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ALTERNATIVE FUEL * USA - Carbon Capitalists Grab Gas From Pig Waste in Evangelical Quest
COL,USA -Bloomberg, by Lisa Kassenaar -Nov. 7, 2007: -- Bill Townsend, a one-time Texas oilman, gazes up at a dark-red smokestack jutting from the cracked clay of southern Colorado and shakes his head. The chimney is connected to a small plant that processes natural gas from the surrounding plains. About 25 percent of the gas is methane, which is separated out and sold to Colorado Interstate Gas Co.... Most of the rest is carbon dioxide, which, on this August morning, climbs the stack and pours into the cobalt-blue sky... This plant, the brainchild of Townsend and his partner, Greg Spencer, is ready to sell its CO2, a major cause of global warming. Yet $7 million in new equipment to ship the gas sits idle because oil company BP Plc has yet to open part of a 400- mile (644-kilometer) pipeline that will take it to West Texas. .. In early September, BP allowed him to open the valve that lets his CO2 gas stream south. The project took longer than expected to be completed safely, according to BP spokeswoman Sarah Howell... For Townsend and Spencer, the connection means tons of new pollution credits to sell to future customers -- and more fuel for their mission to make money and save the planet... (Photo by Ian White/Bloomberg Markets via Bloomberg News: Bill Townsend, left, chief executive officer, and Greg Spencer, president, both of Blue Source LLC, pose near La Veta, Colorado, where they have a contract to market the CO-2 pollution credits generated by a local natural gas producer on Aug. 14, 2007)Labels: alternative fuels
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