CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan
11 March 2014
CompactGTL will build a commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. The proposed plant is expected to bring with it significant future commercial and environmental benefits, according to the company. Up to 820,000 cubic meteres of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetize over 300 million cubic meters of gas.
CompactGTL Chairman Tony Hayward and Uzakbay Karabalin, the Minister of Oil & Gas of the Republic of Kazakhstan, signed a Memorandum of Co-operation, which will also support the development and implementation in Kazakhstan of innovative associated gas processing technologies with the realisation of the plant.
Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology, the company said. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s technology and plant design.
CompactGTL expects to have a fully functioning small-scale GTL plant in operation in 2017. It is expected that initial engineering will take approximately 12 months, followed by a construction period of around two years, highlighting the relative speed with which such a project can be delivered.
TrackBack URL for this entry:
Listed below are links to weblogs that reference CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan: