Central regions | Energy, utilities | Technology & innovation
Breakthrough fuel production technology aired; 50% cost cut expected
12 Oct '12
Russian scientists have developed a new natural gas based technology which will nearly halve the cost of today’s vehicle and aircraft fuel production, news agency RIA Novosti reports citing Nikolai Laverov, vice-president of the Russian Academy of Sciences (RAS).
“There is such a project… that will be a normal fuel, including aircraft kerosene and automobile gasoline, but made from natural gas. Today vehicles use compressed gas; but in our project we use the high grades of gasoline and kerosene,” Mr. Laverov said.
“The Russian natural gas reserves are much larger than those of oil, and the project is therefore a critical one,” he added.
The RAS vice-president declined to specify where the new technology has been developed for reasons of “incomplete patenting,” but said that “it is one of the RAS institutes.”
“The technology enables to produce fuels that are 50% more economical than those made today. Similar technologies do exist elsewhere in the world, but they are much more expensive,” Mr. Laverov concluded.