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CORRECTING and REPLACING G2X Energy Breaks Ground on First U.S. Methanol Plant in Decades



  CORRECTING and REPLACING G2X Energy Breaks Ground on First U.S. Methanol
  Plant in Decades

 Pampa Fuels facility will inject $155M into local Texas economy and convert
                           natural gas to methanol

CORRECTION...by G2X Energy, Inc.

Business Wire

HOUSTON -- January 18, 2013

In the fifth paragraph, second sentence should read: “We thank Senator Seliger
for his support in our march toward the economically efficient, domestic
production of methanol and gasoline from natural gas.” (sted, “We thank
Senator Selinger for his support in our march toward the economically
efficient, domestic production of methanol and gasoline from natural gas.”)

The corrected press release reads:

       G2X ENERGY BREAKS GROUND ON FIRST U.S. METHANOL PLANT IN DECADES

 Pampa Fuels facility will inject $155M into local Texas economy and convert
                           natural gas to methanol

G2X Energy, Inc., a developer of advanced natural gas-to-gasoline projects,
today marks the groundbreaking ceremony for its Pampa, Texas-based methanol
plant—Pampa Fuels—with a site visit and formal remarks by Texas State Senator
Kel Seliger. The announcement concludes an active week for G2X Energy, which
also announced a long term, multi-site agreement with ExxonMobil Research and
Engineering Company (EMRE) for natural gas-based methanol-to-gasoline projects
and plans for a $1.3B natural gas-to-gasoline facility in Southwest Louisiana.

Located on a brownfield site previously owned by Celanese Chemical and
utilizing some existing operational equipment, the Pampa Fuels facility
represents a modern example of reusing existing industrial infrastructure to
lower capital cost for the production high-value fuels and chemicals.
According to an independent economic study conducted by MIG, Inc., phase one
of the project will result in 160 construction jobs, 35 full-time permanent
positions and 21 new jobs for the trucking and rail industries, which will
transport large volumes of daily methanol shipments to customers when
full-scale production begins in 2014. The facility will produce approximately
65,000 metric tons of finished product annually to meet growing regional
demand in North Texas and Oklahoma.

“Today, we’ve come together to recognize a Texas-based company working to
create local jobs and revitalize a site that has been vacant for four
years--achievements we can all celebrate,” said Texas Senator Kel Seliger.
“We’re proud to welcome G2X Energy into our community and anticipate much
success on the horizon, both here in Texas and across the country.”

Driven by an abundance of shale gas and high demand for cost-competitive fuels
and chemicals, G2X Energy is currently developing U.S.-based
methanol-to-gasoline projects that require no further refining or processing
prior to direct blending into finished gasoline. In Pampa, G2X Energy will
leverage its strategic partnership with the Proman Group, an international
player in process plant engineering and operations; Southern Chemical
Corporation, a leader in methanol sales and distribution; and local engineers
to achieve initial operations in Q2, 2014.

“What sets G2X Energy apart is our ability to build upon proven conversion
technologies and infrastructure that have come before to bring high-value
methanol and gasoline to market,” said Tim Vail, president, CEO and founder of
G2X Energy. “We thank Senator Seliger for his support in our march toward the
economically efficient, domestic production of methanol and gasoline from
natural gas.”

About G2X Energy

Houston-based G2X Energy develops, owns and operates production facilities
that convert natural gas to methanol and drop-in gasoline. Transforming
conventional gasoline production via existing infrastructure and proven
conversion technologies, G2X meets demand for cost-competitive, fuels and
chemicals using abundant, clean, domestic natural gas. For more information
visit www.G2XEnergy.com.

Contact:

Antenna Group for G2X Energy
Kimberly Setliff, 415-977-1942
g2xenergy@antennagroup.com
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