Sat, Aug 30, 2014, 12:55 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Mar 2, 2013 6:39 PM Flag

    Unfortunately Carbon Science took a header - But that is because the technology is moving fast now

    HOUSTON, Jan. 16, 2013 /PRNewswire/ -- G2X Energy, Inc., a developer of advanced natural gas to gasoline projects, today announced that it has entered into a licensing agreement to use ExxonMobil Research and Engineering Company's (EMRE's) methanol-to-gasoline (MTG) technology in the development of a world scale natural gas to gasoline project. Additionally, G2X Energy is the first to secure a long term multi-site agreement with EMRE for natural gas based methanol to gasoline projects.
    G2X Energy is currently developing gasoline projects that take advantage of expanding North American natural gas reserves. EMRE's MTG technology, coupled with G2X Energy's capabilities as a proven plant builder and operator, will allow natural gas producers to convert methanol directly into transportation fuel.
    "We are pleased to license the MTG technology from EMRE, which will enable us to economically produce gasoline from natural gas," stated Tim Vail , president, CEO and founder of G2X Energy.
    G2X Energy will leverage its strategic partnership with the Proman Group, a leading process plant engineering and operating company, and EMRE's MTG technology, to create a platform to expand natural gas' role in the existing transportation fuels market. The gasoline produced by G2X Energy's facilities requires no further refining or processing prior to direct blending into gasoline. These facilities and the fuel they produce can be used in existing vehicles and can be distributed by today's infrastructure.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • HOUSTON [January 18, 2013]—G2X Energy, Inc., a developer of advanced natural gas-to-gasoline projects, today marks the groundbreaking ceremony for its Pampa, Texas-based methanol plant—Pampa Fuels—with a site visit and formal remarks by Texas State Senator Kel Seliger. The announcement concludes an active week for G2X Energy, which also announced a long term, multi-site agreement with ExxonMobil Research and Engineering Company (EMRE) for natural gas-based methanol-to-gasoline projects (link to PR) and plans for a $1.3B natural gas-to-gasoline facility in Southwest Louisiana (link to PR).

      Located on a brownfield site previously owned by Celanese Chemical and utilizing some existing operational equipment, the Pampa Fuels facility represents a modern example of reusing existing industrial infrastructure to lower capital cost for the production high-value fuels and chemicals. According to an independent economic study conducted by MIG, Inc., phase one of the project will result in 160 construction jobs, 35 full-time permanent positions and 21 new jobs for the trucking and rail industries, which will transport large volumes of daily methanol shipments to customers when full-scale production begins in 2014. The facility will produce approximately 65,000 metric tons of finished product annually to meet growing regional demand in North Texas and Oklahoma.

      “Today, we’ve come together to recognize a Texas-based company working to create local jobs and revitalize a site that has been vacant for four years–achievements we can all celebrate,” said Texas Senator Kel Seliger. “We’re proud to welcome G2X Energy into our community and anticipate much success on the horizon, both here in Texas and across the country.”

      Driven by an abundance of shale gas and high demand for cost-competitive fuels and chemicals, G2X Energy is currently developing U.S.-based methanol-to-gasoline projects that require no further refining or processing prior to direct blending into finished gasoline. In Pampa, G2X Energy will leverage its strategic partnership with the Proman Group, an international player in process plant engineering and operations; Southern Chemical Corporation, a leader in methanol sales and distribution; and local engineers to achieve initial operations in Q2, 2014.

      “What sets G2X Energy apart is our ability to build upon proven conversion technologies and infrastructure that have come before to bring high-value methanol and gasoline to market,” said Tim Vail, president, CEO and founder of G2X Energy. “We thank Senator Seliger for his support in our march toward the economically efficient, domestic production of methanol and gasoline from natural gas.”

 
LINE
31.72+0.27(+0.86%)Aug 29 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.