Gas-to-Liquids Processes that Produce Chemicals and Energy Products

January 08, 2009

Wellesley, Mass—According to a new technical market research report, GAS-TO-LIQUIDS PROCESSES THAT PRODUCE CHEMICALS AND ENERGY PRODUCTS (EGY021B) from BCC Research (www.bccresearch.com), the global market for gas-to-liquids (GTL) technologies was worth $4.4 billion in 2008. This is expected to increase to $5.9 billion in 2009 and $12.0 billion in 2014, for a compound annual growth rate (CAGR) of 15.3%.

The market is divided into production technique segments for GTL, coal-to-liquids (CTL) and biomass-to-liquids (BTL) technologies. Of these, the CTL segment has the largest share of the market, with $2.5 billion in revenues in 2008. This is slated to increase to $3.0 billion in 2009 and $6.0 billion in 2014, for a CAGR of 15.0%.

The GTL segment is the second largest, with sales of $1.8 billion in 2008. This should increase to $2.7 billion in 2009 and $5.0 billion in 2014, for a CAGR of 13.0%.

BTL has the smallest share of the market, worth $100.0 million in 2008 and an estimated $200.0 million in 2009. This segment should reach $1.0 billion in 2014, for a CAGR of 38.0%.

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A significant amount of the world's natural gas resources are stranded, far from existing markets. GTL technologies can economically convert these resources into high-quality, ultra-low sulfur fuels that can be transported to consumers or used in remote locations.

Nearly every major oil company has announced plans to investigate producing synthetic diesel fuel via a gas-to-liquids process. Currently, only a handful of companies such as established GTL companies Sasol, Shell, Syntroleum, and Rentech are the dominant producers.

There are, however, numerous “second-tier” companies that have sizable GTL support operations in engineering, design, plant construction, ancillaries and related activities. Generally, research and development are improving the efficiency and economics of GTL production as well as quantifying the costs and benefits of production and use of GTL fuel in vehicles.

Gas-to-Liquids Processes for Chemicals and Energy Production ( EGY021B )
Publish Date: Jan 2009    

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