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Ventech and Velocys in JV with Waste Management and NRG for small-scale GTL projects

Waste Management to monetize waste biogas into GTL

2B1st_Project_Smart_Explorer_Sales_Pursuit_ToolVentech Engineering International LLC (Ventech), Velocys plc (Velocys), Waste Management Inc. (Waste Management) and NRG Energy Inc. (NRG) formed a joint venture to develop and promote  gas-to-liquids (GTL) small-scale production units to monetize biogas and natural gas.

These four companies are bringing together their respective expertise to take the fast growing opportunity opened from the sustained gap between the $4 per million btu gas price in the USA and the $100 per barrel of the light crude oil price.

Waste-Management_NRG_Ventech_Velocys_Oklahoma_Modular_GTL_Project_MapSince the transportation fuels and high added value lubricants issued from the GTL transformation are pricely indexed on the light crude, this process meets a great interest in the USA where gas prices stand at disesperatly low levels.

Houston-based, Waste Management is leading the North American market regarding the waste treatment.

The wastes generate naturally biogas which has been ignored so far by lack of adapted technologies and commercially viable business model to capture it and monetize it.

Also based in Houston, Velocys was formerly branded Oxford Catalysts and develop innovative technologies around the GTL solutions in the range of 1,500 to 15,000 barrels per day (b/d) of liquids.

In this small sizes, Velocys is proposing a competitive modular design to focus on all the processes generating untapped waste gas that could potentially be captured and monetized.

Petrobras is currently evaluating Velocys GTL technology to capture flared gas from the pre-salt crude oil for what should become the first floating GTL to be moored offshore Brazil.

Ventech – Velocys completed FEED on Oklahoma GTL

Headquartered in Pasadena, Texas, Ventech benefits from a long standing experience in modular design and construction of gas processing plants, refineries and petrochemical production units. 

Ventech know-how fits perfectly with the ambition of the joint venture to propose plug-and-play GTL small-scale units.

Waste-Management_NRG_Ventech_Velocys_Oklahoma_Modular_GTL_ProjectIn addition, this modular design enables the facilities to be dismantled and relocated on demand, thus optimizing the capital expenditure regardless the duration of the feeder.

On its side NRG competitive advantage as energy retailer relies on the diversification of its power production sources including solar and wind.

In that respect, biogas contributes to enrich its portfolio with the high added value GTL monetization across its geographical coverage.

After a pilot project installed in  Waste Management East Oak facilities in Oklahoma, the joint venture is planning to go for its first project, paving the way to a long series in the USA, Canada, China and UK.

With the conclusions of the pilot project, Velocys and Ventech completed the detailed design Oklahoma GTL project.

While all the permitting documents are expected soon,  Waste Management, NRG, Ventech and Velocys joint venture are planning the final investment decision (FID) for the East Oak Oklahoma GTL project by the end of 2014.

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