Fuels

Fuels

The size of the transportation fuels market is staggering. The worldwide gasoline market represents nearly $700 billion per year in revenue and consumes approximately 25% of the 84 million barrels of crude oil used each day. The Energy Information Administration (EIA) of the U.S. Department of Energy reports that almost 10 million barrels (420 million gallons) of gasoline are consumed in the U.S. daily, accounting for almost half of the 20 million barrels/day crude oil demand, two-thirds of which is imported.

The primary products of the GRT Technology are liquid transportation fuels.

Commercial gasoline is a complex and variable blend of hydrocarbons as fuel producers are forced to create products that comply with increasingly stringent regulatory requirements and automotive specifications. Clean burning, high-octane hydrocarbons command a premium.

The GRT Technology produces high-octane gasoline hydrocarbons from natural gas rather than crude oil and is considered a sulfur-free “clean fuel”.

Though gasoline is the dominant liquid transportation fuel in the U.S., the world market for middle distillate fuels, such as diesel and jet fuel is slightly larger, accounting for almost 25% of world crude oil demand. Similar to gasoline, diesel fuel is also a blend of different hydrocarbon components, which on average have more carbon atoms than those in gasoline. The GRT Technology can produce sulfur-free hydrocarbons for blending into middle distillate fuels with properties particularly important for jet fuel blends.