(PRWEB) January 22, 2008
One of the major deterrents to the widespread developments of GTL projects in the past have been the high capital costs of such ventures. However, the combination of the rapidly increasing price of the barrel of crude, touching new highs of $100, and the emergence of new technologies to drive down costs, as well as the employment of economies of scale, such as in Pearl GTL and Oryx GTL, all serve to indicate that GTL projects will soon emerge at the forefront of the alternative energy and fuel markets.
With the world's eyes on the rapidly evolving GTL markets, 7th GTLTec 08, organized by CMT-Center for Management Technology under the esteemed patronage of H.E Abdullah Bin Hamad Al- Attiyah, Deputy Premier Minister of Energy and Industry and Chairman of Qatar Petroleum, is all set to become the international platform showcasing all the latest trends and shifts occurring in the GTL value chain.
As GTL trends veer towards small-mid size projects, there is a critical need to drive down capital costs to accommodate smaller investors. At the 7th GTLtec conference, the viability of small scale projects will be discussed by Velocys, whose globally renowned Microchannel process technology has a key role to play in terms of reducing the size and cost of GTL projects.
Besides economies of scale, cost cutting engineering solutions developed by companies like Ventech will also be discussed at 7th GTLtec. Kevin Stanley, President of Ventech will be sharing on GTL project management via their famous 'buy equipment at scrap value and relocate/reengineer' facilities and modularization, an area in which their expertise is currently being utilized by World GTL.
Fischer Tropsch technoloies and the more traditional cost reduction strategy of catalyst recycling will also be addressed at the 7th Gtltec. Umicore AG & Co. KG, one of the major companies fronting this technology, will be presenting perspectives on Catalyst recycling in terms of adding value to existing technology and increasing planning reliability.
The 7th GTLTec 08 is anticipated to be the most important conference of 2008 for those who want to keep abreast of the latest developments in the economics and financing of Gas to Liquids projects. With cost-cutting technologies as one of the thrusts of the event, it is all set to attract worldwide attention from all the major players in Gas to Liquids.
As the markets for alternative fuels is now facing a new revival due to the sky-rocketing prices of Crude oil, the retail market for Gas-to-Liquids is all set to expand. With Qatar airways now using GTL kerosene, instead of the traditional crude derivative, the demand and potential for the GTL-derived liquid fuel market is all set to expand.
7th GTLTec 08 is all set to map the future of the Gas to Liquids industry. Those wanting more information or interested in being a part of this world event must visit http://www.cmtevents.com to access the event brochure and registration forms.
About Centre For Management Technology:
A global organizer HQ in Singapore, CMT is dedicated to the provision of latest business and technology information through high profile conferences for varied industries. CMT forums encircle the globe from Asia Pacific to Middle East to New Europe/Russia and the Americas. In 25 years of operation, CMT has hosted leading conferences on Petroleum, Refining, LPG, future fuels like Biodiesel, Biofuels and Coal to Liquids, Gas to Liquids, Bio mass to Liquid Technology and many more. Visit http://www.cmtevents.com for further information about us.