Colver Technologies says its technology has been instrumental in the survival of several US-based shale gas drillers.
Colver Technologies’ small-scale GTL solutions have been instrumental in helping embattled shale gas producers in the United States generate much-needed income amid plunging commodity prices according to Lim Wu, the company’s Chief Executive Officer.
Mr. Wu was speaking to delegates at a renewable energy conference in Beijing, China where Colver Technologies was hoping to attract prospective investors ahead of what will be a major announcement relating to the company’s future.
“Our small-scale solutions have enabled high-cost shale gas producers to generate valuable income by selling premium price gas distillates like gasoline and clean diesel made from low-price base commodity like natural gas. This has meant that they can keep generating good revenues despite the difficult challenges facing them in what is the new normal of low oil and energy prices for some time,” he explained.
Alongside crude oil, natural gas prices have been under pressure as the glut in global supply continues thanks to shale oil and gas drillers in the US and other parts of the world. Colver Technologies has provided its modular gas-to-liquids to several gas producers who have stranded gas and shale oil drillers who have typically “flared” the gas byproduct from their wells instead of harnessing it as a means of generating revenue.
Wim said that Colver Technologies remained committed to its mission to bring gas-to-liquids technology into the mainstream energy industry rather than see it exiled to the fringes with other renewable/sustainable fuel technologies like biofuels.
“Shale oil production has been hailed as the answer to the world’s energy challenges and lower oil prices have made many of us complacent. Making the most of everything we already produce is the way forward and we are at the vanguard of that drive,” concluded Wim.
About Colver Technologies
Colver Technologies’ modular GTL systems revolve around the Fischer-Tropsch reactor, a conversion technology developed in the 1920s by Franz Fischer and Hans Tropsche in Germany in 1925. It facilitates the production of significantly cleaner-burning liquid fuels like diesel and jet fuel from natural gas that contains no sulfur. We are committed to doing our part to drive uptake of GTL fuels as global efforts to reduce emissions increase and have invested heavily to ensure the continuing development of this highly attractive alternative to conventional energy production.
Contact Colver Technologies:
Longzhimeng Asia-Pacific Center
22 Pangjiang Street
Dadong, Shenyang, Liaoning
China
contact@colvertech.com
http://www.colvertech.com
862422599383