Engineering company designed system to convert CO2 into gasoline

Friend just told me about this. Hopefully it can be put into practical use. World changer is so. Produce fuels, reduce CO2, less/zero reliance on foreign oil. I assume we would still need crude oil for the production of other oil-based products (lubricants, kerosene, plastics, etc)

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Scientists at a company part-owned by Bill Gates say they've found a cheap way to convert CO2 into gasoline

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Scientists discovered a new technique that pulls carbon dioxide out of the atmosphere, and converts it into liquid gasoline, diesel or jet fuel.

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A similar process could be used applied to trap greenhouse gases, reducing the amount of heat-trapping substances in the atmosphere

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Canadian clean energy company Carbon Engineering, in partnership with researchers from Harvard, used little more than limestone, hydrogen and air for the process, which can remove one metric ton of CO2 for as little as $94, the scientists say. It cleans up the environment, and produces eco-friendly liquid fuel at the same time.

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"Until now, research suggested it would cost $600 per ton to remove CO2 from the atmosphere using DAC technology, making it too expensive to be a feasible solution to removing legacy carbon at scale," David Keith, Harvard Professor and founder of Carbon Energy said in a statement. "We now have the data and engineering to prove that DAC can achieve costs below $100 per ton."

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The technique has been removing CO2 from the atmosphere since 2015 from a small pilot plant in Squamish, British Columbia. Carbon Engineering is seeking funding to build an industrial-scale version of the plant, which Keith told the Atlantic the company can complete by 2021.

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CNBC Link