Analyzing Gas to Liquids Market 2018
Gas-to-Liquid (GTL) fuels can be produced from natural gas, coal, and biomass using a Fischer-Tropsch chemical reaction process. The liquids produced include naphtha, diesel, and chemical feed stocks.
It is expected that the market for gas to liquids (GTL) is going to witness a major boost as two large-scale GTL projects get completed by 2021 and 2024. As Sasol's coal to liquids plant in South Africa gets converted to a GTL plant by the end of 2024, and a delayed GTL facility in Uzbekistan will also finally come online by 2021, the industry will witness a huge jump in production. After this, there are no large-scale GTL facilities expected to be expanded or even built till 2040. This makes these two large GTL plants extremely important.
It is estimated that the global production from GTL plants as of 2017 stands at an average 230,000 barrels per day, or roughly 0.2 percent of the global liquids production. The majority of this production, about 90 percent, is derived from these four facilities - one in South Africa, one in Nigeria, and two in Qatar.
Aruvian Research brings you an in-depth focus on the technology of Gas to Liquids. Analyzing Gas to Liquids Market 2018 focuses on all aspects of the Fischer Tropsch process, conversion processes utilized on natural gas, the major companies which are investing in this technology, the reasons for investing in GTL and the investment scenario in the technology, and the financial difficulties faced during financing of projects.
The report looks at the growth factors, challenges and barriers, the concept of using GTL fuel for transportation, the economic feasibility of GTL technologies and GTL projects, the effect of GTL on the energy market, and of course, the basics of Gas to Liquid technologies. A lot more awaits you inside this comprehensive intelligent analysis of GTL technology and market.
The engineering process involved in GTL is a value enhancer to this edition, along with a look at how GTL can reduce emissions in the atmosphere.
An in-depth analysis of all major companies participating actively in GTL developments is also included in the report. Companies included in the report are:
It is expected that the market for gas to liquids (GTL) is going to witness a major boost as two large-scale GTL projects get completed by 2021 and 2024. As Sasol's coal to liquids plant in South Africa gets converted to a GTL plant by the end of 2024, and a delayed GTL facility in Uzbekistan will also finally come online by 2021, the industry will witness a huge jump in production. After this, there are no large-scale GTL facilities expected to be expanded or even built till 2040. This makes these two large GTL plants extremely important.
It is estimated that the global production from GTL plants as of 2017 stands at an average 230,000 barrels per day, or roughly 0.2 percent of the global liquids production. The majority of this production, about 90 percent, is derived from these four facilities - one in South Africa, one in Nigeria, and two in Qatar.
Aruvian Research brings you an in-depth focus on the technology of Gas to Liquids. Analyzing Gas to Liquids Market 2018 focuses on all aspects of the Fischer Tropsch process, conversion processes utilized on natural gas, the major companies which are investing in this technology, the reasons for investing in GTL and the investment scenario in the technology, and the financial difficulties faced during financing of projects.
The report looks at the growth factors, challenges and barriers, the concept of using GTL fuel for transportation, the economic feasibility of GTL technologies and GTL projects, the effect of GTL on the energy market, and of course, the basics of Gas to Liquid technologies. A lot more awaits you inside this comprehensive intelligent analysis of GTL technology and market.
The engineering process involved in GTL is a value enhancer to this edition, along with a look at how GTL can reduce emissions in the atmosphere.
An in-depth analysis of all major companies participating actively in GTL developments is also included in the report. Companies included in the report are:
- Cosmo Oil
- Chiyoda Corporation
- General Electric
- Qatar Petroleum
- Statoil
- Syntroleum
- Royal Dutch Shell
- Rentech
- PetroSA
- ExxonMobil
- ConocoPhillips
- Sasol Limited
- Chevron
- BP plc
A. EXECUTIVE SUMMARY
B. INTRODUCTION TO GAS TO LIQUIDS
B.1 History of Natural Gas
B.2 Present Day Status of Natural Gas Markets
B.3 Exploiting Natural Gas
B.4 Introduction to Gas-to-Liquids
B.5 What is Gas to Liquids?
