Velocys Enters Into Joint Venture to Develop Gas-to-Liquids Plants
Velocys plc has entered a joint venture with Waste Management, NRG Energy and Ventech Engineers International to develop gas-to-liquids (GTL) plants in the United States and other select geographies.
The joint venture will pursue the development of multiple plants utilizing a combination of renewable biogas (including landfill gas) and natural gas. Waste Management intends to supply renewable gas and, in certain cases, project sites. All four members will work exclusively through the joint venture to pursue GTL development in the U.S., Canada, United Kingdom and China.
The companies plan to build a plant at Waste Management’s East Oak landfill site in Oklahoma this year.
“Development activities for additional facilities are expected to commence shortly,” the company said.
For more information, visit www.velocys.com.