The shale gas boom in North America presents a viable growth opportunity for the Oil & Gas Industry. Along with the delinking of oil and gas prices, and the abundance of gas at relatively low prices in North America. O&G industry is well positioned to convert the low-priced gas into high-value transport fuels.
GTL facilities can produce feedstock for a wide range of chemical products; O&G chemical businesses can investigate the feasibility of producing these at integrated GTL-driven facilities. Chemicals produced in this way will have significant feedstock cost advantage, increasing the margins they command in the market.
Sasol (a South African Company) is in the process of establishing a GTL plant in Louisiana. - just Google for "Gas to liquids USA"
Thanks David for the update. Actually 3 months back for around 4 years I was working for Sasol, who is putting up plant in Louisiana and had been to site too. This Project phase I 48000 BPD is at FEL stage and suppose to complete by 2018-19. However, form investment perspective Sasol also is expanding chemical business in Louisiana which has priorty over GTL. Other than Sasol, I have not seen any other company talking about GTL plant in USA.
I agree, Sasol is known to make everything possible from syngas, so I won't be surprised if the plant leans heavily towards the chemicals side.
It's likely that the value-add converting to chemicals is much higher than that of liquid fuels. From a bussiness point of view, it will give a much quicker return on investment.
I think that USA will systematically lower their dependence on imported hydrcarbons and this is a small step in that direction.
- Badges
- Science topic
- Similar topics
- Physical Sciences
- Energy