"With natural gas prices expected to remain low for many years to come, Primus' STG+ technology is well positioned to take advantage of today's market conditions without needing to spend enormous capital on engine and delivery infrastructure modifications," said Doyle. "As the most efficient GTL process on the market, the STG+ platform outshines competing platforms in terms of readiness to build, economic viability and technical ingenuity. I look forward to bringing my experience in project management and operations to help commercialize this technology, which has enormous potential to make a lasting impact on the alternative fuel industry and the entire energy landscape."Primus Green Energy's first commercial plant will be designed to produce more than 25 million gallons per year of gasoline from natural gas-derived syngas, leveraging prices of domestically abundant natural gas that are their lowest in decades. Primus Green Energy estimates that the cost of production for its fuels will be competitive with petroleum-based fuels when crude oil is trading at $65 per barrel (oil is currently trading at approximately $95 per barrel).
BP Biofuels Executive Joins Primus Green Energy As Chief Infrastructure Officer
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