Greyrock Energy recently announced a final investment decision to deliver one of the world's first small-scale Gas-to-Liquids (GTL) facilities. Greyrock, located near Houston, Texas, transforms natural gas into premium transportation fuels. Greyrock targets midstream operators and producers who profit by turning low-cost natural gas into higher-value transportation fuels without the expensive, large-scale processes typical of traditional GTL solutions. Greyrock's facilities produce primarily premium synthetic diesel fuel from natural gas or natural gas liquids using the company's innovative GreyCat" catalyst and distributed GTL solution. Modular gas conversion can be achieved from a variety of abundant gas sources, including natural gas, natural gas liquids, such as ethane, stranded gas resources and associated gas. Greyrock's plant will be commercially operational by the end of 2015.
The project is being funded by a consortium of investors led by Dallas-based Sterling Private Capital and Eagle Oil & Gas Co. Art Harding, the Chief Executive Officer of Sterling Private Capital, believes that Greyrock has the "most advanced platform for small-scale Gas-to-Liquids conversion of natural gas into high value liquid transportation fuels."1
Footnote
[1] Greyrock Announces Final Investment Decision for Small-Scale Gas-to-Liquids Production Facility (November 4, 2014), http://www.greyrock.com/newsroom/greyrock-announces-final-investment-decision-for-small-scale-gas-to-liquids-production-facility.
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