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Verde Clean Fuels and Diamondback subsidiary announce joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin

Verde Clean Fuels and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy executed a Joint Development Agreement (JDA) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.

The JDA provides a pathway forward for the parties to reach final definitive documents and Final Investment Decision (FID) for the proposed project. The JDA frames the contracts contemplated to be entered into between the parties, including an operating agreement, ground lease agreement, construction agreement, license agreement and financing agreements as well as conditions precedent to close, such as FID.

The proposed facility, which is to be located in Martin County, Texas in the heart of the Permian Basin, could serve as a template for additional natural gas-to-gasoline projects throughout the Permian Basin and other pipeline-constrained basins in the US, as well as address flared or stranded natural gas opportunities internationally.

Verde Clean Fuels is a renewable energy company focused on the development of commercial production plants to convert syngas, derived from diverse biomass feedstocks, such as yard waste, agricultural waste, and sorted municipal solid waste, as well as stranded or flared natural gas (including renewable natural gas) into gasoline through its proprietary liquid fuels technology, the STG+ process.

Through its STG+ process, Verde converts syngas into fully finished fuels that require no additional refining, such as Reformulated Blend-stock for Oxygenate Blending (RBOB) gasoline.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company has just entered into a definitive merger agreement with Endeavor Energy Resources to merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. The combination will create a premier Permian independent operator.



Shell Pearl is turning raw natural gas into jet fuel in the Middle East they paid off their plant by now and it's pure profit and sharing it with the free natural gas from the country.



Sounds more realistic to me perhaps with carbon capture than anything I have read about producing e-SAF in any volume.


Sustainable is one of those words you can use if you're using biocarbon if you're using stored recycle carbon you're still reducing fossil carbon emission rather than fossil carbon going out into the air from the refinery or natural gas processing facility and tailpipes you are using it for tailpipes you cut emissions in half.



Yeah, sustainable or renewable it ain't. I was vaguely thinking that it might emit rather less GHG than present arrangements, but I really can't be bothered to look into it, as it certainly is not going to solve things in any really substantial way.

From what I have found out so far, at anything like present levels of technology and for the foreseeable future the only practical way of containing let alone reducing GHG emissions from flying is not to fly so much, above all at transcontinental distances.

That might be inconvenient for holidaymakers hoping to visit the Maldives before they are submerged, and folk wishing to jet off on a jolly to Davros to discuss climate change, but the latter should learn how to videoconference, although that misses the real point of such gatherings, which is basically to have fun at someone else's expence.

Now is it better to take the consequences of global warming with rising sea levels, inundation of many cities, crop failure, heat deaths and so on, or to jet off in unlimited quantities essentially for recreation from one continent to another on an increasing basis?


They could start by paying tax on aviation fuel.

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