Wednesday, April 29

Audi Makes Fuel Out Of Water And Air?


Is Science amazing or what?!!!!!! Here is how CNN Money reports it below:

    The German automaker announced it has created the first batch of liquid "e-diesel" at a research facility in Dresden. The clear fuel is produced through a "power to liquid" process, masterminded by the German clean tech company and Audi partner Sunfire.

    The process uses carbon dioxide, the most common greenhouse gas, which can be captured directly from air. Carbon dioxide is created largely by burning fossil fuels and contributes to global warming. Now Sunfire said it can recycle the gas to make a more efficient, carbon-neutral fuel.
    Unlike conventional fossil fuels, the "e-diesel" doesn't contain sulphur and other contaminants. "The engine runs quieter and fewer pollutants are being created," Sunfire's Christian von Olshausen sai

    The fuel is produced in three steps. First, the researchers heat up steam to very high temperatures
to break it down into hydrogen and oxygen. This process requires temperatures of over 800 degrees Celsius (1,472 Fahrenheit) and is powered by green energy such as solar or wind power. Audi said using that's is more efficient than conventional techniques.
    Second, they mix the hydrogen with carbon dioxide under pressure and at high temperature to create so-called blue crude. Lastly, the blue crude is refined into fuels in a similar way fossil crude oil is refined into gasoline.
    Audi (AUDVF) said its lab tests have shown the "e-diesel" can be mixed with fossil fuels or used as a fuel on its own

    The new fuel was tested by German Education and Research minister Johanna Wanka last week. She put the first five liters into her official car, and declared the project a success.
    "If we can make widespread use of CO2 as a raw material, we will make a crucial contribution to climate protection and the efficient use of resources, and put the fundamentals of the green economy in place," she said.
    Sunfire said its plant is set to produce more than 3,000 litres of the "e-diesel" over the coming months. The company said it was aiming for a pre-tax price of between 1 and 1.20 euros per liter ($1.10 to $1.30), compared to the current German pre-tax price of around 0.6 euros per liter of gasoline.

Amazing !!!!!!

The firm concluded that the NNPC should refund to the government a minimum of $1.48 billion of missing oil funds, a figure many Nigerians believe is smaller than the likely actual figure.

The report however gave no strong and independent opinion of its findings despite saying the investigation was carried out using forensic techniques.

The firm instead listed a series of potential factors that could render its findings implausible, saying it had no access to the full account of some relevant agencies like NPDC, the upstream petroleum industry subsidiary of the NNPC.

The firm said where it lacked data, it turned to details of earlier investigations carried out by the Nigerian Senate, which all but cleared the NNPC, and the petroleum ministry of any wrongdoing.

"We did not obtain any information directly from NPDC, but in accordance with NPDC former Managing Director's (Mr Briggs Victor) submission to the Senate Committee hearing on the subject matter, for the period, NPDC generated $5.11billion (net of royalties and petroleum profits tax paid)," the firm said.

PricewaterhouseCoopers also said without an independent legal opinion, it relied on the legal advice of the Nigerian government's Attorney General (AG) on the subject of the transfers of various NNPC (55%) portion of Oil leases (OMLs) involved in the Shell (SPDC) Divestments which impact crude oil flows in the period.

"The AG's opinion indicated that these transfers were within the authority of the Minister to make. Thus, these assets were validly transferred to NPDC. The same AG's Legal Opinion also indicated that NPDC was to make payments for Net Revenue (dividend) to NNPC, which should ultimately be remitted to the Federation Account," PwC said.

Still, the PwC said that although it reviewed documents submitted by the key parties involved, its work was conducted independently, with its findings based on the review of documentation, analytical reviews of data, and interviews conducted.

The firm said with the exception of the Deputy Group Managing Director/ Group Executive Director Finance and Accounts of NNPC, the Auditor-General for the Federation, and the Minister of Petroleum Resources, it did not discuss the findings of the report with anyone.

It is not clear for how much the Nigerian government hired the audit firm that has now delivered a report which it said should not be relied upon by Nigerians and the global community.

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