14 September 2011 20:31 [Source: ICIS news]
HOUSTON (ICIS)--The abundance and low cost of natural gas in the US makes it the ideal feedstock for the production of synthetic gasoline, the chief executive of US-based synthetic fuel producer Accelergy said on Wednesday.
For example, in order for biomass to account for just 10% of the country’s energy needs, all the arable land in the US would have to be converted to fuel production, which would leave none for food, Vail said.
Natural gas, on the other hand, is abundant and cheap.
Vail said there are currently opportunities in the market for methanol-to-gasoline plants, where both products could be sold.
“Depending on market conditions you can shift between what you want to produce,” he said. “We find that this is an excellent opportunity and [way to mitigate] risk.”
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