Planetary Resources announced on April 24 its ambitious plan to mine near-earth asteroids (NEAs) for raw materials. Despite delving into the realms of science fiction, several heavyweight financial backers have already been secured.
“Many of the scarce metals and minerals on Earth are in near-infinite quantities in space. As access to these materials increases, not only will the cost of everything from microelectronics to energy storage be reduced, but new applications for these abundant elements will result in important and novel applications”, said co-founder Peter H. Diamandis.
According to the company, a 500-meter platinum-rich asteroid contains the equivalent of all the platinum group metals mined in history; equally, I suppose a moon made of cheese would dwarf even France’s prolific industry…
And while the technology to mine asteroids is not currently in the realms of possibility, it hasn’t stopped forward-thinking billionaires from investing—Google executive chairman Eric Schmidt is already on board, which is good news as developing cost-effective exploration technologies will likely be at the heart of the company’s operations and no doubt a resource-sucking process of its own.
You’ve got to love the fact that someone is giving it a shot.
“The promise of Planetary Resources is to apply commercial innovation to space exploration. They are developing cost-effective, production-line spacecraft that will visit near-Earth asteroids in rapid succession, increasing our scientific knowledge of these bodies and enabling the economic development of the resources they contain”, said Tom Jones, veteran NASA astronaut and Planetary Resources adviser.
Avatar director James Cameron is also on hand to advise—perhaps by giving projects suitably science-fiction-fan friendly names, such as “follow-on Arkyd-300 Series NEA swarm expeditions”. Love it.
Planet Resources does ground itself in a degree of reality and has recognised the importance of water as a resource, noting that water-rich asteroids could serve as “stepping stones” for deep space exploration and make space travel dramatically more economical. “In addition to supporting life, water will also be separated into oxygen and hydrogen for breathable air and rocket propellant”, said Eric Anderson, the other co-founder.
In the meantime, resource shortages back on Earth must be met by other means, such as increased recycling of precious metals to both unlock the potential of our unwanted goods and feed our electronics addiction. Indeed, changing our consumer habits altogether by becoming more focused on sustainability should be on the agenda of all.
Investing in space exploration is certainly one option, but B> encourages you to support the rapidly increasing number of projects closer to home with a more immediate and direct impact. Read our new Guide to Sustainable Investment for more details and fill in our online form to be put in touch with a specialist independent adviser.
Like our Facebook Page
Is It Possible to Work in Tech Without Harming the Planet?
Zero Waste Living and Its Importance
Investing in a Sustainable Environmental Future for Northern Virginia
Prominent Trends in Seafood Sustainability in 2022
Sustainable Landscaping Tips for Your Property
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
Is the Hyundai i30 A Valuable Investment?
Is Couchsurfing a Good Option for Eco-Friendly Traveling?
How To Set Up A Sustainable Smart Home
- Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy12 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features11 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor