07 June 2011 16:37 [Source: ICIS news]
(updates with more detail in paragraphs 5 and 6)
SINGAPORE (ICIS)--Shell is on schedule to have its huge gas-to-liquid (GTL) project in ?xml:namespace>
The Anglo-Dutch oil major has invested about $18bn-19bn (€12-13bn) in the project.
The Pearl GTL facility, at Ras Laffan, is the world’s biggest with a production capacity of 1.6 billion cubic feet of gas a day when fully operational. This will be processed to generate 120,000 bbl/day of GTL gasoil, kerosene, base oils, n-paraffins and naphtha.
“What we say about Pearl [GTL] is that the project is on track for GTL train 1 across mid-2011, start-up of train 2 before the end of 2011 and fully ramped up by mid-2012,” said the spokesperson in an e-mailed statement.
Dick Benschop, President of Shell Netherlands, said the company had produced its first petroleum wax from the facility at the end of May and expected “that refined products will come out (of the facility) soon”.
“When it is fully ramped it will add almost 8% to Shell’s production worldwide,” Benschop said on Tuesday at the 16th Asia Oil and Gas Conference (AOGC) in Kuala Lumpur.
Pearl GTL is a joint venture between Shell and Qatar Petroleum.
The project is expected to provide the ethane feedstock for a planned cracker project of the two companies in
($1 = €0.69)
Additional reporting by James Dennis
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections