SOURCE: Zeus Development Corporation
HOUSTON, TX--(Marketwired - Mar 19, 2014) - This year's installment of the GTL North America conference will examine the advancement of leading gas-conversion projects, including Sasol's Southwest La. GTL, ZEEP South Louisiana Methanol, Novello GTL, Marcellus GTL, Pinto Energy GTL, Natchez, Miss., methanol to gasoline (MTG), and Pa. MTG, Hillsboro MTG, and Corpus Christi's direct iron reduction (DRI) project.
Recent analysis by Zeus Development Corporation, an energy research firm and the conference organizer, has identified 41 new gas-conversion projects underway in North America, including six MTG; nine methanol, including a DME project in California; seven Fischer-Tropsch GTL; six DRI; and 13 ammonia projects. They represent some $60 billion in capital investment.
"Leading this trend to convert shale gas to higher valued products is methanol and direct-iron reduction," Chris Cothran, Zeus's chief GTL analyst said. "These two conversion routes currently enjoy the most profitable margins between natural gas prices and the manufactured products. Proposed ammonia projects are most numerous, but fertilizer prices have fallen as much as 40%, slowing advancement."
On Monday, March 17, separate reports from the Federal Reserve Bank of New York and the Bank of Tokyo-Mitsubishi UFJ stated despite cold weather U.S. manufacturing achieved its largest advancement since August. Natural gas conversion has become a key part of the manufacturing economy. The June 4-5 conference will discuss its impact across several base industries.
"We're also pleased former assistant attorney general of the U.S. Justice Department's Environment and Natural Resources Division, Barry Hartman, will be able to describe how the Obama Administration can use executive orders to affect energy policy," said Cothran. "Last month, President Obama announced that his administration would begin regulating greenhouse gas emissions more strictly, developing tighter efficiency standards for medium and heavy-duty vehicles."
By March 2016, Mr. Obama has ordered the EPA and Transportation Department's National Highway Traffic Safety Administration to develop and issue new fuel-efficiency and greenhouse gas standards. A key question before GTL industry is how executive orders may affect gas conversion.
Introductory registration pricing to GTL North America 2014 of $597 ends this Friday, March 21. The program as well as information about Ventech's modular GTL manufacturing facility tour is available online: http://www.gtlnorthamerica.com.