Switching feedstock from naphtha, derived from oil, to ethane, derived from gas, has kept petrochemicals cheap even as oil prices have peaked.
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The reason: Hydrogen engines can run on fuel derived from natural gas more cheaply than other currently available feedstocks.
So, a hydrogen fuel-cell car even running ... on hydrogen derived from natural gas cuts that carbon emission by 60%.
Energy derived from natural gas and coal-fired power plants, for example, creates more than 10 times more hazardous waste than the same energy created by a solar panel, according to Mulvaney.
The air force is working to certify all its aircraft to use synthetic fuels made from gas derived from coal or biomass, using the Fischer-Tropsch method used by Germany during the second world war.
Earlier this week, Honda produced the first commercial hydrogen fuel-cell vehicles, which will rely on natural gas-derived hydrogen for fuel and will be leased for use in Los Angeles.
It had the good fortune over the past year of seeing the price of ethylene, a basic component for plastics that is derived from oil and natural gas, rise 35% to 55 cents a pound.
The idea is that it would be fed hydrogen and carbon dioxide, derived, perhaps, from natural gas, which has been discovered in great quantities in the U.S. and elsewhere recently.
To calculate the percentage of average household income in each state that goes toward gas, median incomes derived from 2004 Census Bureau figures were compared to the average annual household expenses for gasoline.
They both derived their income from the oil and gas industry.
Both approaches involve investments in the billions and rely on a healthy spread between low-priced natural gas and more costly petroleum-derived diesel.
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Unlike Freeport, which must bring in some of its natural gas and liquid feedstocks by ship and railcar, Ras Tanura's chemical plants will get their daily diet of some 40, 000 barrels of oil-derived naphtha and 70 million cubic feet of natural gas by (very short) pipelines.
The third selling point: Hydrogen could, in principle, deliver energy independence to every nation because it can be derived using any number of sources-including oil, natural gas, nuclear fission, coal, hydroelectric power and wind.
Siluria creates catalysts that convert natural gas into fuels and chemicals it says are indistinguishable from oil-derived equivalents.
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Originally they were derived from coal-tar, the black viscous waste product left over from distilling coal for gas.
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It could include revenues derived from a yet-to-be created "cap-and-trade" system to curb greenhouse gas emissions.
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