Key Developments: Biofuels Power Corp (BFLS.PK)

BFLS.PK on OTC Markets Group

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22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Biofuels Power Crop announces plans to build gas-to-liquids pilot plant in Houston, Texas
Monday, 4 Aug 2014 08:00am EDT 

Biofuels Power Corp:Signs letter of intent with ThyssenKrupp Industrial Solutions (Africa) (Pty) Ltd (ThyssenKrupp) and Liberty GTL, Inc. (Liberty) to build small-scale gas-to-liquid demonstration facility in Houston, Texas (GTL Pilot Plant).Parties have established a non-binding target date to complete installation and commissioning of the GTL Pilot Plant on or before Dec. 31.Purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil.BFLS will operate the GTL Pilot Plant for 2-year demonstration.ThyssenKrupp will provide technical services and contribute a previously operating auto-thermal reformer pilot plant of proven design (ATR), which will be used to generate synthesis gas feedstock for the production of synthetic crude oil.Liberty will provide intellectual property and operating know-how regarding crude oil synthesis along with the relevant catalyst supply.The Liberty technical team is also credited for designing the FT (Fischer Tropsch) Reactor which will convert the synthetic gas to synthetic crude oil.The GTL Pilot Plant will be assembled at the Houston Clean Energy Park, which is an industrial estate owned by BFLS.  Full Article

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