Transforming Waste Plastic Into $10/Barrel Fuel
Mike writes "Today Washington DC-based company Envion opened a $5 million dollar facility that they claim will be able to efficiently transform plastic waste into a source of oil-like fuel. The technology uses infra-red energy to remove hydrocarbons from plastic without the use of a catalyst, transforming 82% of the original plastic material into fuel. According to Envion, the resulting fuel can then be blended with other components, providing a source for gasoline or diesel at as low as $10 per barrel."
And in other news, a new law was finally passed making it legal to beat fraudsters to death with copies of their SEC filings.
The world's burning. Moped Jesus spotted on I50. Details at 11.
And the other $100k built the non-impressive looking "facility."
You don't get major politicos (he preceded Cheney as the Secretary of Defense and is a former National Security Advisor) like Carlucci as your "chairman emeritus" without throwing them a serious bone. I guess they've got designs on some government boondoggle or they would have used that money on Aeron chairs.
If turning waste plastic into fuel was cost effective, they'd be doing it already.
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