Mantra Energy (a Canadian company) the holy grail for a Carbon Neutral World.
Mantra's technology, the conversion of CO2 to saleable chemicals (such as formic acid, syngas and others) is one of the few technologies which is business as well as environmental friendly. It reduces the cost of energy, it will create jobs and it will provide a carbon neutral environment.
Business friendly - with a Tax on Carbon in place and the cost of sequestration of carbon, businesses will be forced to raise it's prices on their products to cover these addition expenditures. By reducing Carbon emissions, Mantra's technology would remove the cost of a Carbon Tax and sequestration, as it would turn a waste product (CO2) to saleable chemicals. This at the same time make the business carbon neutral. This would add revenue to business which in turn would allow them to offer their products at a reduce prices.
Economically- business do what business do and pass on their added cost to the end consumer. This in turn takes money out the economy which leads to an economic downturn. Mantra's technology would eliminate those extra expenditures to businesses, thus allowing businesses to charge their customers less for their products. This would free up more expendable capital per individual which would be beneficial for the economy. An addition boost to the economy is that one of Mantra's main by products chemicals is syngas, which can be converted to diesel and home heating fuel. This will drive down the price of both diesel and heating fuel, benefiting businesses and the end consumer thous the over all economy.
Job creations. Mantra's technology takes wasteful CO2 and converts it saleable chemicals. It will create jobs because some one will have to build the units, someone will have to maintain the units, some one will have to sell the chemicals, someone will have to gather the chemicals and some will have to transport the chemicals. Jobs.
Cleaner energy future. At the very least Mantra's technology is carbon neutral but it also has the potential to greatly reduce carbon from the environment based on what chemicals it produces. I only state Carbon Neutral because certain chemical produced by Mantra's technology especially syngas (the most valuable one can be converted to diesel fuel) eventually will be burned, while others (example formic acid) takes carbon out of the atmosphere and when used puts none back.
Currently Mantra Energy is waiting to hear if it was approved for a grant to bring it technology from lab to market at the CCCI in Vancouver.
