SOURCE: Zeus Development Corporation
HOUSTON, TX--(Marketwired - Mar 11, 2014) - Low gas prices in North America continue to demonstrate attractive arbitrage opportunities for developers of gas-conversion (GTL) infrastructure. Already, more than 40 such projects have been proposed. These are in addition to the more than 40 proposed LNG export projects now under consideration. All told, GTL investment alone could represent some US$60 billion in capital expenditure. A recent survey by Zeus Development Corporation has identified 42 gas-conversion projects under development or evaluation.
"The gas-conversion industry continues to grow at an impressive rate. The number of proposed projects has doubled in the past eight months alone," noted Zeus Development Corporation GTL analyst Chris Cothran. One trend supporting this growth is the ability of developers to downscale and modularize GTL processes due to groundbreaking technologies. Such innovations open up the prospects of gas conversion to a variety of firms and applications, providing attractive monetization options for North America's stranded gas.
The 42 projects produce a broad range of products through several types of syngas-based synthesis processes. These include methanol to gasoline (6), methanol (9), Fischer-Tropsch GTL (7), direct-reduced iron (6) and ammonia (14) projects. Through such processes, the U.S. in particular may become self-sufficient for key petroleum products, fertilizer and other products by the end of this decade.
This year at the fourth annual GTL North America conference, June 4th and 5th in Houston, TX, attendees will have an opportunity to hear more about this market from project developers, technology licensors, engineering firms and GTL analysts. In addition, attendees can tour a modular GTL fabrication facility on June 4. GTL North America is the premier conference covering the rapidly growing GTL industry in North America. Details are available online at http://www.gtlnorthamerica.com.