Kawasaki Heavy Industries invests in CompactGTL
28 Jun 2012
London – Kawasaki Heavy Industries (KHI) has taken a minority shareholding (2.2%) in CompactGTL –a developer of modular gas to liquid solutions. Terms of the agreement were not announced.
In addition to investing in the company, KHI has become ‘a strategic supply chain partner to execute the reactor modularisation for its modular gas to liquids commercial scale plants,’ CompactGTL said..
The announcement of the KHI investment follows a similar agreement with Sumitomo Corp. in 2010, when it took a minority shareholding in CompactGTL.
Sumitomo Precision Products manufactures and supplies the proprietary SMR and FT brazed reactor blocks for CompactGTL, which will then be modularised by KHI.
An additional benefit of the agreement with KHI allows for the construction of the reactors and the subsequent modularisation to be executed in close proximity as KHI’s facilities, in Harima, are only a short distance from the Sumitomo Precision Products plant in Amagasak, Japan.
The shipping of the complete reactors will then take place from Kawasaki’s quayside facilities at Harima, to clients around the world.
The announcement of the KHI deal completes the CompactGTL supply chain and follows on from the recent announcement that Johnson Matthey is the strategic partner for the development, manufacture and supply of catalysts for its modular gas to liquids commercial scale plants.
This year CompactGTL was also able to announce that Petroleo Brasileiro SA had qualified and approved the technology for commercial deployment, building on the successful commissioning and extensive testing of the world’s first, fully integrated, modular GTL facility.
CompactGTL is currently undertaking project studies on behalf of international oil and gas industry clients for remote oilfields both onshore and offshore. Recently it confirmed that it is working with Russian company Gazprom Promgaz.
