Additional information is available at the end of the chapter http://dx.doi.org/10.5772/57560
. IntroductionThe development of economies results in increased energy consumptions, as observed in Figure . In the coming decades, the supply of such expanding demand will remain based on fossil fuels technologies. Expanding the share of renewable energy e.g., biofuels in the case of transportation fuels would require massive investments in creating a new infrastructure, which would eventually raise the standards to a new economic order entirely based on renewables in the near future. On the other hand, the current scenario involves the announcement of large proven reserves of non-conventional gas and oil and expansion of installed infrastructure of production and refining. Fossil fuel based energy is recognized as carbon emitter. The challenge of the century is thus to expand energy supply in a carbon-constrained economy. "ccording to the World Economic Forum King, , no truly low-carbon technology will be able to penetrate the mass market in the short term. The use of installed fossil processing infrastructure, with co-processing of biomass and fossil feedstock and capturing and utilization of emitted CO is the escape route for a moderate transition from the present to a long-term sustainable future. In this context, putting a price on carbon will gradually build the road to a greener tomorrow. Meanwhile, bio-based products are a realistic supplement to fossil-based products, but they cannot mitigate the rising demand for fossil fuels."ccording to an IE" Technology Roadmap, the manufacture of only chemicals account for % of the energy demand in the chemical industry and % of its greenhouse gas GHG emissions. The study concludes that, in the short to medium term to , steady progress in implementing incremental improvements and deploying best practice technologies "PT could provide substantial energy savings and emissions reductions compared to business as usual . " step change in the sector s energy consumption and GHG emissions would require the development of game changer technologies, such as sustainable biomass feedstocks and hydrogen from renewable energy sources which have not yet reached commercial maturity. IE", With this prospect, CO utilization in the short term should allow parallel production routes based on "PT, driven by emission-capture-utilization synergies. In this sense, production and conversion of synthesis gas SYNG"S exhibits the highest potential for medium term of commercial success. Nevertheless, it is worth noting that, while the utilization of CO has potential to reduce greenhouse gas emissions into the atmosphere, CO has disadvantages as a chemical reactant due to its relative significant chemical inertness. This inertness is the underlying reason why CO has broad industrial application as solvent supercritical CO , as fire and pest extinguisher, and as a non-toxic amusement additive in the food industry. From the standpoint of building a low-carbon economy, each potential use of CO as reacta...