17 May 2011 16:07 [Source: ICIS news]
HOUSTON (ICIS)--Jacobs will work with BP and Davy Process Technology to seek deployment opportunities and find licensees for a process that transforms syngas into liquid hydrocarbons, the US-based petrochemicals engineering firm said on Tuesday.
BP and Davy have demonstrated the technology at a semi-commercial scale project in ?xml:namespace>
The economic attractiveness of converting stranded natural gas or coal reserves into liquid fuels is growing because of increasing global demand for fuels, Jacobs added.
Financial terms were not disclosed.
Davy is a subsidiary of UK-based specialty chemicals and catalysts firm Johnson Matthey.
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