Eats Up CO2 and Creates Useful Energy All At The Same Time

A materials scientists has recently disclosed some startling findings after an experiment where he discovered a way through chemical reactions to eat up carbon dioxide and at the same time create a solid very useful material full of energy.

Now creating a solid from carbon dioxide is nothing new but here is the important aspect to this: What usually happens when creating a solid from fossil fuels like oil and natural gas is the release of more carbon dioxide into the atmosphere then you started with.

This release of even more CO2 into the atmosphere defeats the purpose of creating the solid filled with energy if it is creating more of a CO2 hazard. The governments at this point will not approve of anything that will result in more unwanted CO2 then is necessary.

What Michigan Technological University was able to do is to develop a heat releasing reaction between carbon dioxide and Li3N that forms two chemicals: amorphous carbon nitride (C3N4), a semiconductor; and lithium cyanamide (Li2CN2), a precursor to fertilizers.

The team of scientists led by professor Hu found that the reaction converts CO2 to a solid material which is useful in and of itself.

The really exciting part is that the solid CO2 material is full of energy and when adding CO2 to less than a gram of Li3N at 330 degrees Celsius you get surrounding temperatures of energy that is 1,000 degrees Celsius, or 1,832 degrees Fahrenheit, which is about the same temperature of lava exiting a volcano. The publication is available at The Journal of Physical Chemistry

Now I am yet to be concerned that man is creating a horrible global warming scenario that will kill the earth of all living things in the next 20 years as some alarmists keep reporting.

This latest scientific breakthrough however, is a great thing in helping the environmental activists and their causes as there is a meaningful practical value this latest carbon capture experiment offers the world.

If the activists would spend more time on creating solutions like these I think their cause would be accepted a lot easier. Think about it, let’s spend money capturing CO2 emissions and at the same time use that physical carbon dioxide solid created through the process to create tons of cheap affordable energy. Both industry and environmentalists seem to win in this situation regardless of what extreme ideas they might hold to.

TXU Parent Gets Burned Again!

Energy Future Holdings is the Dallas based company that controls TXU and if you remember was the entity purchased in the largest leveraged private equity buyout in U.S. history. The Energy Future Holdings private equity buyout now ranks as the number 2 biggest ever as RJR Nabisco beat them out. The deal was a cool $44.37 billion to buy up Energy Future Holdings by buyers KKR, TPG, and Goldman Sachs.

The former secretary of the state was appointed to run this big massive company and now facing a 5th consecutive quarterly loss I start to wonder about the too big to fail concept. Is this loan guaranteed by the government in one way or another. How does this get handled if government has to step in?

I kind of doubt these companies would get into this buyout if there weren’t some pretty strong guarantees in place for this leveraged loan.
Being burdened by all this debt Fitch Ratings downgraded Energy Future Holdings’ debt to 8 levels below junk and said a default is very likely a possibility.

The company faces increasing troubles in trying to generate cash and their debt is only going up along with their interest payments. Sales fell 27% to $1.22 billion in the first quarter and interest expenses increased 22% to $785 million from a year earlier.

I wonder who has a protective stake in this buyout and what investors will end up being screwed? The report seemed to blame falling power prices on EFH’s downfall so far. I wonder if the problem has anything to do with the EPA and environmental activists that stopped all those state of the art coal power plants that were expected to be built by TXU?

Power generation is a big part of the EFH business. Their retail side, TXU, sells retail electricity service but this is a carefully balanced business that has other worries unrelated to the generation side of the business.

Trying to keep this big company going with all the government regulation and competitive deregulated market in Texas seems like a huge undertaking and add to that the pressure of all that debt.

I see this as a long uphill climb into positive territory.

NRG Energy The Company That Owns Reliant Buys Green Mountain Energy

NRG Energy just bought Green Mountain Energy for $350 million dollars.

NRG Energy is the New Jersey based power generation company that bought Reliant Energy not that far back.

So Green Mountain Energy and Reliant Energy are now under the same corporate umbrella known as NRG Energy. Very interesting development.

I wonder what the Green environmental activists will have to say about a power generation company buying “Green” Mountain Energy?

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