Sundrop Fuels Selects IHI E&C for its Inaugural Gas to Gasoline Plant

    Sundrop Fuels Selects IHI E&C for its Inaugural Gas to Gasoline Plant

PR Newswire

HOUSTON, July 10, 2013

HOUSTON, July 10, 2013 /PRNewswire/ --IHI E&C International Corporation, a
wholly owned subsidiary of IHI Corporation, has been selected as the
contractor of choice for the Sundrop Fuels inaugural gas to gasoline plant
project in Alexandria, Louisiana. The combined commercial and demonstration
plant will annually produce about 60 million gallons of finished gasoline from
natural gas while providing the platform for Sundrop Fuels to prove its
proprietary gasification technology for making renewable "green gasoline" from
woody biomass. The success of Sundrop Fuels' integrated commercial and
demonstration plant will put in motion the company's plan to build a series of
renewable gasoline "megaplants," each producing more than 200 million gallons
of drop-in cellulosic biofuel annually.

IHI E&C is currently performing the front-end engineering design (FEED).
Following successful execution of the FEED and finalization of the EPC
contract exhibits, IHI E&C will execute the detailed engineering, procurement,
construction and completions (EPCC) for the commercial plant. "With IHI E&C's
talent and resources, Sundrop Fuels looks forward to breaking ground on the
final stepping-stone toward becoming a major producer of affordable, drop-in
biofuel," said Sundrop Fuels Chief Executive Officer Wayne Simmons. "It has
extensive experience and a long history of successful project execution in
plants with similar configurations and process units."

In the commercial plant natural gas is first reformed into synthesis gas, or
syngas, a mixture of hydrogen and carbon monoxide. The syngas is converted
into methanol which is then converted into 87 octane ((R+M)/2) gasoline.

"We are very excited in being involved in this gas to gasoline project that
utilizes proven technologies for the conversion of natural gas to gasoline,"
said Glyn Rodgers, IHI E&C President.

About IHI

IHI E&C provides engineering and construction services to the global oil and
gas industry, specializing in design, engineering, procurement, construction,
start-up and project management for the synthesis gas & derivatives, gas
processing, LNG, power, petrochemicals & chemicals, refining and mining
markets. IHI E&C is based in Houston, Texas. To learn more, please visit
www.ihi-ec.com.

IHI Corporation (IHI) is a global engineering, construction and manufacturing
company with approximately 27,000 employees in more than 10 manufacturing
centres in Japan, 18 branches and sales offices in Japan, 14 offices and 142
subsidiaries worldwide. For more information, visit
www.ihi.co.jp/en/index.html 

For further information contact:
Brooke Anding, Communications Manager, IHI E&C
Tel: +1 713 409 7539, email: brooke.anding@ihi-ec.com

About Sundrop Fuels

Sundrop Fuels, Inc. is a privately-held advanced biofuels company with
corporate headquarters in Longmont, Colorado. The company is preparing to
launch construction in Central Louisiana of its inaugural fuels facility, a
combined commercial production and technology demonstration plant representing
the first phase in Sundrop Fuels' path to become the nation's premier
mass-scale provider of renewable biogasoline. Sundrop Fuels is backed by its
strategic partner, Chesapeake Energy Corp., and by two of the world's premier
venture groups, Oak Investment Partners and Kleiner Perkins Caufield & Byers.

For more information please visit www.sundropfuels.com or contact Steven
Silvers, Sundrop Fuels, Inc. Corporate Affairs & Communications, at (303)
596-9960 or by email at Steven.Silvers@sundropfuels.com.

NOTE: The term "finished gasoline" refers to all products that are commonly
known or sold as gasoline and are suitable for immediate use as a motor fuel.



SOURCE IHI E&C International Corporation

Website: http://www.ihi-ec.com
 
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