Global Gas-to-Liquids Processes for Chemicals and Energy Market 2015 to Reach $15.5 Billion by 2022
The Global Gas-to-Liquids processes for chemicals and energy market is expected to reach $9.2 billion growing at a CAGR of 6.7% to reach $15.5 billion by 2022. Gas to liquids (GTL) is a refinery process that converts natural gas into liquid fuels such as gasoline. Methane-rich gases are renewed into liquid synthetic fuels either via direct conversion via syngas as an intermediary. Rapid energy consumption and price of oil and gases are the foremost drivers for gas to liquid market,...
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