Gas Technologies LLC ("GasTechno"), the parent company of GasTechno Energy & Fuels (USA) LLC and GasTechno Energy & Fuels Holding (UK) Limited, has signed a Memorandum of Understanding with INFRA Synthetic Fuels, Inc. ("INFRA") effective September 23, 2019.
Both companies are leading developers of patented, small-scale gas-to-liquids (“Mini-GTL®”) technology. GasTechno® is the leader in the single-step conversion of natural gas to methanol and ethanol, and INFRA - a leader in Fisher-Tropsch (FT) synthesis of natural gas to syncrude. The companies see significant synergy in jointly marketing their respective technologies to oil producers seeking to monetize associated gas flares and achieve GHG emissions compliance. GasTechno and INFRA have commercially-proven technologies ready to deploy to address this massive global market.
With complementary technologies and financing strategies, the companies will jointly market their respective Mini-GTL® equipment on a lease finance basis to oil producers. A new $500 million Sovereign Emissions Reduction Fund (“SERFund”) has been created to purchase the Mini-GTL® equipment and then offer it for leasing to oil producers seeking to develop projects.
GasTechno and INFRA will initially focus their joint strategy on marketing their technologies to complementary customers. GasTechno recently announced a program for up to 20 customers to enter a risk-free equipment leasing structure for its Mini-GTL® 750 plants. INFRA will assist GasTechno with this sales program through their team based in Houston, Texas. Further, GasTechno and INFRA will offer an integrated package globally where methanol and FT syncrude and diesel can be produced and delivered at significant cost savings relative to any other global diesel technology. The new combined Mini-GTL® system will produce 450 barrels per day of methanol and ethanol, plus an additional 500 barrels per day of diesel at up to fifty percent (50%) lower capital cost then traditional small-scale GTL technologies. It is a major win-win for both companies.
Please read the full press-release at https://www.einpresswire.com/article/497898349/gastechno-and-infra-to-jointly-market-mini-gtl-technology?r=paX7HxFw0L1SVsV2Xf