Current Resources
Many of the world’s chemicals and fuels are derivatives of crude oil. Oil is a finite resource whose production is projected to peak sometime during the next 20-40 years.
Although that sounds like a long way off, in production terms, it means alternatives need to be developed now so that they can be in place in plenty of time before incremental oil volumes reduce and prices rise.
The key is to find sustainable and economically viable alternatives to fuel and other oil derived products.
Alternatives
Much new sustainable technology development is focused on alternatives to energy production, such as solar, wind and wave power. Whilst these may provide alternatives to large-scale energy generation, they do not solve the problems associated with mobile energy consumption such as automobiles nor finding a replacement to the raw material for the world’s chemical industry.
TMO’s approach is to develop methods of using biomass (a general term for all plant matter) as a raw material for the creation of valuable liquid fuels and special chemicals. The Products and Services section contains more information on the individual strands we are pursuing in this regard.
The attraction of using biomass is obvious. It presents an inexhaustible and inexpensive raw material that harnesses the power of the sun. In particular research is ongoing into utilizing waste biomass (such as straw, wood pulp and sawdust) and specialist crops (corn, rape seed etc.) selected for their high yields.
TMO
TMO’s proprietary technology will enable it to produce liquid fuels and basic chemicals at very competitive prices and in a manner that is very compatible with the environment. Other benefits include:
· Resource Location & Extraction – Oil companies are spending billions of dollars in locating new sources of oil to replace older fields that are becoming exhausted. These wells are in tougher environments and create more environmental problems than is desirable. Biomass is an alternative and sustainable source of raw material that enables the production of many of the same commodities.
· Farm Incomes – Governments around the world are actively seeking ways to boost farm income and production without undercutting food prices. Biomass can not only provide additional farm income, but could also provide an alternative to food production for farmers creating a long-term and sustainable future.
· Producer Economies – As oil prices rise, so will the cost of producing liquid fuels and chemicals. A sustainable and renewable alternative raw material will provide significant long-term economic benefits to producers.