Colver Technologies says it has been invited to sign a contract with a subsidiary of European oil major ENI.
Liaoning, China-based small scale gas-to-liquids solutions provider, Colver Technologies says it has been formally invited to sign a contract which will see it supply its modular Fischer-Tropsch-based reactors to Rome, Italy-based integrated oil and gas energy conglomerate, ENI.
The deal, which has been several months in the making, finally lifted the confidentiality agreement enabling Colver Technologies to name the company.
The contract will see Colver Technologies deploy its reactors at up to 31 oilrigs including several in the Niger Delta. The reactors will convert run off gas generated as a byproduct of deep water drilling into liquid distillates like diesel and gasoline. “Our reactors will help ENI do away with the traditional practice of flaring gas off into the atmosphere and help to reduce the damage on the environment,” said Gus Stuyvesant, the company’s Chief Operating Officer.
“We would like to take this opportunity to correct an error in our reporting of the progress of this landmark deal. Some months ago, we erroneously suggested that the company, which was unnamed at the time, had been charged by the Nigerian authorities with breaking rules over flaring and had been fined. That was incorrect and we offer an unreserved apology,” explained Stuyvesant.
Colver Technologies says it will begin staggered deployment of its modular GTL reactors at 2 deep water oil production installations in the Niger Delta within the next two months with further rollout at 2 sites in the Gulf of Mexico in the first quarter of 2016.
“This will represent a crowning achievement for our company and is the culmination of years of hard work and dedication by the dedicated employees, management and backers,” explained Stuyvesant.
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