[Context: On December 4, Sterling Private Capital-backed Greyrock Energy announced final investment decision to build a gas to liquids plant in Alberta. Further details and related links are below.]


Sterling Private Capital Greyrock Energy

Greyrock Announces Final Investment Decision by Rocky Mountain GTL to Construct Canadian Gas-to-Liquids Project

SACRAMENTO, Calif., Dec. 4, 2017 /PRNewswire/ — Greyrock Energy, Inc. today announced final investment decision by the Rocky Mountain GTL Board of Directors to proceed with the construction of a commercial Gas to Liquids (“GTL”) plant 60 kilometers east of Calgary, near Carseland, Alberta called the Caseland Enhanced GTL (EGTL™) Project.

The EGTL™ project will use Greyrock’s Direct Fuel Production™ system and GreyCat™ catalyst and will include enhancements by Expander Energy, Inc.

The plant will use natural gas and natural gas liquids (NGL) as feedstocks. Products produced will include a synthetic diesel fuel and naphtha. The diesel fuel is a premium product that has ultra-high cetane, zero sulfur, and good lubricity. In addition, the liquid fuel products produced are clean burning and can be used in existing diesel engines.

“Greyrock congratulates the Rocky Mountain GTL team on completing their fundraise and kicking off construction of the plant,” said Robert Schuetzle, CEO of Greyrock. “Production of synthetic fuel products from alternative resources, including natural gas, NGLs, flare gas, CO2, biomass and other resources is the important step in the evolution of petroleum based fuels to fuels that are cleaner burning and with an improved carbon footprint.”

A recent study by Greyrock and partners concluded that PM (Particulate Matter) emissions from current vehicles in could be reduced by approximately 19% by simply blending 20% synthetic diesel with currently available diesel. This improvement can be accomplished with no changes to the current vehicle fleet, no material changes to infrastructure and no involvement by the consumer. Other benefits from a 20% fuel blend include reductions in carbon monoxide (CO), nitrogen oxides (NOx), and methane (CH4) emissions by a projected 24%, 5.5%, and 11%, respectively.

Additional advantages of synthetic fuel use include improved fuel economy, enhanced vehicle performance and increased engine life.

About Greyrock Energy:

Greyrock has developed its state of the art Direct Fuel Production™ technology and GreyCat™ catalyst, enabling production of clean liquid fuels from a variety of gas resources, including flare gas, bio-gas, natural gas, natural gas liquids, and other waste gases. Greyrock systems enable customers to solve key environmental and energy challenges.

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