US$2 Billion Already Committed to U.S. Gas Conversion Projects, GTL Conference in June to Examine Technology, Investment Trends

The latest intelligence on North America's rapidly growing gas-conversion sector will be presented by leading project developers and technologists at the fourth-annual GTL North America conference to be held June 3-5 at Houston's Westin Galleria hotel. The event includes Fluor's workshop on gas-conversion opportunities, a tour of Ventech Engineering's modular fabrication facility, and speakers from such leading firms as JM-Davy, Axens, Sasol, ExxonMobil, Praxair, Velocys, Worley Parsons and more.

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Houston, TX (PRWEB) May 08, 2014

Amid several-dozen gas-conversion project announcements, a handful are already entering advanced stages of development in the United States. Some US$2 billion in gas-conversion investment is already engaged with another US$58 billion planned. With one project already online, and three more under construction, gas conversion projects are well ahead of more-heralded U.S. LNG export plants.

“While it may be unclear just how many of these gas-conversion projects will come online in the next five years, a clear advantage lies with projects using proven technologies,” noted Chris Cothran, lead synthesis gas analyst at Zeus Intelligence. “Of the four projects online or under construction, three intend to use technologies that have been demonstrated in dozens of commercial applications worldwide.”

Steel-maker Nucor brought its US$750M DRI project in Louisiana online in December 2013. Voestalpine just began construction of its $720M DRI plant in Texas this month. Methanex continues its relocation of two methanol units from Chile to Geismar, La., with the first due online later this year, and Calumet’s 1,400 b/d GTL facility, built in association with Velocys and Ventech, is due online by the end of the year.

In a reversal of recent history, these projects will see the U.S. adding to its DRI and methanol capacities for the first time in years, along with pioneering the development of GTL at commercial scale in North America. A full listing of announced gas conversion projects can be found here: gtlnorthamerica.com/forms/modular-gas-conversion-survey/.

The latest intelligence on North America's rapidly growing gas-conversion sector will be presented by leading project developers and technologists at the fourth-annual GTL North America conference to be held June 3-5 at Houston's Westin Galleria hotel. The event includes Fluor's workshop on gas-conversion opportunities, a tour of Ventech Engineering's modular fabrication facility, and speakers from such leading firms as JM-Davy, Axens, Sasol, ExxonMobil, Praxair, Velocys, Worley Parsons and more. Information is available online: gtlnorthamerica.com.

Zeus' Syngas Refiner Report offers an invaluable perspective to stay abreast of trends and analysis in the global syngas and GTL industry. In addition, subscribers can access the industry-leading Global Gasification Project Databases to track GTL projects around the world. More information is available online at: zeusintel.com/Gasification.aspx.


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