World Bank recognizes Greyrock Energy for advanced mini-GTL technology

Greyrock Energy was recognized by the World Bank’s Global Gas Flare Reduction Partnership (GGFRP) as the most advanced new technology provider of mini gas-to-liquid (GTL) systems.

The recognition was given in a new report evaluating associated gas monetization solutions.

This is Greyrock's first appearance in the biannual report by World Bank/GGFRP that debuted in 2011. The results were presented at the Energy Frontiers International Gas-to-Market Conversion Forum in Pittsburgh, Pennsylvania.

The second World Bank/GGFRP report contains one the most comprehensive studies of mini or small-scale GTL technologies available today. More than 24 companies, including Greyrock, were evaluated to identify those that most provide: relatively low technical risk; commercially viable options; and potential solutions for GGFRP members to select in the process to reduce flaring and monetization of gas streams.

A key attribute positioning Greyrock as an innovative leader in the World Bank/GGFRP report is the company’s use of its proprietary GreyCat catalyst that directly converts syngas into fuels, completely eliminating the need for a final refining process required by most other GTL market players, according to company officials.

Greyrock has also deployed both pilot and commercial demonstration GTL plants, providing a strong foundation for commercial scale deployment.

“Greyrock Energy is proud of the leadership position the World Bank and Global Gas Flare Reduction Partnership report has put us in across the highly competitive small-scale GTL market,” said Robert Schuetzle, CEO of Greyrock Energy.

“Our innovative GTL conversion solutions quickly provide a transportation grade diesel fuel from natural gas while also reducing regional environmental concerns resulting from the flaring of associated gas," he added.

Greyrock’s small-scale GTL solutions enable the production of directly usable transportation fuels from a variety of abundant gas sources, including natural gas, natural gas liquids, stranded gas resources and associated gas. Associated gas, which is gas produced in conjunction with oil, is in many cases flared due to lack of available infrastructure to get the gas to market.

Due to stricter flaring regulations, associated natural gas is seen as a cost of oil production in many areas. According to World Bank, gas flaring produces some 400 million tpy of greenhouse gas emissions worldwide. Therefore, Greyrock’s GTL solutions also make an environmental impact by reducing the occurrence of unnecessary flaring efforts.

“We believe Greyrock has strongly demonstrated an operational model for success in the small-scale GTL industry and is duly recognized as one of the prominent forerunners to commercialization,” said Dr. Theo Fleisch, advisor and writer of the World Bank and Global Gas Flare Reduction Partnership report.

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