Sunday, November 28, 2004

Yahoo! News - Carbon Sequestration in Disused Texas Oil Fields

Yahoo! News - Carbon Sequestration in Disused Texas Oil Fields:

"In the depleted South Liberty oil field near the town of Dayton, a University of Texas team successfully pumped 1,600 tonnes of carbon dioxide -- the principal greenhouse gas -- into the reservoirs of briny water more than 5,000 feet underground."

"With Russia's ratification of the Kyoto Protocol (news - web sites) earlier this month clearing the way for the environment pact to come into force in February and the start of the European Union (news - web sites)'s carbon dioxide emissions trading market just a month away, demand for methods for eliminating or storing the gas are on the rise."

"A preliminary estimate of the amount of carbon dioxide storage capacity along the coast regions of the Gulf of Mexico put the figure at about 300 billion tons -- enough to hold 1,000 years of pollution from the region at the current rate."

This seems a long way from application, but might prove to be useful knowledge for development.

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