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First Titan invests into lucrative gas-to-liquids market


Published Oct 15, 2013
First Titan Corp.-2

First Titan Corp. is in negotiations to invest in BioFuels Power Corp. to further its gas-to-liquids project in the $5.29 billion GTL market.

The GTL process takes advantage of the current low cost of natural gas and abundant supplies produced from unconventional shale resources and enhances the opportunity to profitably convert natural gas to higher value liquid fuels.

According to a recent report by Forbes, Shell has an almost $20 billion project in Qatar to exploit inexpensive natural gas, and Sasol is investing between $16-$21 billion to create a facility for conversion of natural gas to diesel fuel.

On a smaller scale, companies are looking to create GTL opportunities where gas byproduct from oil production is far removed from pipelines and thus flared, and from smaller gas fields where scale has been a limiting factor.

Tags: First Titan Corp.




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