HyGear acquires funding for development of GTL plant


HyGear has announced the inception of the second phase of its gas to liquid (GTL) development programme, following the successful conclusion of the technology development phase year.

The company acquired funding to enter the final stage of the programme that will result in a demonstration plant producing 70 bbl/day of synthetic crude.

The project is co-funded by the Dutch Government with a €4.2M grant from its revolving fund ‘Innovatie Krediet’.

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