Synthetic fuels from natural gas, coal and nonfood crop sources could end the need for the U.S. to import oil over 40 years' time and potentially halve greenhouse-gas emissions, according to a paper by the American Institute for Chemical Engineers written by Vern Weekman, a past president of AIChE. "Even including capital costs, synthetic fuels can still be profitable. These processes are competitive," said Richard Baliban.

Related Summaries