Foster Wheeler to work with ZeoGas on US Gulf gas-to-gasoline plant
9/18/2014 12:00:00 AM
Foster Wheeler has entered into a collaboration agreement with ZeoGas, the companies announced on Thursday.
In the first instance, Foster Wheeler will support ZeoGas’ final site selection and project planning towards the development of ZeoGas’ first fuels manufacturing plant, to be located on the US Gulf Coast.
The terms of the agreement were not disclosed, and the contract value for an initial release of work related to the development of a cost estimate and assistance in final site selection and due diligence will be included in the company’s third-quarter 2014 bookings. Further bookings will be made as work is released by ZeoGas.
ZeoGas’ Syngas to ZeoGas TM process (STZ TM) converts a variety of feedstocks to synthesis gas and then to transportation fuels. ZeoGas previously announced that it has licensed from Air Liquide its 5,000-tpd MegaMethanol production process technology for its first plant to convert clean natural gas feedstock to syngas and then to methanol.
“Our first plant is unique because it’s based exclusively on two proven, commercial-scale technologies and provides a significant volume of product derived from plentiful natural gas," said Timothy D. Belton, CEO of ZeoGas.
"Our partnership with Foster Wheeler completes the integrated approach ZeoGas has taken in developing our technology and engineering teams around global leaders that have deep experience with these proven technologies and in successfully delivering world-scale projects," he added.
ZeoGas has also announced that it has licensed ExxonMobil Research and Engineering Company’s (EMRE) methanol-to-gasoline (MTG) technology to produce RON 92, zero-sulfur, low benzene gasoline.
“Foster Wheeler has a longstanding track record in the development and safe, successful delivery of technically complex, world-scale projects, and in-depth technical expertise in a wide range of innovative gas-to-products solutions ," said Roberto Penno, CEO of Foster Wheeler's global engineering and construction business.
"We have a talented team working on ZeoGas’ exciting planned investment, and I believe we have already established the very close working partnership with ZeoGas that will enable us to add real value during the development of this ground-breaking project,” he added.
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