REPORT HIGHLIGHTS


The total market value of products produced using GTL (gas-to-liquids) Greg Maddux Jersey , CTL (Coal-to-liquids), and BTL (biomass-to-liquids) was $4.4 billion in 2010 and $4.5 billion in 2011. BCC projects this market will increase from $4.6 billion in 2012 to $6.8 billion by 2017, a CAGR of 8.1% over the five year period.


The market value of products produced by GTL processes was $1.8 billion in 2011. This value should reach $1.9 billion in 2012 and $2.7 billion in 2017, a CAGR of 7.3% between 2012 and 2017.


The market value of products produced by CTL processes is expected to increase from $2.6 billion in 2012 to $4 billion in 2017, a CAGR of 9%.


REPORT SCOPE


INTRODUCTION


STUDY GOALs AND OBJECTIVES


Worldwide, natural gas reserves far exceed oil reserves. Indeed, at current consumption rates John Smoltz Jersey , the earth has about a 45-year supply of oil, compared with a nearly 1,000-year supply of natural gas. In many locales, though, natural gas is 鈥渟tranded鈥?and thus suppliers have limited markets. A key objective of gas suppliers is the development of processing and conversion technologies, such as gas to liquids, that would enable entry to the multitrillion-dollar market for chemicals and liquid fuels. gas-to-liquids (GTL) business is involved in the chemical conversion of stranded natural gas feedstocks to liquid products such as transportation fuels and chemicals. Insofar as beneficial processing of the world鈥檚 huge resource base of stranded natural gas is concerned Throwback Atlanta Braves Jerseys , GTL processing is a relatively recent research and development (R&D) focus of the petrochemical industry. Development of commercial-scale GTL plants, utilizing stranded natural gas, is a relatively recent development, too. Hence, the need for this BCC Research report. market research reports


Liquid GTL products are primarily transportation fuels (and are defined as synthetic fuels, or synthetic fuels) and chemical feedstocks such as methanol, hydrogen Custom Atlanta Braves Jerseys , and other petrochemicals. As the terms are presently used in the petrochemical industry, 鈥淕TL鈥?and 鈥淕TL products鈥?refer mainly to the output of plants (or refineries) that utilize stranded natural gas as feedstock. For that reason, conventional production of chemicals, including high-volume methanol, typically via steam methane reforming (SMR) of nonstranded natural gas, is not a principal focus of this report.


The objective of this BCC Research report is to provide an up-to-date and critical evaluation of the most dynamic and pathbreaking aspects of GTL technology and describe how recent breakthroughs in conversion technology have made GTL products competitive with products refined from crude oil. This report discusses the use of GTL processes to produce ultraclean diesel fuels and high-quality chemical products such as waxes. BCC assesses the role of GTL as an enabling technology for the production of clean transportation fuels.


A principal focus of the report is individual company initiatives and their R&D focus. Discussed as well is the status of all major GTL projects around the world that utilize stranded gas. Included are descriptions of technologies and products, and a forecast of the GTL market through 2017. The report quantifies demand for GTL by type of output Authentic Atlanta Braves Jerseys , application, and production technology. A significant component of this report analyzes competitive synfuel concepts, as the commercial success of competitive synfuel concepts will weigh heavily on the ultimate trajectory of the GTL business. These competitive fuels include those derived from coal-to-liquids (CTL) and biomass-to-liquids (BTL).


REASONS FOR DOING THE STUDY


A significant amount of the worldatural gas resources are stranded, far from existing markets. In the U.S. market, the recent substantial increase in natural gas reserves creates a technical and market opportunity for lower cost conversion to liquid fuels and chemicals. GTL technologies can economically convert these resources into high-quality, ultra-low sulfur diesel (ULSD) fuels that can be transported to consumers or used in remote locations.


Fischer-Tropsch (FT) processing of synthesis gas (synthesis gas) has undergone significant improvements in reactor design and product recovery and is no longer limited to large-scale commercial demonstrations. The process creates liquid fuel from synthesis gas, either gasified from hydrocarbon sources or natural gas Atlanta Braves Jerseys For Sale , but not crude oil. FT processing has allowed South Africa, for instance, to reduce its dependency on foreign crude after World War II.


Technically, GTL fuel production is in a relatively advanced stage of development, with commercial production well demonstrated in, for example, Qatar Cheap Atlanta Braves Jerseys , Malaysia, and South Africa. Although synthetic fuels can be produced from a range of feedstocks鈥攂iomass, coal, and natural gas鈥攖he GTL process is at the most advanced stage of commercial development. In addition, GTL utilizes gas resources that are either flared or currently unmarketable. Synfuel production via GTL processing of stranded gas is approximately 100 mbbld (thousand barrels per day), and it is estimated that as many as 10 large-scale GTL plants will be in operation over the next decade, producing as much as 300 mbbld of GTL products.


Many major oil companies have announced plans to investigate producing synthetic diesel fuel via a GTL process. However Tom Glavine Braves Jersey , a handful of companies, such as established GTL companies Sasol, Shell, Syntroleum and Rentech, are the dominant producers. As discussed in this report, though, there are numerous 鈥渟econd-tier鈥?companies that have sizable GTL support operations in engineering Phil Niekro Braves Jersey , design, plant construction, ancillaries, and related activities. Generally, R&D is improving the efficiency and economics of GTL production as well as quantifying the costs and benefits of production and use of GTL fuel in vehicles.


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