Post on 27-Jul-2015
Methaforming®
Production of high-octane gasoline from low-octane hydrocarbons and methanol at ½ the current cost
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Solution: Methaforming, One Step Conversion of Hydrocarbons with Methanol into Gasoline
• Simple ONE STEP process
• No precious metals in the catalyst
• High yield of high-octane gasoline blendstock
• Low capital and operating costs
Methaforming unit
3-10 atm370-490 C
Stab
ilize
r
Methanol (~25%)
Naphtha (35-160°C)
H2, H2SС1-С4
Gasoline blendstockHigh octane10-30 ppm sulfur<1.3% Benzene
Water
NGTS HTC presentation October 2014
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Methaforming vs Reforming: Much Simpler and Cheaper
Catalytic Reforming & Isomerization
Hydrotreatment*
Reforming
Isomerization
85 – 180 oС
35 - 85 oС
NaphthaHigh
octane gasoline
Benzene reduction
• Most common technology• Feed hydrotreatment required• Several process units
* If sulfur <500ppm in naphtha
Catalytic reforming and isomerization
Reduce cost of gasoline by 50%
Methaforming
NGTS HTC presentation October 2014
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Competition: Methaforming vs Reforming
For 20k BPD unit Methaforming Reforming ∆ Methaforming- Reforming
Yields, $MM/yr 178 172 +6opex, $MM/yr 10 18 -8capex, $MM 48 100 -52Total NPV, $MM 1094 947 +147
Methaforming yields are $0.80/B better than reforming
Methaforming is better than reforming:• $6 MM/yr better yields• $8 MM/yr lower opex• $52 MM lower capexNet present value is $147 MM better
NGTS HTC presentation October 2014
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The Market – the World and the US
Replace reforming in new refineries and expansions– Worldwide gasoline growth 2 %/yr– Requires 1.8 million BD of reforming capacity
Other applications of the technology as specialty process– convert pyrolysis gasoline into higher valued aromatics– convert LPG into gasoline blendstock
In the US, opportunity to convert condensate into high octane gasoline– Condensate exports could reach 1 million BD by 2023– Methaforming condensate gives 23 $/B net margin
NGTS HTC presentation October 2014
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Pilot Plant Results and Plan Laboratory plant
Pilot plant
Micro plant• Reactor volume – 10 ml• Capacity – 0.014 bpd• Total test time - 5+ yearsLaboratory plant• Reactor volume – 0.1 L• Capacity – 0.14 bpd• Total test hours > 2000 • Typical hours per test – 200Pilot plant• Reactor volume – 2 L• Capacity – 3 bpd• Start up – Nov 2014• Confirm yields, catalyst life and scale up
NGTS HTC presentation October 2014
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240 BPD Demo Plant
• Based on an idle existing naphtha to BTX* converter
• Reactor volume – 2 m3
• Capacity – 240 bpd
• Start up – 2015
• Status: negotiations are in process
Idle naphtha to BTX converter
NGTS HTC presentation October 2014* Benzene-Toluene-Xylene mix.
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2- 4 k BPD Commercial Demo Plant
• Based on an idle existing naphtha reformer or hydrotreater
• Reactor volume – 20 m3
• Capacity – 2 to 4 k bpd
• Start up – 2017
• Status: Looking for idle units in Russia and the US
Idle hydrotreater
NGTS HTC presentation October 2014
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Core Team: Solid Skills in All of the Key Areas
Denis Pchelintsev – CEO
Co-founder of several successful technology startups, previously - CEO NIPTIEP Institute. Ph.D in engineering.
Joseph Lischiner – TechnologistCo-inventor, author of the first Russia gas-methanol-gasoline and oligomerization plants. PhD in chemical engineering.
Stephen Sims – NGTS - North America President
Energy Advisor at Houston Technology CenterPresident of startup, General Methanol; Career with major oil: Exxon, Citgo, ConocoPhillips
Alexei Beltyukov– Chairman of the Board of DirectorsEntrepreneur, several profitable exits. Started Brunswick Rail (now >$2bn); managed a portfolio of underperforming assets, IRR>42% over 9 years. Previously at McKinsey&Co.
NGTS HTC presentation October 2014
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Technology:• Methods for scaling fixed-bed reactors are
well known• Catalyst is sulfur-tolerant. Sensitivity to other
impurities will be extensively tested.• Using an experienced industrial catalyst
manufacturer
Legislation:• Use proven consultants to address local
environmental concerns• Four Russian patents received. Applying for
3 international (PCT) patents.
Addressing the Risks
NGTS HTC presentation October 2014
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Summary
Methaforming produces high-octane gasoline from low-octane hydrocarbons and methanol at ½ the current cost
Stephen Sims, President – NGTS North America S.Sims@NGTS.US 832-640-5921
NGTS HTC presentation October 2014