Shares of Carbon Sciences Inc. (OTC: CABN), developer of a breakthrough technology to make cleaner and greener transportation fuels and other valuable products from natural gas, are soaring in trading today.
At last check, CABN shares were trading 46.86% higher at $1.10 on above average volume of 471,072. The stock touched an intra-day high of $1.20 today.
CABN shares are soaring after the company made a major announcement related to its breakthrough technology. The company said that its clean CO2-based technology could produce synthesis gas from natural gas to feed operations using ExxonMobil’s proprietary methanol to gasoline process.
Byron Elton, CEO of Carbon Sciences, noted that the commercial viability of CABN’s breakthrough becomes apparent as more forward thinking companies adopt natural gas technologies to make transportation fuels. Elton said that CABN’s CO2-based natural gas technology could be a very good frontend solution for users of ExxonMobil’s methanol-to-gasoline process.
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