March 01, 2015 6:22 AM ET

Oil, Gas and Consumable Fuels

Company Overview of G2X Energy, Inc.

Company Overview

G2X Energy, Inc. processes and converts natural gas into transportation fuels in Texas and Louisiana. The company engages in developing, owning, and operating production facilities that convert natural gas to methanol and drop-in gasoline. It has a strategic partnership with Proman Group. The company was incorporated in 2012 and is based in Houston, Texas.

600 Travis Street

Suite 3680

Houston, TX 77002

United States

Founded in 2012

Phone:

713-943-2200

Fax:

281-944-3687

Key Executives for G2X Energy, Inc.

Co-Founder, Chief Executive Officer, President and Director
Age: 51
Co-Founder, Chief Financial Officer and Executive Vice President of Corporate Development
Age: 49
Chief Operating Officer
Executive Vice President of Upstream
Head of Project Development and Vice President
Compensation as of Fiscal Year 2014.

G2X Energy, Inc. Key Developments

MHTL to Partner in World-Scale MTG-Ready Methanol Production Facility in Southwestern Louisiana

G2X Energy, Inc. (G2X Energy) and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline MTG-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. The Big Lake Fuels LLC facility will produce 1.4 million metric tons of commercial-grade methanol per year and will have the necessary facilities to convert methanol to automotive gasoline in the future. As part of MHTL’s potential investment into G2X Energy and the Big Lake Fuels plant, MHTL will enter into the negotiation of an exclusive offtake agreement to market the entire production of methanol from Big Lake Fuels’ first methanol plant. The plant will be located on a 200-acre site on the Calcasieu Industrial Canal off of the main Calcasieu Ship Channel. The site is ideally located adjacent to multiple large natural gas pipelines and industrial electricity connectivity, and affords the option to ship methanol via barge or oceangoing vessel. The site has the capability to support multiple production process trains and has been secured from the Port of Lake Charles under a long-term lease agreement. The facility will be constructed by the Proman Group under a fixed price EPC contract. Proman, based in Wollerau, Switzerland, has extensive experience building methanol production facilities. The company has built five world-scale plants in Trinidad and Oman similar in design to the Big Lake Fuels plant. The plant will utilize steam reforming and methanol synthesis technologies from Johnson Matthey Davy Technologies Limited. The plant received its air and construction permit from the state of Louisiana on May 25. Construction is expected to begin in early 2015, after the project obtains the remaining permits and completes initial engineering. G2X Energy anticipates the project will create more than 2,000 construction jobs during the three-year construction period. Once the methanol plant is operational, there will be more than 125 full-time operations personnel at the plant, with that number expected to grow when MTG and methanol plant expansions are complete.

G2X Energy to Start Texas Panhandle Methanol Plant in Fourth Quarter of 2014

A small methanol plant being built by G2X Energy in the Texas Panhandle will start up in the fourth quarter of 2014. The 65,000 tonne/year project was originally scheduled to begin operating by the end of June 2014, but the startup date had been pushed back. The delay stemmed from typical construction and engineering problems.

G2X Energy Receives State and Federal Permits to Build and Operate Natural Gas-To-Gasoline Plant in Louisiana

G2X Energy has received state and federal permits to build and operate a natural gas-to-gasoline plant in Louisiana. First announced in January 2013, the project will convert natural gas into 12,500 bls/day of zero-sulphur gasoline and/or commercial-grade methanol at a plant in Lake Charles, according to a release.

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