B.6 History of GTL
B.7 Solution Options for GTL
B.8 Benefits of the Technology
B.9 Importance of GTL
B.10 Investing in GTL
B.11 Worldwide GTL Commercialization Activity
B.12 Business Outlook for GTL
C. GTL & IMPLICATIONS FOR THE ENERGY MARKET
C.1 Resource Consumption
D. GTL TECHNOLOGIES
D.1 Fischer-Tropsch Process
D.2 Syngas
D.3 Looking at the Major Technological Processes
D.3.1 ExxonMobil Process
D.3.2 Rentech Process
D.3.3 Sasol Process
D.3.4 Shell Process
D.3.5 Statoil Process
D.3.6 Syntroleum Process
E. MARKET STATUS OF GAS TO LIQUIDS
F. MARKET POTENTIAL OF GTL
F.1 Greenhouse Gas Contributions
F.2 Technological Strategies
G. ECONOMICS OF GTL
G.1 Capital Cost of GTL
G.2 Fuel Cost in GTL Process
G.3 O&M Cost of GTL
G.4 Other Revenues from GTL Products
G.5 Rentech’s Polygeneration Strategy
H. MAJOR ISSUES & CHALLENGES
H.1 Challenges in Size
H.2 High Capital Cost
H.3 Internal Energy Integration
H.4 Air Separation Unit Technical Issues
H.5 Syngas Generation Area Technical Issues
H.6 F-T Synthesis Technical Issues
H.7 Problems with Financing GTL Projects
H.8 Air Pollution
I. HOW TO ENGINEER A GTL PROJECT
I.1 Introduction
I.2 Opportunities in Process Engineering
I.3 The Fuel System
I.4 Looking at Capital Cost vs. Process Efficiency
I.5 Engineering Challenges
I.6 Looking at Engineering and Construction
I.7 Schedule for Building a GTL Facility
J. FACTORS PROMOTING GTL TECHNOLOGY
J.1 Global Climate Change
J.2 Gas Monetization
K. USING GTL FUEL FOR TRANSPORTATION
L. REDUCING EMISSIONS BY USING GTL TECHNOLOGY
M. COMPARING GTL AND LNG
M.1 Introduction
M.2 Market Potential: LNG versus GTL
M.3 Technological Comparison
M.4 Efficiency Comparison
M.5 Comparison of Capital Costs
M.6 Product Comparison
M.7 Conclusion
N. LEADING PLAYERS IN GTL
N.1 BP Plc
N.1.1 Company Overview
N.1.2 Business Segments
N.1.3 Focus on GTL
N.1.4 Financial Analysis
N.1.5 SWOT Analysis
N.2 Chevron Corporation
N.2.1 Company Overview
N.2.2 Business Segments
N.2.3 Sasol Chevron & Focus on GTL
N.2.4 Financial Analysis
N.2.5 SWOT Analysis
N.3 Sasol Limited
N.3.1 Company Overview
N.3.2 Business Segments
N.3.3 Focus on GTL
N.3.4 Financial Analysis
N.3.5 SWOT Analysis
N.4 ConocoPhillips
N.4.1 Company Overview
N.4.2 Business Segments
N.4.3 Focus on GTL
N.4.4 Financial Analysis
N.4.5 SWOT Analysis
N.5 Exxon Mobil
N.5.1 Company Overview
N.5.2 Business Segments
N.5.3 Financial Analysis
N.5.4 SWOT Analysis
N.6 Royal Dutch Shell Plc
N.6.1 Company Overview
N.6.2 Business Segments
N.6.3 Focus on GTL
N.6.4 Financial Analysis
N.6.5 SWOT Analysis
N.7 Statoil ASA
N.7.1 Company Overview
N.7.2 Business Segments
N.7.3 Focus on GTL
N.7.4 Financial Analysis
N.7.5 SWOT Analysis
N.8 General Electric Company
N.8.1 Company Overview
N.8.2 Business Segments
N.8.3 Focus on GTL
N.8.4 Financial Analysis
N.8.5 SWOT Analysis
N.9 Chiyoda Corporation
N.9.1 Company Overview
N.9.2 Business Segments
N.9.3 Focus on GTL
N.9.4 Financial Analysis
N.9.5 SWOT Analysis
N.10 Cosmo Oil Company
N.10.1 Company Overview
N.10.2 Business Segments
N.10.3 Focus on GTL
N.10.4 Financial Analysis
N.10.5 SWOT Analysis
N.11 Qatar Petroleum
