Using our patented technology we believe
that it is possible to develop a crop plant that produces a fully functional
and environmentally benign motor oil.
This will have a major impact
on the ability of western countries to reach emission targets for greenhouse
gases as contemplated by the Kyoto Protocol.
Studies have shown that
using an oil that can be produced in a genetically modified oilseed
crop can reduce emissions in the average car by almost 300lbs annually.
Recent research into the application
of vegetable-based engine oils has turned in some startling results.
Using a high oleic oil (such as that made in canola) mixed with castor
oil and some long chain vegetable esters, engine emissions can be significantly
reduced.
At both Montana State and Pennsylvania
State Universities results have shown that vegetable-based engine oils
can significantly reduce emissions. One researcher estimated that
based on January 2002 emission prices, using this oil can create a combined
emission credit of as much as $600US per automobile per year. These
estimates include nitrous oxides, carbon sources, volatiles, particulates
and hydrocarbons. While this estimate may appear high, large US
cities are expected to pay particularly high prices for emission reductions.
This proven vegetable-based
engine oil has been tested and used for the past several years. It relies
on castor oil as a key ingredient. With a 10% penetration of just
the US market for engine oil alone, this single application would require
over one million acres of modified crops annually.