The Challenge

Fossil Fuels

Energy security is becoming a topic of great concern, especially when observing global data and trends regarding energy supplies and usage. Since transportation is dependent almost purely on oil, and oil reserves are limited and finite, it is important to offer new affordable fuels in order to secure national security and price stability.

Global energy consumption continues to grow with global population growth, infrastructure expansion, and the further development of emerging economies like India and China. Conversely, fossil fuels, which provide more than 85% of global energy needs, are limited. Although new sources are frequently discovered, current oil reserves of about 1.5 trillion barrels will cover world energy demand only for the next 45 years.

Energy security, as well as increased oil price fluctuation during the last 30 years, make the development of independent, economical, and storable fuel a vital global objective.