Appears CO2 is the only byproduct/product except gasoline.
Posted on 08/27/2013 10:30:44 AM PDT by topher
I had not heard about this process. Thanks for posting, topher.
Do you happen to know how many mcf (1,000 cubic feet) of natural gas it would take to make a barrel of oil involving this new process?
While Gas-to-Liquid is not a hoax, it is a tough economic hurdle in the US. In a country like Qatar, where there is far more gas supply than consumption, keeping the local price low, they compete with LNG rather “normal” natural gas.
LNG is a relative expensive process (compared to the local price of Natural Gas). In that market, it is more economic to spend similar or even significantly more money to convert to a much higher dollar product for delivery to Europe for transportation fuel.
Because the process isn’t cheap.
In this case, the barrel is just a unit of volume. A barrel of crude may contain more than one barrel of refined gasoline because it is more dense.
Thanks.
Got it.
I posted a link to their web site.
Under the facilities, they only list the original pilot plant, no commercial facilities.
Under the licensing section, the list many companies that have reviewed their process, but none who have purchased it.
In their newsroom section, they list the seminars where they have made presentations. No contracts, licensing or facilities listed.
I am not claiming it is a hoax, but I don’t believe they have a reliable economic solution.
The EPA might have a problem with a process that gives off CO2... Otherwise, I wonder why myself...
Appears CO2 is the only byproduct/product except gasoline.
While the total volume of all the different products will be more than a single barrel from a barrel of crude, It is economically impossible to get much more than half a barrel of any one product out of a barrel of crude.
A 42-U.S. gallon barrel of crude oil yields about 45 gallons of petroleum products.
This is supposedly a different "new" GTL process. I don't think the $25-barrel gasoline claim sounds like an economic hurdle.
According to my thumbnail calculations, that's a wholesale price of 59 cents.
Because that hopeful statement didn't turn out to be true. They are not the first to produce a working small-scale plant that didn't match their economic hopes when trying to scale up to commercial size.
What they did manage to do is sell the company to AREF Energy, see the logo in the lower left of their home page.
Now see who is AREF.
http://www.arefenergy.com/about-aref.html?1
ping
I don't think their cost estimations from the small scale pilot project turned out to be correct when enlarged to commercial production sizes.
Do you honestly believe that is a true number and five years later, no company in the entire world has bought the license and started building a plant? Really?
Good probability.
Thanks for the AREF link.
Sorry, make that 11 years.
http://www.newtechmagazine.com/index.php/daily-news/archived-news/2129-synfuels-international-texas-a-m-develop-portable-gtl-process
Published on 2002-09-26
Kuwait wants this to be real. They have a huge amount of gas to sell. Kuwait was the second location for Shell’s GTL plant. Kuwait has far more natural gas than oil.
Thanks! That was the graphic I was looking for.
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