Gas to Liquids (Gtl) Market - Global Industry Analysis, Trends & Forecasts 2014 – 2020

The rapid industrial development has led to the increased demand for the conventional sources of energy. However, the limited presence of these sources put an extra burden on the demand supply gap. As the population continues to grow, the conventional sources of energy must be used more efficiently, and alternative sources are needed to close the demand and supply gap. Gas to liquids (GTL) technology converts the methane rich gases into more economical and cleaner synthetic fuels. The increase in energy consumption coupled with the environmental regulations related to the clean fuel development, can have a direct impact on global gas to liquids (GTL) market. For the past few years, many big companies have started to develop the synthetic fuels, based on gas to liquids (GTL) technology. According to World Bank, around 150 billion cubic meters of natural gas is flared ever year, which can be converted into useful synthetic fuels using gas to liquids (GTL) technologies.

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The segmentation of the gas to liquids (GTL) market can be done on the basis of size, production process, applications and the location of major gas to liquids (GTL) plants. On the basis of size, the gas to liquids (GTL) plant is classified as: small scale and large gas to liquids (GTL) plant. The gas to liquids (GTL) generation can be achieved in three ways: the Fischer-Tropsch process, Methanol to Gasoline (MTG) process and Syngas to gasoline plus process. The Fischer-Tropsch process includes the partial oxidation of natural gas, hydrogen gas and carbon dioxide, followed by the cracking process. In the Methanol to Gasoline (MTG) process, methane is first converted to methanol using a sequence of three chemical reactions: steam reforming, water shift reaction and synthesis reaction.

The methanol so produced is converted into gasoline by using Mobil process. The syngas to gasoline plus process...