GasTechno® in the Press
Gas Technologies (GTL) has agreed to extend its Early Adopter Program until all seven Early Adopter partners are selected. GTL responds to the program’s 90 day application review period by realigning the GTL services to support an extended early adopter strategy and intent to provide funding for projects.
PETOSKEY, MI - (May 31, 2012). Gas Technologies (GTL), manufacturer of the innovative GasTechno® gas to liquids process, has been reviewing Early Adopter Program (EAP) applications since it announced the program in February of this year. Due to the industry response since the program was announced, GTL has realigned its services offering to support an extended early adopter strategy until the seven companies are selected.
Gas Technologies CEO Walter Breidenstein stated "We’ve learned a tremendous amount about what potential partners and customers need as Early Adopters of the technology. The most important thing we’ve found is that they like the structure of the program. They appreciate the opportunity to evaluate what the platform can do for their specific application using our phased study approach. Before investing the $2 million dollars required for a demonstration plant, our customers start with the $50,000 basic evaluation package (BEP) or the $250,000 basic engineering study--investments they have no problem making because it de-risks the project up front."
The Early Adopter Program is a structured technology evaluation process culminating in the deployment of the company’s flagship offering, the Mini-GTLTM methanol plant. Early Adopters are afforded several perks including the option to jointly participate in acquisition strategies targeting stranded natural gas reserves. With feed stock reserves priced at record lows this highly attractive strategy deploys GasTechno plants on stranded reserves and converts gas to a liquid product that enjoys a substantial premium over pipeline pricing. Consummation of a Mini-GTL deployment also grants EAP participants preferential treatment for the awarding of exclusive partnerships in regional or national subsidiaries for the licensed GasTechno process and platform.
GasTechno’s focus is the conversion and monetization of flared or stranded natural gas. The company is also evaluating and developing processes for methanol-to-diesel (MTD), methanol-to-gasoline (MTG), methanol-to-jet fuel, methanol-to-olefins (MTO), glycols, amines, fertilizers and other bolt-on processes that provide exceptional ROI’s and high profit margins. Securing a “flare to fuels” partner with similar interests is a high priority for the program. Operators with gas resources at landfills and biodigesters are also targeted.
"After evaluating applications from interested EAP candidates, we see there is a common concern about securing the capital for a Mini-GTL deployment after the BEP and BES are completed. So far, most of the companies who have applied are either small independent operators with stranded reserves, or companies flaring gas that don’t have the capital to fund a project near-term. To support their investment in the program, we intend to offer structured and project financing to these Early Adopter Partners. We’re researching various public and private financing methods to support small scale gas-to-liquids projects. Smaller independents with underutilized reserves are one of our strongest markets. Giving these folks the ability to make their resources profitable is part of our mission as a company and why we go to work every day, so we intend to succeed." said Josephine Race, Chief Operations Officer.
The outline of the project, including a flow chart showing the steps required to be selected, are located on the company website here: http://www.gastechno.com/gastechno-early-adopter-program.html
To be considered for the GasTechno Early Adopter Program contact CEO Walter Breidenstein and request an EAP bid package.
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