N.11.1 Company Overview
N.11.2 Business Segments
N.11.3 Focus on GTL
N.11.4 Financial Analysis
N.11.5 SWOT Analysis
N.12 Syntroleum
N.12.1 Company Overview
N.12.2 Business Segments
N.12.3 Focus on GTL
N.13 PetroSA
N.13.1 Company Overview
N.13.2 Business Segments
N.13.3 Focus on GTL
N.13.4 SWOT Analysis
N.14 Rentech
N.14.1 Company Overview
N.14.2 Business Segments
N.14.3 Focus on GTL
N.14.4 SWOT Analysis
N.15 Petronas
O. MAJOR GTL PROJECTS
O.1 Uzbekistan GTL Project
O.2 Pearl GTL Project
O.3 Escravos Gas-to-Liquids Project, Niger Delta, Nigeria
O.4 Oryx Gas-to-Liquids Complex, Ras-Laffan, Qatar
O.5 Marathon, Syntroleum - Gas-to-Liquids Demonstration Plant, Tulsa, Oklahoma
O.6 Shell Bintulu
O.7 Sasol Chevron Project in Australia
P. FUTURE OF GAS TO LIQUIDS
Q. APPENDIX
R. GLOSSARY OF TERMS
B. INTRODUCTION TO GAS TO LIQUIDS
B.1 History of Natural Gas
B.2 Present Day Status of Natural Gas Markets
B.3 Exploiting Natural Gas
B.4 Introduction to Gas-to-Liquids
B.5 What is Gas to Liquids?
B.6 History of GTL
B.7 Solution Options for GTL
B.8 Benefits of the Technology
B.9 Importance of GTL
B.10 Investing in GTL
B.11 Worldwide GTL Commercialization Activity
B.12 Business Outlook for GTL
C. GTL & IMPLICATIONS FOR THE ENERGY MARKET
C.1 Resource Consumption
D. GTL TECHNOLOGIES
D.1 Fischer-Tropsch Process
D.2 Syngas
D.3 Looking at the Major Technological Processes
D.3.1 ExxonMobil Process
D.3.2 Rentech Process
D.3.3 Sasol Process
D.3.4 Shell Process
D.3.5 Statoil Process
D.3.6 Syntroleum Process
E. MARKET STATUS OF GAS TO LIQUIDS
F. MARKET POTENTIAL OF GTL
F.1 Greenhouse Gas Contributions
F.2 Technological Strategies
G. ECONOMICS OF GTL
G.1 Capital Cost of GTL
G.2 Fuel Cost in GTL Process
G.3 O&M Cost of GTL
G.4 Other Revenues from GTL Products
G.5 Rentech’s Polygeneration Strategy
H. MAJOR ISSUES & CHALLENGES
H.1 Challenges in Size
H.2 High Capital Cost
H.3 Internal Energy Integration
H.4 Air Separation Unit Technical Issues
H.5 Syngas Generation Area Technical Issues
H.6 F-T Synthesis Technical Issues
H.7 Problems with Financing GTL Projects
H.8 Air Pollution
I. HOW TO ENGINEER A GTL PROJECT
I.1 Introduction
I.2 Opportunities in Process Engineering
I.3 The Fuel System
I.4 Looking at Capital Cost vs. Process Efficiency
I.5 Engineering Challenges
I.6 Looking at Engineering and Construction
I.7 Schedule for Building a GTL Facility
J. FACTORS PROMOTING GTL TECHNOLOGY
J.1 Global Climate Change
J.2 Gas Monetization
K. USING GTL FUEL FOR TRANSPORTATION
L. REDUCING EMISSIONS BY USING GTL TECHNOLOGY
M. COMPARING GTL AND LNG
M.1 Introduction
M.2 Market Potential: LNG versus GTL
M.3 Technological Comparison
M.4 Efficiency Comparison
M.5 Comparison of Capital Costs
M.6 Product Comparison
M.7 Conclusion
N. LEADING PLAYERS IN GTL
N.1 BP Plc
N.1.1 Company Overview
N.1.2 Business Segments
N.1.3 Focus on GTL
N.1.4 Financial Analysis
N.1.5 SWOT Analysis
N.2 Chevron Corporation
N.2.1 Company Overview
N.2.2 Business Segments
N.2.3 Sasol Chevron & Focus on GTL
N.2.4 Financial Analysis
N.2.5 SWOT Analysis
N.3 Sasol Limited
N.3.1 Company Overview
N.3.2 Business Segments
N.3.3 Focus on GTL
