SME Times is powered by   
Search News
Just in:   • 'Hong Kong trade fair an opportunity for Indian exporters'  • "Raising funds, hiring talents big challenge for SMEs"  • Africa's financial services sector presents opportunities: report  • Russia favours closer economic ties with China  • Trade, commerce to drive India-US ties: Modi 
Last updated: 07 Dec, 2012  

USA.Thmb.jpg 'Synthetic fuels could replace crude oil in US'

Crude oil
   Top Stories
» 'Hong Kong trade fair an opportunity for Indian exporters'
» Forex reserves rise to $309.44 billion
» Modi open to pan-India retail tax, pushes for jobs, infrastructure
» 'Media ignored PM's development pitch'
» 'Africa's financial services sector offers great opportunities'
SME Times News Bureau | 07 Dec, 2012
The US could eliminate the need for crude oil by using a combination of coal, natural gas and non-food crops to make synthetic fuel, suggest American researchers.

Besides economic and national security benefits, the plan has potential environmental advantages because plants absorb carbon dioxide to grow, according to researchers.

The US could cut vehicle greenhouse emissions by as much as 50 percent in the next several decades using non-food crops to create liquid fuels, the researchers said.

Synthetic fuels would be an easy fit for the transportation system because they could be used directly in automobile engines and are almost identical to fuels refined from crude oil. That sets them apart from currently available bio-fuels, such as ethanol, which have to be mixed with gas or require special engines.

Christodoulos Floudas from Princeton University, along with graduate student Josephine Elia and Richard Baliban developed a comprehensive system for optimizing the production of synthetic liquid fuels as an economical replacement for petroleum-based fuels.

"The goal is to produce sufficient fuel and also to cut CO2 emissions or the equivalent by 50 percent," said Floudas, professor of engineering and applied science.

"The question was not only can it be done, but also can it be done in an economically attractive way. The answer is affirmative in both cases," Floudas said.

Accomplishing this would not be easy or quick, Floudas said. A realistic approach would call for a gradual implementation of synthetic fuel technology.

Floudas estimated it would take 30 to 40 years for the US to fully adopt synthetic fuel. It also would not be cheap. He estimates the price tag at roughly $1.1 trillion for the entire system.

The research makes up an important part of a white paper recently produced by the American Institute of Chemical Engineers (AIChE), the nation's largest chemical engineering association.

In the paper, the chemical engineers call for a greater integration of energy sources and urge policymakers to consider chemical conversion processes as a potential method to produce cleaner and cheaper fuels.

"Right now we are going down so many energy paths," said June Wispelwey, the institute's director and a 1981 Princeton alumna. "There are ways for the system to be more integrated and much more efficient."

The paper was written by Vern Weekman, one of Floudas' co-researchers. Weekman, a lecturer at Princeton, is the former director of the Mobil Central Research Laboratories and a past president of AIChE.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
61.75
60.75
UK Pound
102.45
100.20
Euro
85.65
83.65
Japanese Yen 60.55 59.10
As on 20 Apr, 2014
  Daily Poll
At present, industrial slowdown is the biggest challenge to growth
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(5)
» Industry's revival, export momentum must for growth(5)
» MSME definition: Do we need a new one(2)
» Details of the 15th Lok Sabha election schedule(1)
» History of Lok Sabha elections(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter