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for Women & Men! GTL MILESTONE
The 34 000 bl/d Oryx gas to liquid (GTL) plant that South African petrochemicals giant Sasol commissioned in Qatar early this coming year is expected to begin contributing to the firm earnings inside the 2007 financial year.
The project will make a contribution to the group earnings inside the second half of the financial year, group manager of Sasol inter national business, Lean Strauss, says. CE Pat Davies adds that it is unusual for a project the dimensions of Oryx to contribute to a company earnings in the same year what has commercial production commences.
The R7 billion Oryx project, a joint venture between Sasol and Qatar Petroleum, did start to produce final product after January, after a delay in commissioning. Commissioning in the plant the globe largest GTL facility was shifted from your first quarter of 2006 on the last quarter of this year, with delays caused by problems
First shipment of final product, some 30 000 t, was planned for that end with this month and Sasol states that oakley sunglasses cheap it is assessing the initial findings from commissioning, launch and first production.
had teething problems, but we are back on track, Davies says. Sasol is additionally undertaking feasibility work on additional Qatar projects.
Meanwhile, he reports that Sasol is checking possibility of creating a similar plant converting gas into fuel, nationwide. He adds that a feasibility study has started, but that one commercial terms are not finalised.
On progress in Nigeria, where Sasol is developing a plant of similar size to Oryx, Davies reports that this engineering and procurement contract with the Escravos GTL plant is progressing understanding that beneficial operation is required in December 2009. Currently, Sasol has trained about 200 Nigerians to operate the Escravos GTL plant, which operates on the all Fischer Tropsch technology.
This project is the second of several GTL plants that Sasol desires to build in gas rich parts of the world. Sasol also states that it is evaluating bid parameters to build oakley sunglasses sale a GTL plant in Algeria.
Sasol, the entire world top producer of fuel from coal, oakley sunglasses sale says that various commercial milestones are still outstanding for the coal to liquids (CTL) venture in China knowning that these deals must be in ray ban wayfarer 90% off place for that negotiations to grab speed.
In June, Sasol and China opted for go ahead together with the second phase of an feasibility study on building two CTL plants in the Chinese provinces of Ninxia and Shaanxi, when Chinese Premier Wen Jiabao toured Nigeria on a State visit. A few months later, Sasol officially opened an office building in China.
Davies claims that the latest capital estimates are from the original $5 billion for 80 000 bbl/d.
The company also reports that a feasibility study a second CTL plant in South Africa, which would add to the 150 000 bl/d plant in Secunda, is progressing.
Davies states that the project, dubbed Project Mafutha, will feed in a market and then there is a supply crunch and that the company is seeking to proceed by it. He notes, however, it has to make economic sense before Sasol will issue it.
Sasol as well as the South African government have experienced informal discussions around the possibility of developing a new plant, first mooted in 2006.
Meanwhile, discussions with several Indian ministers and also sector participants, which began this past year to investigate possible CTL opportunities, are ongoing.
Strauss adds the Indian Finance Minister has consented to allow the use of coal to generate liquids. Also, he notes that the country is considering legal amendments to proceed with CTL projects and adds that incentive packages are considered.