The Fischer Tropsch ProcessInteresting news release. It looks like G4G is leveraging technology from South Africa to projects in the rest of the world. Both the iron production and now fuel production has application in critical commodities. If the technology works, G4G could become very large and successful in a few years.
From the new release at the bottom . . .
History of the Fischer Tropsch Process
The Fischer Tropschtechnology ("FT") was originally discovered in the 1920's by Germanscientists and by 1938 Germany was running nine industrial plants whichproduced fuel from coal. In the 1950s, the South African Coal Oil andGas Corporation (SASOL) commissioned an FT plant based on coal inSasolburg, South Africa. Research on FT has continued ever since atSASOL. Due to the oil crisis of the mid 1970s SASOL constructed twomuch larger coal-based FT plants which came on-line in 1980 and 1982respectively. These two plants produce approximately 160,000 bbl/day offuel which supplies 28% of South Africa's fuel requirements. Furthercommercial ventures, which have used natural gas as a feedstock,include Shell's plant in Malaysia and PetroSA plant in South Africa. Inthe last few years the interest for FT has grown significantly due tothe increase in as well as the high demand for energy. Recentcommercial ventures include the development of Gas-To-Liquids ("GTL")plant, Oryx GTL, in a joint venture of SASOL with Qatar Petroleum atRas Laffan in Qatar.