Ben Franklin’s SGICC Releases Study on the Small Scale Conversion of Natural Gas to Methanol – An Opportunity for Using PA Generated Natural Gas
June 2, 2015 | By Business Wire News
STATE COLLEGE, Pa.
Using funds provided by the Pennsylvania Department of Community & Economic Development (PA DCED), the Shale Gas Innovation & Commercialization Center (www.sgicc.org) commissioned a study on the potential to convert natural gas to methanol on a small to medium size plant scale, and the center is releasing the study for review today. Go to http://www.sgicc.org/dced-grant-white-papers.html to access the report.
The SGICC commissioned ADI Analytics, a boutique consulting firm focused on oil and gas, energy, and chemicals to perform the study which addresses the techno-economic feasibility of various smaller scale operations that could convert natural gas to methanol serving a regional market while also addressing the market needs for methanol in the northeast.
Bill Hall, SGICC Director commented, “Key to the ongoing success of the shale energy industry in the Commonwealth is finding outlets for the significant quantities of natural gas being produced here that are currently overwhelming the available pipeline take-away capacity. Our initial analysis of ways to use the gas uncovered the conversion to methanol as one avenue worth further investigation, and the report validates this opportunity as something worth analyzing by anyone seriously considering investing in downstream uses of the gas.”
About SGICC:
The Ben Franklin Shale Gas Innovation and Commercialization Center (www.sgicc.org), an initiative of Ben Franklin Technology Partners/CNP (http://www.cnp.benfranklin.org) is designed to harness innovation and new technologies as a means to maximize the economic return to Pennsylvania’s citizens from the various shale formations comprise part of the energy reserves of the Commonwealth. The Center also identifies, supports and helps commercialize technologies and early-stage businesses that enhance responsible stewardship of the environment while properly utilizing this transformative energy asset.
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Shale Gas Innovation & Commercialization Center (SGICC)
Bill Hall, Executive Director, 814-863-4881
billhall@psu.edu
