Another excerpt from CEO CFO Magazine Interview with Bill Smith
CEO CFO: Are there any types of environmental challenges or things to be aware of when you are doing the
processing?
Mr. Smith: Not really, because the rock processing is no different than mining stone for gravel. The biggest question people ask us is “What do you do with the carbon dioxide?” I tell them to Google CO2 H2, and they will find out that we can convert carbon dioxide into methane and make fuel out of it. As weird as this may sound, our emissions are fuel.
If we vented it into the environment, we would be releasing carbon monoxide and carbon dioxide and hydrogen into the atmosphere. If we run those through a GE turbine, we are producing electricity, and we will have cleaner emissions than if we run on natural gas by running that same gas through a gas-to liquids plant. This is proven 1920s-1940s technology, and we convert that gas into cleaner-burning jet fuel and petroleum
jet fuel.
“To summarize, our process cleans up waste coal piles, produces energy from them in the form of jet
fuel, and extracts rare earth elements and other valuable minerals in a way that is highly profitable and
cost-effective.” Billy Ray Smith
Our emissions are clean fuel, and that can be tough for a lot of people to wrap their heads around, but it’s 100% percent true.