N.3.4 Financial Analysis
N.3.5 SWOT Analysis
N.4 ConocoPhillips
N.4.1 Company Overview
N.4.2 Business Segments
N.4.3 Focus on GTL
N.4.4 Financial Analysis
N.4.5 SWOT Analysis
N.5 Exxon Mobil
N.5.1 Company Overview
N.5.2 Business Segments
N.5.3 Financial Analysis
N.5.4 SWOT Analysis
N.6 Royal Dutch Shell Plc
N.6.1 Company Overview
N.6.2 Business Segments
N.6.3 Focus on GTL
N.6.4 Financial Analysis
N.6.5 SWOT Analysis
N.7 Statoil ASA
N.7.1 Company Overview
N.7.2 Business Segments
N.7.3 Focus on GTL
N.7.4 Financial Analysis
N.7.5 SWOT Analysis
N.8 General Electric Company
N.8.1 Company Overview
N.8.2 Business Segments
N.8.3 Focus on GTL
N.8.4 Financial Analysis
N.8.5 SWOT Analysis
N.9 Chiyoda Corporation
N.9.1 Company Overview
N.9.2 Business Segments
N.9.3 Focus on GTL
N.9.4 Financial Analysis
N.9.5 SWOT Analysis
N.10 Cosmo Oil Company
N.10.1 Company Overview
N.10.2 Business Segments
N.10.3 Focus on GTL
N.10.4 Financial Analysis
N.10.5 SWOT Analysis
N.11 Qatar Petroleum
N.11.1 Company Overview
N.11.2 Business Segments
N.11.3 Focus on GTL
N.11.4 Financial Analysis
N.11.5 SWOT Analysis
N.12 Syntroleum
N.12.1 Company Overview
N.12.2 Business Segments
N.12.3 Focus on GTL
N.13 PetroSA
N.13.1 Company Overview
N.13.2 Business Segments
N.13.3 Focus on GTL
N.13.4 SWOT Analysis
N.14 Rentech
N.14.1 Company Overview
N.14.2 Business Segments
N.14.3 Focus on GTL
N.14.4 SWOT Analysis
N.15 Petronas
O. MAJOR GTL PROJECTS
O.1 Uzbekistan GTL Project
O.2 Pearl GTL Project
O.3 Escravos Gas-to-Liquids Project, Niger Delta, Nigeria
O.4 Oryx Gas-to-Liquids Complex, Ras-Laffan, Qatar
O.5 Marathon, Syntroleum - Gas-to-Liquids Demonstration Plant, Tulsa, Oklahoma
O.6 Shell Bintulu
O.7 Sasol Chevron Project in Australia
P. FUTURE OF GAS TO LIQUIDS
Q. APPENDIX
R. GLOSSARY OF TERMS
LIST OF FIGURES
Figure 1: Control over Production of Remaining Commercial Reserves of Natural Gas
Figure 2: Hydrocarbon Value Hierarchy
Figure 3: GTL Capacity Projection
Figure 4: Gas-to-Products (GTP) Options
Figure 5: Existing and Planned GTL Plants Globally
Figure 6: Energy Consumption of the GTL & Refinery Based System (TJ)
Figure 7: Energy Consumption of the GTL & Refinery Based System
Figure 8: Comparison of GTL-FT Barrel vs. Conventional Barrel
Figure 9: The Three Major Processes Involved in Converting Natural Gas into Syncrude
Figure 10: The Rentech Process
Figure 11: Sasol Slurry Process
Figure 12: Estimated Profit for Maximum and Minimum Wax Configuration (in USD per Barrel), 2015-2040
Figure 13: Life Cycle GHG Contributions of Refinery System Compared to the GTL System
Figure 14: GHG Contributions for GTL Fuel, Conventional Diesel & Ultra-Low
Figure 15: GHG Contributions for GTL Fuel, Ultra-Low Sulfur Diesel in Comparison
Figure 16: Integrated GTL Capital Cost Breakdown
Figure 17: Energy Issues in the Process
Figure 18: Acidification Contributions of GTL
Figure 19: Comparing Acidification Contributions of GTL Fuel, Conventional Diesel & Ultra-Low Sulfur Diesel
Figure 20: Photo-Oxidant Creation Contributions of GTL
Figure 21: Particulate Emissions of GTL vs. Refinery Based System
