Smaller scale GTL provides an economic route to monetise stranded gas reserves, even in a low oil price world.
Following its immediate focus on the renewable fuels market Velocys intends to turn its attention to delivering, with partners, an integrated offer to monetise those stranded gas reserves in North America where conditions are particularly attractive:
This is Velocys’ planned entry point into other stranded global gas markets.
Velocys is continuing to license to gas monetisation projects being developed by third parties. If you are developing such a project that possesses one or more of the above market drivers, please contact us
Longer term, the market for smaller scale GTL to monetise gas reserves is huge. As oil prices recover project opportunities for smaller scale GTL will return where the key driver is the oil-gas price differential at the major hubs.