By Cameron Chai
BioSyn, a company that designs and develops biomass-centric feedstock-flexible refineries, has decided to construct its 4th phase of biomass-centric feedstock-flexible biorefinery project before schedule in cue with the large cost difference between crude oil and natural gas.
The project commences with the building of a 300-bpd fourth generation gas-to-liquids demonstration plant. The demonstration plant will offer functional expertise and techno-economic information to BioSyn and its engineering, EPC contractors and process licensors.
The fourth generation Fischer-Tropsch technology consists of a small plant with low finance requirement. The products produced include 95% C5-C18 fraction with absence of over 50% isoparaffinic structure and oxygenates. This prevents using high CAPEX hydrocracking facility, which is required for 3rd generation GTL plants producing waxy products.
The 4th generation GTL plant with architecture technology from BioSyn will be using CO2 and natural gas as feedstock. Additionally, the plant will generate more hydrogen, which will be used for carbon-neutral power plants in future.
Currently, long term production of natural gas is feasible due to the development of horizontal drilling and hydraulic fracturing technologies, which is used to identify the natural gas reserves in the US. The gas costs remaining $15.00 per barrel of oil equivalent (BOE) in the south and crude oil costs remaining $100.00 per barrel in the north, the commercial prospects for converting natural gas to transport fuel has opened.
BioSyn focuses on technology developments for biomass-centric feedstock-flexible refineries, which produces ultraclean RFS2-compliant green transportation fuels.