Tuesday, November 22, 2011 1:28:15 PM
This is great news for MVTG!!!!
http://www.icenews.is/index.php/2011/11/16/worlds-first-green-methanol-factory-could-help-green-most-cars-in-iceland/
http://www.methanol.org/getattachment/Environment/Renewable-Methanol/Carbon-Recycling-International.pdf.aspx
http://en.wikipedia.org/wiki/Formic_acid
Larry confirms that the Icelandic system uses about 50% more electricity than the MVTG reactor to produce a much cheaper valued commodity product, methanol, that sells for far less than Formic acid!!! So if they can make money using more electrical input, to produce a cheaper retail priced Methanol product (formic acid sells for about $1400/ton), just imagine what the MVTG ERC technology can pull off financially.
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