Macquarie Mandated Advisor on ZeoGas’s Project Debt
JUN 10, 2015 - 7:27 am
ZeoGas, a developer of plants to monetize cheap and abundant U.S. natural gas by converting it into higher value, globally fungible liquid products like high-octane gasoline blendstocks, announced it has mandated Macquarie Capital to serve as its financial advisor for the arrangement of non-recourse project financing debt in relation to its first proposed plant strategically located in the upper Gulf Coast.
Macquarie, already a participant in ZeoGas’ development financing, has also extended its participation in ZeoGas’ development financing as part of this debt mandate.
ZeoGas has previously announced that it has licensed from Air Liquide Global E&C Solutions, a subsidiary of Air Liquide Group, the world leader in gases, technologies and services for Industry and Health, its 5,000 metric ton per day MegaMethanol production process technology and that it has licensed ExxonMobil Research and Engineering company’s methanol to gasoline technology that uses proven zeolite catalytic process to convert methanol into high-octane, zero-sulfur gasoline blendstock and LPGs, particularly propane and iso-butane.
”We are excited to have Macquarie join our world class group of advisors and project partners who are all committed to our mission of converting clean natural gas into gasoline,” said Timothy D. Belton, founder and CEO of ZeoGas. “Macquarie’s expertise and advice will be invaluable in helping to bring this project to fruition.”
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