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Thursday, August 21, 2014

Louisiana Draws Gas-to-Liquids Investments

ID-10082401

Credit: freedigitalphotos.net.

Juniper GTL plans to invest $100 million to transform a dormant steam methane reformer in Louisiana into a natural gas-to-liquids (GTL) facility.

The project is set to provide clean waxes, drilling fluids, diesel, and naptha to Louisiana-area companies, Juniper President Vianney Vales announced in an event with Gov. Bobby Jindal. The governor highlighted the expansion of clean GTL operations in Louisiana, and the benefit industry jobs can offer the state.

“Louisiana continues to be at the forefront of next-generation energy solutions, and we are proud to attract yet another great foreign investment in this key sector of our state’s economy,” said Jindal. “Louisiana has now attracted three major GTL project wins to the Southwest Region because of our great energy workforce, our world-class infrastructure and our strong business climate that is rapidly rising to the top.”

Major industry investments by Sasol and G2X Energy have already begun moving billions of dollars into the Louisiana construction and GTL industries. The $100 million Juniper GTL project is scheduled to create 29 direct jobs and 112 indirect jobs in the Westlake region. Venture partners SGC Energia SA of Portugal and Houston-based Great Northern Project Development LP conceived the Juniper GTL project.

–Brian Lane

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