2050 Motors, Inc. to Introduce Hydrogen-Rich Alcohol Fuel Engines to the United States
August 04 2015 - 8:30AM
InvestorsHub NewsWire
Las Vegas, NV -- August 04, 2015 -- InvestorsHub NewsWire --
Michael Hu, President of 2050 Motors, Inc. (OTCQB:
ETFM), announced today that the Company signed an agreement to
introduce hydrogen-rich alcohol fuel (HRAS) technology to the U.S.
Automobile Industry.
The HRAS technology was developed in China and has successfully
been incorporated into taxi fleets in China. The HRAS system uses a
proprietary catalyst in the fuel together with a patented
conversion system device that allows existing automobiles to run on
70% methanol (or ethanol) and 30% water.
Since methanol in China, as in the U.S., sells for $1.35 USD per
gallon, the fuel savings for taxi fleets in China are quite
significant. They are experiencing nearly the same fuel mileage on
the methanol/water fuel mixture as the original gasoline powered
vehicles. The fuel efficiency is provided by the conversion of part
of the alcohol/water fuel to hydrogen generated by the special
proprietary catalyst and waste heat from the exhaust system.
Independent dynamometer tests in China confirmed these remarkable
mileage results. 2050 Motors and its Chinese partners are in the
process of converting a new Honda Fit automobile that will be used
to certify these amazing results. Mileage verifications on the
Honda Fit will be conducted at a U.S. certified test facility.
Wall Street and the investment community will soon realize that
methanol can become a new fuel of choice in the United States very
soon for the following reasons:
1) Methanol presently is made from natural gas and the United
States has one of the greatest reserves and existing supplies of
natural gas in the world.
2) Analysts project that natural gas prices in the United States
will remain at present levels until at least the year 2030. The
number of new methanol facilities being built in the U.S. should
therefore increase significantly since methanol can be derived from
natural gas.
3) Lawmakers in the U.S. Congress understand this opportunity and
presently have sponsored several bills which are now being studied
in committees to allow methanol fuel to be used across the United
States.
4) Methanol burns cleaner than gasoline and diesel, and reduces car
emissions significantly. Although methanol contains roughly half
the energy of gasoline compared by volume (56,000 BTU/gallon versus
116,000 BTU/gallon), costwise it is less expensive than gasoline
even when compared by unit energy basis. It is also a better fuel
because methanol has a high effective octane rating (91 octane for
premium gasoline versus 107 octane for methanol); has a higher
flame speed than gasoline, leading to higher efficiency; has a
higher latent heat of vaporization (3.7 times higher than
gasoline), cooling the engine during fuel injection; burns cleaner
than gasoline; and is a safer fuel than gasoline in the case of
fire since it is more difficult to ignite, releases less heat when
it burns and methanol fires can be extinguished with plain water.
It can also be used in current cars blended with gasoline and
diesel (M85 and e-diesel).
5) Methanol can be produced from many sources including natural
gas, landfill gas, biogas and coal. It can be produced as a
renewable fuel from farm waste, wood chips or any other suitable
agricultural or municipal waste material.
6) The United States has one of the largest natural gas reserves in
the World. Natural gas automobiles have a range problem, methanol
fueled vehicles do not.
7) Methanol produced from renewable sources can be a substitute for
petroleum. It's a liquid that can be transported through existing
petroleum distribution systems; and is already used today on a
large scale as a raw material to produce numerous chemical products
and materials. In addition, methanol can be readily converted to
produce synthetic hydrocarbons and their products, currently
obtained from petroleum and natural gas. Accidental release of
methanol in a spill on the environment would cause much less damage
than a comparable gasoline or crude oil spill because it is water
soluble, which easily dilutes its concentration in the environment,
and is biodegradable by common microorganisms.
8) Chemical production pathways for methanol are fully developed.
These processes do not compete for food resources like ethanol
produced from corn. Cellulosic ethanol processes, which can derive
alcohol from agricultural waste, are still under development with
no commercial plants in operation.
9) In the HRAS process a modified internal combustion engine is
first started with a conventional fuel; hydrogen fuel is released
from water via a catalyst utilizing waste heat from the vehicle
exhaust; and finally, the methanol-water-hydrogen fuel mixture is
combusted in the engine with high efficiency and low emissions.
Mr. Hu stated, "We are in the initial stages of a paradigm shift to
clean, inexpensive, abundant fuel and clean-fueled, highly
efficient engines for automobiles, trucks and especially fleets
that refuel at central locations such as taxi cabs."
