Gas to liquids (GTL)
The U.S. produced more energy in 2024 than ever before
In 2024, the U.S. produced a record amount of energy, according to data in the U.S. Energy Information Administration’s (EIA’s) Monthly Energy Review. U.S. total energy production was more than 103 quadrillion British thermal units in 2024, a 1% increase from the previous record set in 2023. Several energy sources—natural gas, crude oil, natural gas plant liquids, biofuels, solar and wind—each set domestic production records last year.
Honeywell to acquire Sundyne to expand critical equipment portfolio and aftermarket services
Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis.
Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings
Howard Energy Partners (HEP) has closed on the purchase of EPIC Midstream Holdings’ ethylene pipeline. The 120-mi, 12-in. bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas.
Comstock Fuels, Emerging Fuels Technology to advance SAF, other renewable fuel yields
Comstock Inc. has announced that its wholly-owned subsidiary, Comstock IP Holdings LLC, has executed a technology cooperation agreement (TCA) with Oklahoma (U.S.)-based Emerging Fuels Technology Inc. (EFT).
Verde Clean Fuels receives $50-MM investment from Cottonmouth Ventures for the potential development of GTG plants in the Permian Basin (U.S.)
Proceeds from the investment are expected to be used to further the development and construction of potential natural gas-to-gasoline production plants in the Permian Basin (U.S.). The proposed plants would produce fully-refined gasoline utilizing Verde’s patented STG+® process from associated natural gas feedstock supplied from Diamondback's operations in the Permian Basin.
Willis Sustainable Fuels selects McDermott for sustainable aviation fuel facilities in the UK
McDermott has been awarded a master services agreement (MSA) by Willis Sustainable Fuels (UK) Limited (WSFL) for sustainable aviation fuel (SAF) facilities in the UK.
Regulators approve Cerilon's $3.2-B GTL plant in North Dakota (U.S.)
North Dakota utility regulators have approved a $3.2-B gas-to-liquids plant project by Canadian company Cerilon, to be built near Trenton in Williams County. The plant will convert natural gas into higher-value products like diesel fuel and lubricants.
Biofrigas inks agreement to deliver infrastructure for the liquefaction of upgraded biogas
Biofrigas has signed a letter of intent with a biogas producer in Finland regarding the delivery of infrastructure for the liquefaction of upgraded biogas.
Methanex buys OCI Global's methanol business for $2.06 B
OCI Global announced that it has reached an agreement for the sale of 100% of its equity interests in its Global Methanol Business to Methanex Corporation for a total consideration of $2.05 B on a cash-free and debt-free basis.
Shell to leverage proprietary structural performance management software for various facilities
Under this agreement, Shell will leverage Akselos’ Structural Performance Management (SPM) software to monitor the structural health of critical assets across the Shell portfolio in near real-time. Akselos’ SPM software will help enable Shell to optimize the lifecycle of critical assets safely and sustainably.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
