Oxford Catalysts reports synthetic fuels market growth

Clean synthetic fuels company Oxford Catalysts has announced an improvement in market conditions for smaller-scale synthetic fuels production and consequently, a high level of interest in its own technology.

The discovery and development of the vast shale gas reserves in North America, coupled with increasing demand for oil and sustained production constraints that have driven crude prices back towards $100 per barrel, have created an increasingly attractive environment for synthetic fuels production through Gas-to-Liquids (GTL).

According to Oxford Catalysts, long-term expectations of continued lower gas prices and increasingly high oil prices mean that GTL provides a clearly quantifiable market arbitrage opportunity.

The company added that market conditions for Biomass-to-Liquids (BTL) and Waste-to-Liquids (WTL) are also very favourable as governments and industry have come to recognise the important role these synthetic fuels could play in supplementing oil-based transportation fuels, whilst alleviating environmental pressures – as BTL and WTL fuels can reduce carbon footprint by up to 90 per cent compared to fossil fuels.