• Oil generation from recycled waste |
Energy 2005-09-18 |
"TCP technology taps into one of the world's richest sources of energy: waste by-products. In the U.S. alone, agricultural waste has the potential to produce over 4 billion barrels of oil per year, and that's just the beginning!" ConAgra Foods, Inc., one of North America's largest packaged food companies, has entered into a joint venture with CWT to commercialize technology that converts organic waste materials into valuable natural resources like oils, gases and carbon... "This is our first-out plant, and we estimate we'll make oil at $15 a barrel. In three to five years, we'll drop that to $10, the same as a medium-size oil exploration and production company. And it will get cheaper from there."
Note that the process can also safely handle ANY mixed municipal waste including plastics, paper, chemicals, and sewage sludge.
(Here's a recent update showing that the plant did not live up to these rosy projections)