Velocys, Tetracore sign MOU to evaluate modular GTL in Nigeria
- Velocys and Tetracore signed an MOU to evaluate licensing Velocys' modular microFTL Fischer-Tropsch technology for the Atakobo GTL project in Ogun State, Nigeria.
- Proposed plant would convert about 55 MMSCFD of natural gas into roughly 5,000 BPD of liquid fuels.
- Target products are diesel, Jet-A1 and naphtha for domestic and regional markets.
- Project is intended to support gas monetization, domestic fuel supply and Nigeria's gas-led industrialization.
MOU and scope
Velocys and Tetracore GTL Limited signed an MOU to evaluate licensing Velocys' modular microFTL Fischer-Tropsch technology and associated engineering and technical support for the Atakobo GTL project in Ogun State, Nigeria.
Project scale and outputs
The proposed facility would convert about 55 MMSCFD of natural gas into roughly 5,000 BPD of liquids, targeting diesel, Jet-A1 and naphtha for local and regional markets.
Strategic intent
Developed by Tetracore as part of its downstream strategy, the Atakobo project aims to support gas monetization, domestic fuel supply, industrial development and energy security under Nigeria’s gas-led industrialization agenda.
Technology
Velocys' microFTL is a compact, modular Fischer-Tropsch system designed for higher heat-transfer efficiency and lower infrastructure intensity than conventional large-scale GTL; the technology has been demonstrated at commercial scale producing synthetic fuels and wax products.
Source: Velocys