Figure 22: Basic GTL Flow Scheme
Figure 23: Indicative GTL Process Cost Breakdown
Figure 24: Bulk Material Quantities
Figure 25: GHG Contributions
Figure 26: Projected Potential Efficiency Improvements
Figure 27: Gas Liquefaction Process
Figure 28: Gas to Liquids FT Process
Figure 29: Breakdown of LNG Capital Costs
Figure 30: Capital Cost Breakdown of GTL
Figure 31: Tail Pipe Emissions GTL versus LNG
Figure 32: GTL Capacity Projection
Figure 33: Strategic Plan for GTL
Figure 34: Developing GTL Technologies
Figure 35: The Fischer Tropsch Process
Figure 36: Overview of GTL
Figure 37: Synthesis Gas: Feedstocks and Products
Figure 38: Water-Gas Shift
Figure 39: Fischer-Tropsch Synthesis
Figure 40: Fischer-Tropsch Reaction Network
Figure 41: Slurry Reactor for Fischer-Tropsch Synthesis
Figure 1: Control over Production of Remaining Commercial Reserves of Natural Gas
Figure 2: Hydrocarbon Value Hierarchy
Figure 3: GTL Capacity Projection
Figure 4: Gas-to-Products (GTP) Options
Figure 5: Existing and Planned GTL Plants Globally
Figure 6: Energy Consumption of the GTL & Refinery Based System (TJ)
Figure 7: Energy Consumption of the GTL & Refinery Based System
Figure 8: Comparison of GTL-FT Barrel vs. Conventional Barrel
Figure 9: The Three Major Processes Involved in Converting Natural Gas into Syncrude
Figure 10: The Rentech Process
Figure 11: Sasol Slurry Process
Figure 12: Estimated Profit for Maximum and Minimum Wax Configuration (in USD per Barrel), 2015-2040
Figure 13: Life Cycle GHG Contributions of Refinery System Compared to the GTL System
Figure 14: GHG Contributions for GTL Fuel, Conventional Diesel & Ultra-Low
Figure 15: GHG Contributions for GTL Fuel, Ultra-Low Sulfur Diesel in Comparison
Figure 16: Integrated GTL Capital Cost Breakdown
Figure 17: Energy Issues in the Process
Figure 18: Acidification Contributions of GTL
Figure 19: Comparing Acidification Contributions of GTL Fuel, Conventional Diesel & Ultra-Low Sulfur Diesel
Figure 20: Photo-Oxidant Creation Contributions of GTL
Figure 21: Particulate Emissions of GTL vs. Refinery Based System
Figure 22: Basic GTL Flow Scheme
Figure 23: Indicative GTL Process Cost Breakdown
Figure 24: Bulk Material Quantities
Figure 25: GHG Contributions
Figure 26: Projected Potential Efficiency Improvements
Figure 27: Gas Liquefaction Process
Figure 28: Gas to Liquids FT Process
Figure 29: Breakdown of LNG Capital Costs
Figure 30: Capital Cost Breakdown of GTL
Figure 31: Tail Pipe Emissions GTL versus LNG
Figure 32: GTL Capacity Projection
Figure 33: Strategic Plan for GTL
Figure 34: Developing GTL Technologies
Figure 35: The Fischer Tropsch Process
Figure 36: Overview of GTL
Figure 37: Synthesis Gas: Feedstocks and Products
Figure 38: Water-Gas Shift
Figure 39: Fischer-Tropsch Synthesis
Figure 40: Fischer-Tropsch Reaction Network
Figure 41: Slurry Reactor for Fischer-Tropsch Synthesis
LIST OF TABLES
Table 1: System Definitions for Life Cycle Assessment Studies
Table 2: Technical Comparison between GTL and LNG
Table 1: System Definitions for Life Cycle Assessment Studies
Table 2: Technical Comparison between GTL and LNG
