Growing regulatory pressure to reduce emissions resulting from transportation fuels will continue to push the refinery infrastructure to produce low-sulfur transportation fuels. At the same time, the growth in worldwide energy demand has led to an increased emphasis on developing ways to monetize the large volumes of natural gas located far from traditional markets (“stranded gas”) as well as the large reserves of coal that are present in countries with depleting oil resources. Gas-to-liquids (GTL) technology addresses these issues by providing a gas-monetization alternative to liquefied natural gas (LNG) that produces a diesel fuel that is essentially sulfur-free. Coal-to-liquids (CTL) utilizes some of the same technologies (synthesis gas production and Fischer-Tropsch (FT) conversion) to produce similar fuels.
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