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 ExxonMobilâ€™s proprietary methanol to gasoline process.
Byron Elton, CEO of Carbon Sciences, noted that the commercial viability of CABNâ€™s breakthrough becomes apparent as more forward thinking companies adopt natural gas technologies to make transportation fuels. Elton said that CABNâ€™s CO2-based natural gas technology could be a very good frontend solution for users of ExxonMobilâ€™s methanol-to-gasoline process.