil.
As mentioned above, 1.25 million barrels of oil a day could be produced by one oil field alone. Get a few of these put in place in the united states and our dependence on foreign oil becomes a thing of the past.
What do you think?