New Technologies

MODEC, Velocys, Inc and Toyo Engineering are working together to develop and implement a GTL technology that will allow the offshore oil and gas industry to capture and monetize associated natural gas that is currently flared or re-injected into the reservoir. The GTL application is a tremendous opportunity as over 3,000 trillion cubic feet of natural gas are currently stranded (without access to world markets).

(Image courtesy of Velocys, Inc.)