Kawasaki Heavy takes 2.2% stake in CompactGTL, completes the supply chain for delivery of commercial scale plants
Kawasaki Heavy Industries (KHI) has taken a minority shareholding (2.2%) in CompactGTL, a UK-based developer of modular gas-to-liquids (GTL) solutions. In addition, KHI has become a strategic supply chain partner to execute the reactor modularization for modular commercial-scale GTL pants. Commercial details of the agreement remain confidential.
Sumitomo Corporation in 2010 also i took a minority shareholding in CompactGTL. Sumitomo Precision Products manufactures and supplies the proprietary SMR and FT brazed reactor blocks for CompactGTL, which will then be modularized by KHI.
An additional benefit of the agreement with KHI allows for the construction of the reactors and the subsequent modularization to be executed in close proximity as KHI’s facilities, in Harima, are only a short distance from the Sumitomo Precision Products plant in Amagasaki. The shipping of the complete reactors will then take place from Kawasaki’s quayside facilities at Harima, to clients around the world.
The announcement of the KHI deal completes the CompactGTL supply chain and follows on from the recent announcement that Johnson Matthey is the strategic partner for the development, manufacture and supply of catalysts for its modular gas to liquids commercial scale plants.
This year CompactGTL was also able to announce that Petroleo Brasileiro S.A. (Petrobras) had qualified and approved the technology for commercial deployment.
CompactGTL is currently undertaking project studies on behalf of international oil and gas industry clients for remote oilfields both onshore and offshore. Recently it confirmed that it is working with Russian company Gazprom Promgaz.