Natural Gas to Liquid
Converting abundant low cost natural gas to high value transportation fuels offers great opportunity for the United States to secure its energy supply. A significant reduction in gas prices over the last few years and an escalation in oil prices have led to a high spread between oil and gas prices. The shale gas boom in North America presents a viable growth opportunity with the de-linking of oil and gas prices, and the abundance of natural gas at relatively low prices in North America. This has improved economics for GTL and made it the most promising alternative for adding value to the natural gas assets in North America. Wyoming GTL will be well positioned to convert low-priced gas into high-value transport fuels. The resources in Wyoming present an opportunity for Wyoming GTL to harness low-cost gas as a feedstock and convert it into higher-value liquid fuels, high in demand. With crude oil and energy prices rising to ever higher levels, the conversion of natural gas to hydrocarbon liquids represents an attractive route for monetizing gas resources.
Electric Applications Incorporated (EAI) personnel working under contract with the ALABC and the Idaho National Laboratory (INL) conducted extensive characterization of both the Furukawa and the East Penn UltraBattery. This work included life-cycle testing under a test cycle based data collected from the Honda Civic operating on a dynamometer on the Urban Dynamometer Driving Schedule (UDDS) and Highway Fuel Economy Test (HWFET) cycles. This UltraBattery life-cycle test simulates operation of the battery pack in a Honda Civic HEV and allows laboratory life-cycle testing of the UltraBattery to be completed on a time accelerated basis.
EAI has been contracted to provide technical consultant service to the project. EAI is responsible to prepare material in support of the investor package which provides background on the Wyo GTL low temperature slurry process, then compares this process with alternative processes. This comparison will be both technical and economic. The service scope includes:
To provide input to the Investor Report that demonstrates that the Wyo GTL process is both reliable and cost effective and represents the best possible technology