Higher compression ratios in internal combustion engines increase
efficiency because more air is being combusted and there is a
bigger volume in the expansion chamber for hot gasses to release
their energy. Present automobile engines have lower efficiencies
because their low compression ratios (10 to 1 compression ratio)
are limited by the octane of gasoline even for costly premium
gasoline. However, due to the cooling effect of methanol and its
anti-knock properties, it is now possible to design engines with
much higher compression ratios to give better efficiencies and
lower emissions. Many R&D teams at universities including the
prestigious Massachusetts Institute of Technology (MIT) agree that
when water is added to methanol higher compression ratios are
possible, approaching and exceeding those of normal diesel engines
(with a 20 to 1 ratio). The capabilities of these new high
compression engines include:
1) Efficiencies higher than diesel engines
2) More powerful engines per cylinder displacement volume
3) Extremely low emissions
4) Significantly lower fuel costs not dependent on oil prices
5) Methanol is produced from natural gas here in the United States
and will also eventually be produced from renewable sources.
It is interesting to note that Wikipedia states: "Methanol may be
viewed as a compact way of storing hydrogen. One m3 of methanol at
ambient pressure and temperature contains 1660 Nm3 (normal cubic
meters) of hydrogen gas (H2). This may be compared to liquid
hydrogen where one m3 of liquid hydrogen (LH2) at -253 °C contains
only 788 Nm3 of hydrogen gas."
The methanol economy is a suggested future economy in which
methanol replaces fossil fuels as a means of energy storage, ground
transportation fuel, and raw material for synthetic hydrocarbons
and their products. It offers an alternative to the proposed
hydrogen economy or ethanol economy.
Things are shifting toward methanol fuel in the European Union
also. Recently, Stena Line CEO Carl-Johan Hagman said the company
wants to pursue change and development in this industry because
methanol could be the "maritime fuel of the future." Stena Line is
a family owned business that has a fleet of 120 ships, including 52
tankers and 58 giant ferries. A report by Stena stated, all the
attributes stated above, including converting to methanol would be
considerately less extensive than converting to LNG. And methanol
can be stored on board as a liquid at room temperature and needs
neither cryogenic or high pressure tanks. Methanol requires
significantly less infrastructure costs to mention a few of its
attributes, including that it has great biodegradable properties
and significantly reduces carbon footprint.
In conclusion, it is easy to envision a bright future for the
methanol industry in the United States as is already happening in
China. 2050 Motors has the exclusive rights to introduce the HRAS
system to the U.S. market. The company will certify these results
at a US EPA certified test laboratory in the near future.
2050 Motors is interested in strong lightweight vehicles that can
be used as pure electrics, hybrids, fuel cell or high efficiency
alternative fuel vehicles. Our focus is on low carbon footprints
for today's cars. That vision does not include pure hydrogen cars
since hydrogen is not an energy source it is an energy carrier. It
does though include the more widespread use of methanol in our
country as a more mainstream fuel (a potential methanol economy if
you will).
About 2050 Motors, Inc.
2050 Motors, Inc., http://www.2050motors.com and
http://www.etfm.com, is a publicly traded company
incorporated in Nevada in 2012. 2050 Motors was founded to import,
market, and sell electric and gas powered carbon fiber vehicles
engineered and designed in Italy and China. 2050 Motors also has
the rights to assemble these vehicles in the United States as a
future enterprise. 2050 Motors has entered into an agreement with
Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu,
China, for the distribution in the United States of a new electric
automobile, known as the e-GO EV (electric vehicle). The e-GO EV is
a revolutionary new concept in the ever evolving world of electric
vehicles. It will be the only production line electric car with a
carbon fiber body and parts manufactured by a new process using
robotic machines which significantly reduces the fabrication time
and cost of carbon fiber components. The e-GO EV will seat five
passengers, have a long battery life, and high energy efficiency
rating up to 150+ MPG-E energy equivalent in urban driving due to
the light weight of the vehicle. The company is fully reporting
under the SEC EDGAR system.
Disclosure Statement
Statements in this press release about our future expectations,
including without limitation, the likelihood that 2050 Motors will
be able to leverage capital markets to execute its growth strategy,
meet US DOT requirements, meet minimum sales expectations, will be
successful and profitable in the US market, and will bring
significant value to 2050 Motors' stockholders, constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Litigation
Reform Act of 1995. Such forward-looking statements involve risks
and uncertainties and are subject to change at any time, and our
actual results could differ materially from expected results. The
Company undertakes no obligation to update or release any revisions
to these forward-looking statements to reflect events or
circumstances after the date of this statement or to reflect the
occurrence of unanticipated events, except as required by law.
Contact:
George Hedrick
2050 Motors, Inc.
Tel. 702-591-6029
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