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CompactGTL Chairman Tony Hayward and Minister Uzakbay Karabalin have signed a Memorandum of Cooperation to support the development and implementation of innovative associated gas processing technologies in Kazakhstan with the implementation of the world’s first commercially deployed small scale GTL plant.
“The plant is expected to bring with it significant future commercial and environmental benefits. Up to 820,000 cubic meters of associated gas that might otherwise be wasted will be fed through the plant every day to produce approximately 3,000 bpd of synthetic diesel. In a year, the plant is expected to monetize over 300 million cubic meters of gas,” said in the Compact GTL.
Kazakhstan offers considerable potential for CompactGTL’s proven small-scale GTL technology. Kazakhstan is a major producer of oil and is also one of the leaders globally in seeking to use new technology to bring environmental benefits to the country. The new GTL plant will contribute to President Nazarbayev’s “Strategy of innovative development of Kazakhstan until 2020” by creating a local high technology industry that processes associated gas to produce fuels for local consumption. CompactGTL, together with investors from Kazakhstan, have agreed to finance, design and build the up to 3,000 bpd GTL plant, using CompactGTL’s technology and plant design.