OCM

Natural gas is the fastest growing energy resource in most regions of the world, driven by superior environmental performance as well as attractive economics for base load use in power generation. Natural gas deposits are often located in areas far from their markets such as in the extreme south of Chile, in Qatar or in the North Atlantic Ocean.

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The source of natural gas provides a breakdown of global reserves, indicating the relatively low reserves in the major consuming centers of North America, Europe, and Asia. Even if natural gas is cheap at the source, transportation to the market is expensive. It is liquefied by cooling, for example in Qatar, or else is processed to methanol in order to ship this more expensive material. Thus there is a drive to develop new technologies to allow efficient and cost-effective monetization of these stranded assets.

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Ethylene is an important building block in the production of many common and commercially important materials, such as plastics and chemicals and Ethylene end use markets are diverse, owing to the wide spectrum of derivatives. These end use markets include: wire and cable insulation; consumer, industrial and agricultural packaging; woven fabrics and assorted coverings; pipes, conduits and assorted construction materials; drums, jars, containers, bottles and the racks in which to hold them; antifreeze, solvents and coatings. Demand growth is therefore dependent on numerous final end markets .

Currently Low natural-gas prices drove us to work since 2003 on a cost-effective process to transform the natural gas directly into ethylene and C2+ by Oxidative Coupling of Methane process (OCM). Our company is ready to go to market after operating a demonstration facility, and a partner global company is seeking to build a plant based on the technology.

In OCM process, methane is transformed to ethylene. We’re always going to have lots of natural gas; now we have to find an economical way to make the products that we want out of it.  At Green R & D we have a patent to produce these products economically.

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This new technology has proven cost effective even if natural gas prices rise much higher than today’s lows. It will truly be a game-changing technology. Others have not been able to implement this technique because of the catalyst performance and exothermic reaction issues.  We have been able to control the heat problem by water. Using natural gas, this process would be 40 percent less than the cost of ethane-based ethylene production at the current prices.