Garry Anselmo is completely serious when he says that his company, Silverado Green Fuel, can produce a liquid fuel for industrial boilers that will cost about the same as oil, if oil sold for $15 a barrel
For cars, he says the company’s processes can be used to produce barrels of “oil” for car fuel that will cost about half of what conventional oil costs today, which is around $50. What’s the secret? Coal, a word that makes most people’s flesh crawl. Silverado takes low-grade coal, pulverizes it and cooks it under pressure with water until it develops a waxy coating. The waxy coal particles are then reunited with carbon-infused water removed at an earlier part of the process to make a liquid fuel. So think of it as a coal latte.
One barrel of GreenFuel costs about $6, but it takes about 2.5 barrels to provide the same energy equivalent as a barrel of oil. Hence, the $15 a barrel figure.
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