Based on successful research sponsored by the United States Department of Energy’s (DOE) National Energy Technology Laboratory at the University of Kentucky and LaPorte, Texas, a 10,000-barrel per day commercial-scale Gas-To-Liquids (GTL) plant will be constructed in Trinidad.
An agreement signed by Reema International and Parsons Energy and Chemicals Group establishes the project.
Reema has put together a group of investors with financing of up to $350 million. The estimated capital cost of the plant is $275 to $300 million. Parsons will serve as the architecture and engineering firm. Reema expects the engineering, procurement and construction phase to be completed in 36 months. The plant will convert about 100 million cubic feet per day of natural gas into about 10,000 barrels per day of diesel, jet fuels, naphtha and other high-quality specialty products.
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