Velocys and TOYO Engineering. An integrated approach to the implementation of GTL

Transcription

1 Velocys and TOYO Engineering. An integrated approach to the implementation of GTL

2 Gas transportation & conversion Natural Gas Gas Separation Plant Syngas Generation (CO & H2) C2 Power Generation Elec. Power Liquefaction LNG FT Synthesis GTL Methanol Synthesis MeOH Methanol Dehydration DME LPG MTO/ MTG Condensate Shift Conversion CO2 Removal NH3 Synthesis NH3 Urea Synthesis Urea 2014

3 Smaller scale GTL Large scale LPG or GTL projects similar to the one in Qatar. Smaller scale GTL focuses on small and medium sized gas fields Fields 800+: trillion cubic feet (13 54 billion cubic meters) 1 trillion cubic feet 15 million tons of LPG (1,000,000 t/year x 15 years) or 15,000 barrels per day of GTL for 20 years 2014

4 Why GTL? Many applications GTL "delivers" the gas from remote, stranded sources to the market For locations without pipelines For locations without access to the pipelines for a producer Access to global markets Avoid flaring penalties and unlock value of oil production Produce liquid fuels for isolated markets Domestic prices for diesel fuel can exceed $ 1,000 per tonne GTL gives more options for producers Diversification of pricing from gas to oil, increasing margins 2014

5 Smaller scale GTL as a solution to flaring - flaring by region Avoid flaring penalties and unlock oil production Source: KPMG report

6 GTL unit and required facilities Process ISBL Off Site Facility Product STORAGE TANK Loading Facility Natural Gas NG Waste Water Condensate Electricity CW Naphtha Kerosene Diesel IA/PA/N2 Steam BFW Utility Facility Cooling Water Facility Raw Water Water Treatment Facility Steam Generation Facility Elect. Power Generation Facility Waste Water Treatment Facility IA/PA Facility IGG Facility 2014

7 Toyo s experience overview EPC World Wide EPC Contractor with extensive field of industry and region. Technology Own technologies (Urea, MeOH, DME, Syngas) and good relation with licensors (GTL, NH3, MTG) in the field of Gas monetization Region Significant Experience of project in Russia and familiar with Russian standard and its local site condition. 2014

8 TOYO s worldwide experience since 1961 CIS POLAND CANADA NETHERLANDS HUNGARY U.K. F.R.G. U.S.A PORTUGAL SPAIN IRAQ BANGLADESH QATAR SAUDI ARABIA TAIWAN MYANMAR Oman U.A.E INDIA 18 THAILAND VIETNAM PHILIPPINES MALAYSIA VENEZUELA SINGAPORE COLOMBIA PERU EGYPT TRINIDAD & TOBAGO P.R.CHINA IRAN PAKISTAN SYRIA JAPAN KUWAIT ALGERIA MEXICO KOREA ROMANIA BULGARIA TURKEY ITALY SLOVAK BRUNEI BRAZIL INDONESIA 12 Over 1,600 Plants Over 60 Countries AUSTRALIA NO. OF PLANTS IN OIL & GAS FACILITIES & ENVIRONMENT PETROCHEMICAL NUCLEAR & ENERGY CHEMICAL INDUSTRIAL SYSMTEM NEW ZEALAND FERTILIZER /11/5 2014

9 Demonstration plant in Brazil 2014

10 FT products from the demonstration plant in Brazil 2014

11 Velocys Leader in smaller scale GTL Leader in smaller scale gas-to-liquids technology 15 years and >$300 million invested in product development Exhaustive global patent protection 900 patents worldwide) First class partner offering a complete GTL solution (in Russia and CIS countries) Toyo Engineering Commercial roll-out underway GTL JV, GreenSky/BA, Ashtabula, Red Rock Biofuels Critical mass Well capitalised with strong resources 100 office employees in Houston, Texas; near Columbus, Ohio; and Oxford, UK. Permanent pilot plant in operation GTL JV LLC Ashtabula GTL Solena GreenSky London

12 The GTL process scheme The role of Velocys Natural gas Reforming Fischer-Tropsch (FT) Syngas (carbon monoxide + hydrogen) Syncrude (synthetic crude oil) Hydro-processing Clean, finished fuels & chemicals Or blend into crude Finished products: Diesel Jet fuel Naphtha Plus specialty products if required Drilling fluid Waxes Lubricants Solvents

13 GTL for the mainstream of the industry Modular GTL plant from Velocys Broader range of sites 1,500-10,000 barrels per day (65, ,000 tonnes per year or 150 1,000 million m3 /year gas) Suitable for remote locations Lower risk Smaller investments Less risk of cost over-runs Commercial reactor Reduced costs Standardized modules and reactors Possible integration with existing facilities Easier to execute and expand Quicker plant construction Easier to permit, supply, build and operate Additional trains can be added later 1,400 bpd FT process unit designed by Ventech 27.5 m L x 14 m H x 12 m W

14 Commercial projects

15 JV with Waste Management, NRG Energy and Ventech Monetising renewable gas with natural gas through GTL WM (Fortune 500) North America s leading provider of comprehensive waste management services Role: renewable gas and certain locations NRG (Fortune 500) Owns largest independent power generation portfolio in US Role: project development and management Ventech Global leader in design and construction of modular refineries Role: engineering, fabrication, EPC

16 First JV project Go-ahead received Adjacent to WM East Oak landfill in Oklahoma City, USA Site of GTL plant Existing pilot plant and lab Landfill Final Investment Decision made to proceed (July 2014): Upfront engineering complete; key permits received; all major contracts signed Construction begun; mechanical completion end of 2015; full operation Q1-Q Will provide first Velocys commercial reference plant

17 Acquisition of leading project developer Delivering the Ashtabula GTL opportunity to market Velocys selected by the developer of Ashtabula GTL in September 2013 as FT technology provider This leading project developer of smaller scale GTL in North America was acquired by Velocys in June 2014 Houston-based Project team now operates as part of Velocys Portfolio of sites under development across North America First project will be 4,200 bpd GTL plant in Ashtabula, Ohio, USA First phase of a 10,000+ bpd facility Substantial existing infrastructure enhances economics at site FEED work underway; air permits being resubmitted for larger plant size Velocys technology remains fully available for license to others

18 Ashtabula GTL project GTL in the Marcellus/Utica Ashtabula GTL site Will convert abundant low-cost natural gas into: High value specialty products (solvents, lubricants and waxes) Ultra clean transportation fuels

19 Ashtabula GTL project Site location & layout Lake Erie Ashtabula GTL Site benefits from access to substantial existing infrastructure

20 GreenSky London Renewable jet fuel in London Velocys selected by Solena Fuels as FT supplier for commercial 2,500 bpd wastebiomass-to-liquids plant GreenSky London plant in partnership with British Airways Competitive selection process after technology evaluation advised by Fluor BA to provide off-take for jet fuel Pre-Front End Engineering completed Site selection announced April 2014 Site of former Coryton oil refinery in Thurrock, Essex, UK Picture courtesy of British Airways

21 Manufacturing Ready for mass deployment Multi-million dollar state-of-the-art reactor production facility Cost effective mass production Consistent high quality Initial capacity supports 10,000 bpd/yr of orders Reactor manufacture Plans in place to support a 4x capacity increase Reactor approved as fit for deployment Catalyst service partner trained and certified Catalyst loading

22 Thank you for your attention Yury Shcherbanin Business Development Director Toyo Engineering Corporation Moscow Office Michael Pruchnie Business Development Manager, Russia & Caspian region Velocys (Office) (Mobile) (Office) (Mobile)