Colver Technologies - Uzbekistan Evaluates Small-Scale GTL

Top Quote Uzbek energy ministry asks Colver Technologies to instigate pilot small-scale GTL programs at four natural gas installations. End Quote
  • (1888PressRelease) September 26, 2015 - Colver Technologies has confirmed that it has been invited to set up a pilot small-scale GTL (gas-to-liquids) pilot program at four of Uzbekistan's state-owned natural gas installations as part of a wider restructuring of the country's plans for ongoing monetization of its natural resources.

    Subdued crude oil and natural gas prices have presented the central Asian nation's government with budgetary challenges it has struggled to meet and it is considering the option of offering premium value refined products in addition to its raw natural gas exports.

    The news comes 6 months after Colver Technologies signed a deal with the Kyrgyzstani national oil company to construct a small-scale GTL plant in the country's Izbaskent oilfield.

    Gus Stuyvesant, Chief Operating Officer at Colver Technologies said, "Of course, we don't have the capacity to refine the billions of cubic feet of natural gas a country like Uzbekistan is capable of producing. The Uzbek government has inked deals with energy majors like South Africa's Sasol and Japan's JOGMEC to handle the lion's share of its efforts to offer refined products but there is any number of smaller fields dotted around the country where a large-scale installation would be considered overkill."

    Colver Technologies small-scale modular GTL rigs can be assembled at short notice and are capable of producing anything from 200 to 5,000 barrels of synthetic crude per day. They have proven particularly useful in situations where economic viability and efficiency would have been compromised by less-than-favorable logistics.

    "We're confident that once the Uzbek Energy Ministry evaluates the performance of our rigs, we'll be discussing a more permanent arrangement," said Stuyvesant.

    About Colver Technologies
    Colver Technologies' modular GTL systems revolve around the Fischer-Tropsch reactor, a conversion technology developed in the 1920s by Franz Fischer and Hans Tropsche in Germany in 1925. It facilitates the production of significantly cleaner-burning liquid fuels like diesel and jet fuel from natural gas that contains no sulfur. We are committed to doing our part to drive uptake of GTL fuels as global efforts to reduce emissions increase and have invested heavily to ensure the continuing development of this highly attractive alternative to conventional energy production.

    Contact Colver Technologies:
    Longzhimeng Asia-Pacific Center
    22 Pangjiang Street
    Dadong, Shenyang, Liaoning

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