Gas to liquid (GTL) system is a refinery
method to convert natural gas into longer-chain hydrocarbons, such as diesel
fuel or gasoline. It is mainly produced by the process of Fischer-Tropsch
technique. It consists of zero sulfur content and higher amount of cetane. It can
offer reduction or elimination in the quantity of NOx and particulate
emissions. It comprises of three key process steps. First & foremost
process, the natural gas is transformed to synthesis gas, which is a
combination of gases encompassing unreacted methane, carbon monoxide, carbon
dioxide and hydrogen. The second process is the Fischer Tropsch (FT), which
converts hydrogen & carbon monoxide to long chain hydrocarbons. In the
final step, the hydrocarbons are upgraded & refined into a definite state
of liquid fuels.
According to study, “Global
Gas to liquid (GTL) Market Information Report by Product (GTL Diesel,
and GTL Naphtha), by Application (Fuel Oil, Lubricating Oil, Process Oil, and
Others) and by Region - Global Forecast To 2022” the key companies operating in
the global Gas to liquid (GTL) market are Sasol Limited, Velocys Plc., PetroSA,
ORYX GTL, Royal Dutch Shell plc., OLTIN YO'L GTL, Chevron Corporation. The
market is moderately consolidated among top players in the industry, due to
high entry barriers for instance raw material scarcity, high capital costs, and
intensive technology that prevent new entrants.
Based on product type, Gas to liquid (GTL)
market is segmented into GTL naphtha and GTL diesel. Based on product size,
market is segmented into small-scale plant and large-scale plant. Based on
processing technology, market is segmented into Fischer-Tropsch (FT), Methanol
to Gasoline (MTG), and Syngas to gasoline plus process. FT process holds major
share inn market owing to high demand for partial oxidation of hydrogen &
natural gas, followed by a cracking process. In addition, based on application,
market is segmented into fuel oil, process oil, lubricating oil, and others.
The Gas to liquid (GTL) market is driven by
rise in demand for energy, followed by increase in initiatives for the
conversion of waste natural gas into liquid fuels, surge in transportation
requirements in numerous nations, increase in demand for clean fuel, growth in
investment in GTL projects and rise in government policies that support the
production of clean fuel. However, high cost involved in the expansion of gas
to liquids plants coupled with size constraints of slurry based & fixed
reactors may impact the market. Moreover, with rise in natural gas consumption
particularly in countries such as Japan, India, and China the introduction of
lesser sized micro-channel reactors in place of conventional reactors can open
opportunities for the market.
Based on geography, Gas to liquid (GTL) market
is segmented into Europe, North America, Asia Pacific (APAC), Middle East and
Africa (MEA) and Central & South America. Most GTL plants are currently
located in South Africa, Nigeria, Mozambique, Qatar, leading to high
consumption in MEA. Rise in plant construction owing to increase in energy
consumption in Singapore, Japan, Malaysia, China, and India is expected to
increase demand in APAC region. It is projected that the market will be reached
at rapid pace on account of rise in demand for alternative energy sources and
increase in concerns over fossil fuel depletion during the forecast period.
For more information, click on the
link below:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91
9015378249
No comments:
Post a Comment