For the last two years, global oil prices have been in free fall. The crude prices fell from $100/barrel in June 2014 to less than $33/barrel in February 2016. And let’s face the harsh reality: fossil fuels are not going to last forever. Ultimately, at some point of time, they are going to exhaust. And then the question arises: What next? Alternate sources of energy like solar power, wind energy etc, may be efficient, but only in some particular cases. Moreover, they are most certainly cost-inefficient, and in turn, not feasible at a major scale.
An innovative mechanism that can be taken into consideration is that of converting energy (in a particular form) to a hydrocarbon fuel. Audi, a high-profile German automobile manufacturer, in collaboration with an energy technology company named Sunfire, has created a ‘green’ diesel fuel, thus putting forth a carbon neutral way of powering vehicles. Experts employed the use of renewable energy to convert carbon dioxide and water into a very specific form of crude oil known as the ‘blue crude’, which was then refined into diesel. It is common knowledge that carbon dioxide, a greenhouse gas, has an adverse impact on the environment, as it results in global warming. However, with this particular technology, it can be used as a raw material for making blue crude, along with the second base component, i.e., water.
As per the claims made, the entire process of producing blue crude, right from the onset to the very end, can be powered by renewable energy and an efficiency rate of 70% can be achieved. Further, blue crude can be refined to produce e-diesel, or it may be blended with regular diesel. Being synthetic in nature, this fuel does not contain any aromatic hydrocarbons, which acts as an incentive because the pollution levels are lowered.
This is an innovative, future-oriented technology, which will prove highly beneficial for all generations to come. Not only does this come across as a lucrative choice in the times when the oil market is fluctuating, but also causes relatively negligible harm to the environment, by cutting back on emissions. Furthermore, with global warming on the rise, and ozone layer on the verge of greater depletion, it is absolutely essential that carbon dioxide levels in the atmosphere are brought down. This technology provides an opportunity to do so, and an added incentive of producing energy at the very same time. The road ahead, therefore, is as bright as it could possibly be.