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Flamini - soon to be a Billionaire ?

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If this is not some kind of early April Fools joke, it's fucking amazing. What a crazy world we live in!
 
If it really is something that can replace fossil fuel, and they've patented it, the article's suggestion of it being a $30 billion business seems awfully small. Unless it's more expensive.
 
If it is true then they could easily sell the patent for more than £500 billion. The sheikhs in the middle east would offer them that and then stop it being used.
 
If it is true then they could easily sell the patent for more than £500 billion. The sheikhs in the middle east would offer them that and then stop it being used.
I'm not sure he would agree to the sale.
 
Sooner or later they would start using it anyway as their oil isn't going to last forever and they need a new source of income. Plus they could undercut other oil suppliers and push the green agenda once it starts suiting them.
 
I'm not sure he would agree to the sale.

My point is that they would be the richest men in the world. They will also need protection 24/7 if they refuse to sell. It is also yet another thing from the movie back to the future part II.
 
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If he has a novel method of production, i.e. a method that can do it in less steps or whatever, he might be able to patent that.

@dantes will know better.
He can probably patent part of the production process yes if it is innovative enough. There seems to be nothing stopping other firms producing though. They just seem to be the first to market.
 
He can probably patent part of the production process yes if it is innovative enough. There seems to be nothing stopping other firms producing though. They just seem to be the first to market.

Once it becomes commercially viable, the Chinese will find a way to do it cheaper and less ethically...
 
So this stuff can be used to create energy? And more energy than it takes to fabricate? This article suggests its a precursor for biofuel, but how exactly does it become bio fuel?
 
So this stuff can be used to create energy? And more energy than it takes to fabricate? This article suggests its a precursor for biofuel, but how exactly does it become bio fuel?

It's already bio, as in biologically created, rather than geologically created like fossil fuels.

Now they just need to make sure that it is cost effective, which is your second question above.
 
It's already bio, as in biologically created, rather than geologically created like fossil fuels.

Now they just need to make sure that it is cost effective, which is your second question above.

So it's already a biofuel? As in they can stick it in a combustion engine and make power? The wording "precursor of biofuel" suggests its something before that, and that's what was confusing me.
 
So it's already a biofuel? As in they can stick it in a combustion engine and make power? The wording "precursor of biofuel" suggests its something before that, and that's what was confusing me.

Technically it is, but I think they are saying that as it's not confirmed to be commercially viable yet, which is what we tend to mean when we talk about biofuel.

At present, it's just got a potential of being one, and if it's not on it's own, it might lead to something else that is.

I reckon it's a long way off, the only reason it's in the news is because Flamini is involved.
 
It'l be interesting when this starts becoming mainstream how it's handled.

I'd like to think that they'd give certain cars (classics) exemptions, then start the process of enforcing conversions over a couple of years with government grants to help (alongside a new scrappage scheme), but I doubt it will happen sadly.
 
It'l be interesting when this starts becoming mainstream how it's handled.

I'd like to think that they'd give certain cars (classics) exemptions, then start the process of enforcing conversions over a couple of years with government grants to help (alongside a new scrappage scheme), but I doubt it will happen sadly.
That will never happen, the only way it'll ever become mainstream is if it becomes cheaper than fossil fuel, that's the sad reality of the matter.
 
That will never happen, the only way it'll ever become mainstream is if it becomes cheaper than fossil fuel, that's the sad reality of the matter.
With estimates of less than 30 years oil reserves (cheaply produced oil at least) left, that may not be that long, cos over the next decade that oil price is gonna shoot up.
 
With estimates of less than 30 years oil reserves (cheaply produced oil at least) left, that may not be that long, cos over the next decade that oil price is gonna shoot up.
As the cheap oil runs out, the oil companies will just find ways to make the hard to access oil cheaper to access, as has always been the case, I can't ever see it changing unless a big player, someone like Elon Musk, or some other entrepreneur who's not in the oil business, can front a green technology which is substantially cheaper, and get the ball rolling. I still think that fusion will be the answer, whenever science allows it.
 
As the cheap oil runs out, the oil companies will just find ways to make the hard to access oil cheaper to access, as has always been the case, I can't ever see it changing unless a big player, someone like Elon Musk, or some other entrepreneur who's not in the oil business, can front a green technology which is substantially cheaper, and get the ball rolling. I still think that fusion will be the answer, whenever science allows it.
I'm not so sure. If something like this, a man made biofuel that works on the same principle, can be mass produced then it should be only a matter of time before it can undercut oil.

The obvious benefits are that it should be very simple (relatively speaking) to retrofit existing engines & equipment, which would be a huge factor.
 
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Our process has a unique reactor technology, which allows feedstock flexibility – a wide range of biomass can be used, including cellulosic waste. GFBiochemicals also developed a new technology for the recovery and purification of levulinic acid. The continuous process produces formic acid and char which are recovered. This leads to a combination of high product yields, high productivity, concentrated process streams and efficient recovery.

Yeah, I'm thinking it's not worth $30bn.
 
So they've got a more efficient way of turning waste from crops etc Into fuel? Is that it?

Yes. So it's not cleaner. It's just sustainable if you turn off your brain and use an economic definition of sustainability. There's lots of other forms of biofuel that are already better established. The unhelpful side effect is that instead of growing food for starving people, the farmers grow it for fuel, waste land to do it, and waste precious fresh water to make it grow. All round captain planet type logic.
 
Yes. So it's not cleaner. It's just sustainable if you turn off your brain and use an economic definition of sustainability. There's lots of other forms of biofuel that are already better established. The unhelpful side effect is that instead of growing food for starving people, the farmers grow it for fuel, waste land to do it, and waste precious fresh water to make it grow. All round captain planet type logic.
Can they not use the chaff etc so that food is still being produced and the waste is turned into fuel? Or do you mean they will just use it all for fuel instead?
 
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