Download pptx - Ngts customer presentation 19 oct14

Methaforming®

Production of high-octane gasoline from low-octane hydrocarbons and methanol at ½ the current cost

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Solution: Methaforming, One Step Conversion of Hydrocarbons with Methanol into Gasoline

• Simple ONE STEP process

• No precious metals in the catalyst

• High yield of high-octane gasoline blendstock

• Low capital and operating costs

Methaforming unit

3-10 atm370-490 C

Stab

ilize

r

Methanol (~25%)

Naphtha (35-160°C)

H2, H2SС1-С4

Gasoline blendstockHigh octane10-30 ppm sulfur<1.3% Benzene

Water

NGTS HTC presentation October 2014

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Methaforming vs Reforming: Much Simpler and Cheaper

Catalytic Reforming & Isomerization

Hydrotreatment*

Reforming

Isomerization

85 – 180 oС

35 - 85 oС

NaphthaHigh

octane gasoline

Benzene reduction

• Most common technology• Feed hydrotreatment required• Several process units

* If sulfur <500ppm in naphtha

Catalytic reforming and isomerization

Reduce cost of gasoline by 50%

Methaforming


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Competition: Methaforming vs Reforming

For 20k BPD unit Methaforming Reforming ∆ Methaforming- Reforming

Yields, $MM/yr 178 172 +6opex, $MM/yr 10 18 -8capex, $MM 48 100 -52Total NPV, $MM 1094 947 +147

Methaforming yields are $0.80/B better than reforming

Methaforming is better than reforming:• $6 MM/yr better yields• $8 MM/yr lower opex• $52 MM lower capexNet present value is $147 MM better


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The Market – the World and the US

Replace reforming in new refineries and expansions– Worldwide gasoline growth 2 %/yr– Requires 1.8 million BD of reforming capacity

Other applications of the technology as specialty process– convert pyrolysis gasoline into higher valued aromatics– convert LPG into gasoline blendstock

In the US, opportunity to convert condensate into high octane gasoline– Condensate exports could reach 1 million BD by 2023– Methaforming condensate gives 23 $/B net margin


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Pilot Plant Results and Plan Laboratory plant

Pilot plant

Micro plant• Reactor volume – 10 ml• Capacity – 0.014 bpd• Total test time - 5+ yearsLaboratory plant• Reactor volume – 0.1 L• Capacity – 0.14 bpd• Total test hours > 2000 • Typical hours per test – 200Pilot plant• Reactor volume – 2 L• Capacity – 3 bpd• Start up – Nov 2014• Confirm yields, catalyst life and scale up


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240 BPD Demo Plant

• Based on an idle existing naphtha to BTX* converter

• Reactor volume – 2 m3

• Capacity – 240 bpd

• Start up – 2015

• Status: negotiations are in process

Idle naphtha to BTX converter

NGTS HTC presentation October 2014* Benzene-Toluene-Xylene mix.

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2- 4 k BPD Commercial Demo Plant

• Based on an idle existing naphtha reformer or hydrotreater

• Reactor volume – 20 m3

• Capacity – 2 to 4 k bpd

• Start up – 2017

• Status: Looking for idle units in Russia and the US

Idle hydrotreater


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Core Team: Solid Skills in All of the Key Areas

Denis Pchelintsev – CEO

Co-founder of several successful technology startups, previously - CEO NIPTIEP Institute. Ph.D in engineering.

Joseph Lischiner – TechnologistCo-inventor, author of the first Russia gas-methanol-gasoline and oligomerization plants. PhD in chemical engineering.

Stephen Sims – NGTS - North America President

Energy Advisor at Houston Technology CenterPresident of startup, General Methanol; Career with major oil: Exxon, Citgo, ConocoPhillips

Alexei Beltyukov– Chairman of the Board of DirectorsEntrepreneur, several profitable exits. Started Brunswick Rail (now >$2bn); managed a portfolio of underperforming assets, IRR>42% over 9 years. Previously at McKinsey&Co.


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Technology:• Methods for scaling fixed-bed reactors are

well known• Catalyst is sulfur-tolerant. Sensitivity to other

impurities will be extensively tested.• Using an experienced industrial catalyst

manufacturer

Legislation:• Use proven consultants to address local

environmental concerns• Four Russian patents received. Applying for

3 international (PCT) patents.

Addressing the Risks


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Summary

Methaforming produces high-octane gasoline from low-octane hydrocarbons and methanol at ½ the current cost

Stephen Sims, President – NGTS North America [email protected] 832-640-5921
