News Post
Oxford Catalysts Group Plc. 2,800 bpd US Gas-to-Liquids Plant
Liquids (GTL), is pleased to announce selection of the Company’s technology and
progress towards a 2,800 barrels per day (bpd) GTL plant in the US.
The GTL facility is being pursued by project developer Pinto Energy, LLC (“Pinto”) at an 80-acre industrial site that it owns in the Port of Ashtabula, Ohio. Pinto will convert abundant low-cost natural gas from the Utica and Marcellus shale region into high value specialty products (solvents, lubricants and waxes), as well as ultra clean transportation fuels.
The plant’s location will also benefit from access to substantial existing infrastructure,including a waste water treatment plant, an air separation unit, a gas pipeline, product loading facilities for both barge and rail, and local customers for some of the plant’s biproducts.
Following selection of the Group’s FT technology and agreement on commercial license terms, Pinto began designing the Ashtabula plant with Ventech Engineers International LLC in April 2013, and recently filed the project’s air and water permit applications.
The design is expected to be completed by the end of 2013, and Pinto is working
towards issuing the final notice to proceed in the first half of 2014. Mechanical
completion of the plant is expected in late 2015, with start-up in early 2016. Pinto has secured funds to complete the engineering, permitting and all other upfront work;construction financing is scheduled to close in the first quarter of 2014.
This 2,800 bpd project is planned to be the first phase of a multi-train facility at
Ashtabula. In addition, Pinto has a portfolio of other sites where it intends to develop smaller scale GTL projects with the Group’s technology.
Roy Lipski, CEO of Oxford Catalysts Group, said:
“We are delighted to see such significant progress towards a smaller scale GTL plant in North America using our technology. This highlights the unique opportunity presented by the region’s abundant shale gas reserves, as well as the drive for energy security and cleaner fuels. We’re pleased to be working with Pinto on this project local to us in Ohio.”
Guy Dove, Chairman of Pinto Energy said:
“Our team's experience in the energy sector and project development gives us great confidence in selecting Velocys’ technology as the best choice for smaller scale GTL. We look forward to developing the project at Ashtabula as the first of many.”
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