Energtek, Inc., a world leader in the development of ANG (Adsorbed Natural Gas) technology, expects a major boost from the administration’s call for a reduction in dependency on foreign oil. The energy portion of the Economic Stimulus Bill now being implemented is geared toward saving more oil than is currently being imported from the Middle East and Venezuela combined, and to do so within the next 10 years.
Adsorbed Natural Gas technology is the use of microporous material to significantly improve the efficiency of natural gas (NG) storage and transportation. Basically, ANG allows a larger volume of natural gas to be stored without increasing pressure or the size of the container. However, it has, until recently, involved a number of technical obstacles that have limited its competitive application. Energtek, through its pioneering research, has now managed to solve key problems relating to ANG, leading to the first commercially efficient system of ANG storage.
This is good news for those looking to end America’s reliance on foreign oil. Nearly 60% of the oil consumed in the U.S. is used by the transportation sector, and most vehicles currently running on gasoline can also run on natural gas, of which the U.S. has significant supplies. But there is another major advantage to natural gas. It is the world’s cleanest fossil fuel, greatly reducing greenhouse gas emissions. And it’s also cheaper than oil.
Lev Zaidenberg, Energtek’s CEO, summarized some of the reasons behind the increased attention being paid to natural gas. “NG is cheaper, cleaner and there are proven reserves to power the country’s enormous automotive fleet for the foreseeable future. No other energy source, including renewable fuels, can be implemented as quickly and completely into the motor vehicle market as NG.”
The seemingly inevitable swing toward natural gas, now encouraged by government policy, shines a bright light on Energtek. Its proprietary technologies are of value not only to this country, but to markets around the world.
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