INPEX announces JAPAN-GTL process won the Japan institute of energy award 2012 in technical division
Thursday, Dec 20, 2012
Japan Oil, Gas and Metals National Corporation (JOGMEC), INPEX CORPORATION, JX Nippon Oil & Energy Corporation, Japan Petroleum Exploration Co., Ltd, Cosmo Oil Co., Ltd, NIPPON STEEL & SUMIKIN ENGINEERING CO., LTD and Chiyoda Corporation (JOGMEC and aforementioned six private sector companies are referred to as "Seven Companies") won the Japan Institute of Energy (JIE) Award 2012 in Technical Division for the establishment of a JAPAN-GTL (Gas to Liquids) Process.
The JIE was founded in 1921 with the aim of contributing to the progress of science and technology related to fuel or energy, and played a role as the sole authoritative professional society in developing fuel and energy industrial economy. The JIE holds approximately 1,400 members. The awards in Academic Division and in Technical Division are given to an individual or organization who has achieved distinguished result in the area of academic or technical field.
GTL is a technology that converts natural gas into liquid petroleum products, and is considered to be a highly effective method for securing alternative fuel source and diversification of energy supplies. The fuels produced by GTL technology are also expected to be environmentally-friendly clean fuels.
The award was decided from the following three points which are highly appreciated: (i) the three main processes of the JAPAN-GTL (Syngas Production, FT Synthesis, Hydrotreating/Upgrading) were developed based on the technology originated in Japan, (ii) it can contribute to enhancement of energy security for Japan and help Japanese companies acquire oil and natural gas assets overseas, and (iii) the JAPAN-GTL Process is a groundbreaking technology that would, for the first time, allow natural gas containing carbon dioxide to be directly used in a GTL conversion.
Source: INPEX Corporation
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