GasTechno Energy & Fuels, a developer and manufacturer of single-step methane-to-methanol conversion plants, plans to introduce an equipment license-lease financing program. In advance of the license-lease program, GasTechno is offering biogas project developers the opportunity, until Aug. 31, to submit non-binding letters of intent to purchase one, or both, of its Mini-GTL methane-to-methanol conversion plants currently in construction.
GasTechno’s Mini-GTL plants convert raw landfill or digester biogas into renewable methanol and ethanol, which can be further processed into renewable dimethyl ether (DME) and dimethoxymethane (DMM) for use as alternative fuels in diesel and gasoline engines.
The Mini-GTL 300 system, designed to process up to 800 standard cubic feet per minute (SCFM) of raw biogas and produce up to 500,000 gallons per year (1,500 tons) of renewable methanol and ethanol, is being offered for $5.5 million. The higher capacity Mini-GTL 750 system, designed to process up to 2,500 SCFM and produce up to 2.34 million gallons per year (7,000 tons), is being offered for $8.5 million. A non-exclusive, royalty-free license is included with each plant purchase as an incentive to the first two customers. Optionally, GasTechno’s new CO2-to-ethanol system can be bundled for an additional charge to enhance product yields and reduce CO2 feedstock and process emissions. This technology was approved for patent on July 13 by the U.S. Patent Office.
Following initial Mini-GTL plant sales, GasTechno, with its financing partner, will begin to offer a $20 million equipment lease-license financing package for its proprietary Mini-GTL biogas systems. Each integrated system is equipped with a low-cost biogas pre-treatment system, a Mini-GTL 750 plant, gas compressor, oxygen system, power generation and fuel storage equipment delivered on a turnkey build-own-transfer (BOT) basis.
The equipment is being manufactured and assembled at GasTechno’s flagship energy center campus located in northern Michigan. GasTechno anticipates manufacturing up to 12 Mini-GTL plants per year to support the equipment license-lease program. The deployment of these smaller-scale systems in the renewable methanol markets will commence in 2024 and be followed by planned larger-scale system deployment of the sixth generation Mini-GTL 1500 plants beginning in 2025.
