With the emergence of shale gas as a long-term, secure energy resource in North America, many new technologies will emerge to convert natural gas into more valuable commodities or put it to use in markets such as chemicals, electricity and liquefied natural gas (LNG).Many of these options will never become commercially viable. Most are at least a decade away from commercial deployment and some, such as LNG, are designed primarily to facilitate gas exports. In addition, other offerings will face strong commercial headwinds as shale gas is exploited in other countries around the world.
At G2X Energy, we are focused exclusively on technologies which have already been proven on a commercial scale and that have strong, long-term economic fundamentals.
Our first projects will deploy three critical proven process technologies:
Proven natural gas reforming technologies, used at hundreds of natural gas reformers around the world, convert natural gas into syngas, a mixture of hydrogen and carbon oxides. G2X Energy will license and deploy off-the-shelf reformation technologies.
Proven technologies, used in hundreds of methanol plants located around the world, convert the syngas produced in the reformer into methanol, the simplest alcohol (CH3OH). Methanol is an important industrial precursor used in many products such as paints, plastics and silicon chips. Methanol Holdings (Trinidad) Ltd., one of the world’s largest producers of methanol, uses these processes to safely produce methanol every day at plants constructed by our partner Proman in Trinidad and Oman.
Proven methanol to gasoline (MTG) technology, initially developed by Mobil and commercialized in 1985, efficiently converts methanol into fully “drop-in” 87 octane automotive gasoline. The MTG process, which uses a proprietary zeolite catalyst to effect the conversion and dehydration of methanol into commercial automotive gasoline, was demonstrated on a commercial scale at a 14,500 barrel per day facility in New Zealand. The facility operated for more than 10 years with high availability, efficiency and product selectivity before ceasing production in 1998 due to reduced availability of natural gas in the region and strong global demand for methanol. ExxonMobil Research and Engineering Company (EMRE) continues to support the technology at their research and development center in Clinton, New Jersey. Currently, a facility in China is using the MTG process under license from EMRE to produce gasoline from coal-derived methanol. G2X Energy and EMRE have entered into a long-term agreement establishing terms for multiple MTG licenses within North America.