A commercial agreement has recently been executed between PTT, the National Energy Company of Thailand, and Velocys to proceed with the commercial deployment of microchannel GTL technology in Thailand.
Smaller scale gas-to-liquids (GTL), based on the use of microchannel steam methane reforming (SMR) followed by Fischer-Tropsch (FT) synthesis, offers a promising option for producing valuable liquid fuels from gas resources that would otherwise be wasted.
These include associated gas (gas produced along with oil) and stranded gas located far from existing infrastructure.
The new agreement is to proceed with the commercial deployment of Velocys’, formerly Oxford Catalysts, small scale microchannel GTL technology in Thailand and other other regions.
PTT is particularly interested in the company’s smaller-scale modular GTL technology as a means to monetise associated gas from on-shore wells that is currently disposed of by flaring. The two companies have been collaborating since late 2009.
In February 2010, under the terms of a memorandum of understanding (MOU), PTT agreed to provide funding to support the development and commercialisation of Velocys microchannel SMR technology. In 2012, under terms of a research collaboration with Velocys, PTT opened a new experimental facility for testing microchannel reactors at its Research Institute in Wangnoi, approximately 70km north of Bangkok.