What does that mean?  That means Ray Stenger and Jim Wasas turned heads recently by announcing they have discovered how to convert CO₂ and H₂S, two “bad actors,” into harmless compounds in a self-sustaining process.

“The SWAP is a process that can eliminate CO₂ by recycling waste, produce a negative carbon footprint and improve the bottom line…” was the message executives at the Houston Global Refining Strategies Summit (www.refiningna.com) heard for three days.

“SWAPSOL earned the biggest buzz I’ve ever seen at one of our shows,” said John Mackenzie, business development manager for World Trade Group, a leader in event production for the energy sector. “From Big Blue on down, it appeared company executives had to get in line to speak with these gentlemen about the science.”

The Stenger-Wasas Process (SWAP) www.swapsol.com is not about capturing and storing CO2 underground (CCS).  The SWAP converts and breaks CO₂ into its parts – parts that can be cycled back into the reaction to convert more CO_2.

Wolf Koch, Swapsol Director; Jim Wasas and Ray Stenger

Federal legislation to force lower emissions in the oil and gas sector and increase taxes for those who do emit CO₂ has industry executives deeply concerned.  They say it’s a fundamental question of survival with some gas leaders saying thousands of jobs will be lost.  Executives at SWAPSOL said they were thankful to be part of the discussion moving forward.

“Congress setting tough rules on carbon emissions in some way is inevitable,” said Evan Howell, SWAPSOL Corp. executive vice president for marketing and communications.  “As we build our company around the science, we’re talking with potential partners to develop what we see are a wide variety of commercial applications both in and outside the petroleum industry.”

Keynote speakers in Houston called for the industry to take a greater role in shaping legislation and make a greater commitment to investing in new and innovative technologies.

SWAPSOL is scheduled to present at the Global Refining Strategies Summit May 18-19, 2010, in Rotterdam where they will present the SWAP to industry executives from Europe, China and the Middle East.