Survey Finds 24 Natural Gas-Conversion Projects Under Evaluation, Zeus
Conference to Examine Trend
HOUSTON, TX -- (Marketwire) -- 03/13/13 -- From its 2013 natural gas
conversion survey, Houston-based Zeus Development Corporation has
identified 24 projects in North America where developers have
announced plans to convert gas chemically into one of six slates of
products: methanol and gasoline (8 projects), nitrogenous fertilizers
(6 projects), Fischer-Tropsch premium fuels (6 projects),
direct-reduced iron (2 projects), syncrude (1 project), and ethanol
The combined capital cost of the projects is estimated to approach
US$60 billion. A summary inventory can be downloaded from
"These are just the projects that have been announced publicly," said
Chris Cothran, energy analyst at Zeus Development Corporation. "Many
more are under evaluation, but remain confidential."
An abundance of shale gas in North America, estimated to exceed four
quadrillion cubic feet of reserves, is attracting gas-conversion
industries back to the U.S. and Canada. Developers such as Agrium
Inc., Nucor and Royal Dutch Shell intend to bring processes that they
have perfected overseas to gas-rich, industrial locations like
Alberta, Louisiana and Texas. Some, like Methanex, the world's
largest methanol manufacturer, even intend to relocate established
plants to North America. See http://goo.gl/xMm3i.
"The most investment capital we believe will be spent to build plants
to convert natural gas into premium liquid fuels," Cothran said. "Two
processes: one known as Fischer-Tropsch and the other from
ExxonMobil, which converts natural gas to gasoline via methanol,
represent 75% of the total US$60 billion investment."
To examine this trend, Zeus will host the GTL North America
conference at the Houston Magnolia Hotel, June 5-6. Speakers will
profile key projects, technologies and processes. Among the
organizations scheduled to present are Air Liquide, Apache,
CompactGTL, Emberclear, ExxonMobil, Gas-2 Ltd., Hatch, Johnson
Matthey, KiOR Inc., LanzaTech, Midrex, Potash Corp, the State of
Louisiana, Velocys, and XTL & DME Institute.
A one-day seminar on June 4 will discuss investment opportunities for
North American gas conversion opportunities. Presentations from a
number of public and private enterprises will be included: American
Power Group, Inc., Dougherty & Company, GTL Solutions, Hoopes
Transport, McKinsey & Company, and Prometheus Energy, among others.
More information can be obtained online at
www.zeusintel.com/gtlna2013 or by calling FehYee Siow at
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