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Carbonics Capital Corporation
http://www.carbonicscapital.com/
| Current Share Structure as of MAY 20th, 2010 Authorized shares - 10,000,000,000 as of JUNE 29th, 2010 Authorized shares - 10,000,000,000
Carbonics Taps Dr. Paul Miller for CEO The Board of Directors of Carbonics Capital Corporation (OTCBB: CICS) has appointed Paul T. Miller, Ph.D. to the position of president and chief executive officer.
Prior to his acceptance of the position of president and CEO of Carbonics, Dr. Miller was the founder and president of Sustainable Systems, an oilseed processing facility specializing in the production of high oleic vegetable oils for food applications. Dr. Miller has a hands-on understanding of the challenges faced by early stage development projects and companies including diverse experience in finance, sales, marketing, product development and operations. Dr. Miller earned a B.S. in Chemistry from Radford University and a Ph.D. in Chemistry from the University of Montana.
“Carbonics will focus on technological development and services that decarbonizes and increases efficiency within industry and commerce,” said Dr. Miller. “Our plan to build shareholder value involves the development and use of technologies that decrease carbon and energy intensity coupled with the monetization of those reductions to help drive our growth.” Carbonics’ first project involves its planned acquisition of the Sustainable Systems oilseed crush facility in Culbertson, Montana from GreenShift Corporation (OTCBB: GERS), and the restructuring and repositioning of this facility as a strategic location for the processing of carbon-neutral second generation feedstocks for biofuel applications. In addition, Carbonics intends to invest in the development of technology to manufacture carbon-negative third generation feedstocks for biofuel and specialty chemical applications.
Dr. Miller stated, “I am energized by Carbonics’ technology, services, business development and overall growth opportunities. It remains extremely important that the private sector continue to develop and invest in renewable energy, energy efficiency and clean technology that has diverse applications across industry and commerce. We are collectively, as a society, facing unprecedented challenges in the form of resource scarcity and global climate change. We believe that development of second and third generation feedstocks that help to streamline the flow of carbon through, out and back into commerce presents a compelling opportunity to contribute meaningfully to the resolution of these challenges.” |
The Earth’s natural carbon cycle is out of balance.
We produce carbon dioxide in just about everything we do, starting with breathing. An average person will exhale about 23 tons of carbon dioxide over an average life span of 70 years. The 6 billion people on our planet produce about 2 billion tons per year of carbon dioxide at zero industrial activity.
Fossil fuel combustion and other industrial processes release about 26 billion tons per year of carbon dioxide (containing 7 billion tons of carbon). While this represents only about 1% of the estimated total amount of carbon resident in the atmosphere, natural processes have not been able to balance out the increase.
This is evidenced by the fact that atmospheric carbon dioxide concentrations have risen 35% from pre-industrial levels of about 280 parts per million to the current level of about 380 parts per million.
While each new part per million of carbon dioxide in the atmosphere corresponds to a total of 7.7 billion new tons of atmospheric carbon dioxide, half of the carbon dioxide emitted into the atmosphere is absorbed into the Earth’s oceans and forests.
This means that human activity has released about 1.5 trillion tons of carbon dioxide (containing 420 billion tons of carbon) into the atmosphere since the dawn of the industrial era. The total amount of carbon dioxide in the atmosphere in the early 1800s was about 2.1 trillion tons; the total amount of carbon dioxide in the atmosphere today is about 2.9 trillion tons.
At current and expected rates of production, we will release another 2.7 trillion tons of carbon dioxide (containing 756 billion tons of carbon) during the next 50 years, and the total amount of carbon dioxide in the atmosphere will be about 4.3 trillion tons. This corresponds to an atmospheric carbon dioxide concentration of 560 parts per million, which is /double/ the pre-industrial concentration.
The Earth’s natural mechanisms for processing carbon dioxide are not keeping up with us. We need to help if severe climate change is to be avoided.
New technologies will be needed to stem the tide, reverse the flow and ultimately shut off the tap, but we can take action immediately. The first critical steps are simply to be smarter about how we consume fossil fuels and to use carbon-neutral fuels as much as possible.
http://www.greenshift.com/whoweare.php?mode=5
SEC Filings
Carbonics Capital Corp.
http://www.sec.gov./cgi-bin/browse-edgar?company=CARBONICS+CAPITAL+CORP&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
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(Updated 29 June 2009 - Lightbeam)
