Gas-to-Chemicals - A feasible option for adding value to national resources

Transcription

1 Gas-to-Chemicals - A feasible option for adding value to national resources Division Petrochemicals Uwe Zwiefelhofer Vice President Ferrostaal GmbH Petrochemicals

2 Shareholder and Business Structure Technology independent system integrator & EPC contractor Key Figures*: Revenue of 1,8 bn with 5400 employees in over 40 countries Ferrostaal GmbH (100% MPC Industries) Divisions Petrochemicals Power & Solar Industrial Plants Trading Assembly Solutions Project Management Project development Engineering Basic Detailed Procurement Equipment Bulk Construction Management Local Operation & Maintenance EPC Solutions: Turn-key general contractor integrating the most suitable technologies. * from I 2

3 Natural Gas Reserves in Africa Large quantities ready to create high value ~ 292 ~180 ~3 ~20 ~ ~ ~ 485 Shale Gas Ferrostaal GmbH Petrochemicals 2012 I 3

4 Natural Gas Reserves in Africa What do you want to do with your gas? Convert Burn Trade ~ 292 ~3 ~180 ~20 ~ ~ ~ 485 Shale gas Ferrostaal GmbH Petrochemicals 2012 I 4

5 Putting Natural Gas to Value Possible value creation with Natural Gas Trade Gas Burn Gas Convert Gas and trade as chemicals LNG Pipeline Power & Heat Chemicals Fertilizer Fuel (gasoline) World Scale Production Capacity 3-5 mmt/a Invest 3-5 bn$ World Scale Production Capacity MW Invest < 1 bn$ World Scale Production Capacity < 2 mmt/a Invest < 2 bn$ Gas reserve required > 3 (20 years) Added value 5-8 $/mmbtu Gas reserve required < 0,5 (20 years) Electricity for Infrastructure & Community Gas reserve required 0,5-1,5 (20 years) Added value $/mmbtu 2012 I 5

6 Putting Natural Gas to Value Possible value creation with Natural Gas Convert Gas and trade as chemicals Adds the highest value Chemicals Fertilizer Fuel (gasoline) Uses gas resources that would be too small for economic liquefaction World Scale Production Capacity < 2 mmt/a Invest < 2 bn$ Gas reserve required 0,5-1,5 (20 years) Added value $/mmbtu 2012 I 6

7 Conversion of Natural Gas Convert Gas to high value Products Today 5 tcf/a Natural Gas are converted into Fertilizer Ammonia Today 2,5 tcf/a Natural Gas are converted into Chemicals & Fuels Methanol Urea AN Formaldehyde Future Potential Acetic Acid to Gasoline to Olefins to DME to LPG to Polyolefins Melamine 2012 I 7

8 Mega Trends drive Market Growth Fertilizer, Fuels and Polyolefins 120mm t/a Growing population Greying population Mobility Energy Lite reducing energy intensity Fuel Production Costs Fertilizer Gasoline 2-3% pa until mm t/a < 2 % pa until mm t/a Light weight materials Plastics/ Polyolefins 5 % pa until I 8

9 Country Development with Petrochemicals Added Value and Employment Ammonia Urea Complex Methanol to Gasoline Capacity NH3: tpy Urea: tpy Capacity MeOH: 1,7 mil tpy Gasoline: tpy LPG: tpy Investment 1,2 bn US$ Investment 1,5 bn US$ Added value $ per tonne Urea Added value 14, $ per tonne av I 9

10 Country Development with Petrochemicals Added Value and Employment Ammonia Urea Complex Methanol to Olefins Capacity NH3: tpy Urea: tpy Investment 1,2 bn US$ Capacity MeOH: 1,7 mil tpy Propylene: tpy Gasoline: tpy LPG: tpy Investment 1,7 bn US$ Added value $ per tonne Urea Added value 14, $ per tonne av I 10

11 Country Development with Petrochemicals Added Value and Employment Ammonia Urea Complex Methanol to Gasoline Employment & Education during construction 3000 direct workers for 3 years plus services and workshops during operation 500 direct, highly educated > 1000 indirect services, workshops 2012 I 11

12 Ferrostaal References in EPC Convert Gas to high value Products Ammonia 4 plants tpd Methanol 6 plants tpd Urea 1x 2000 tpd UAN 1x 4300 tpd Formaldehyde Acetic Acid to Gasoline to Olefins to DME to LPG to Polyolefins Melamine 2 plants 180 tpd 2012 I 12

13 Summary Gas-to-Chemicals. complements LNG and pipeline as means for trading natural gas as high value product, can economically exploit gas reserves that would be too small for economic liquefaction, helps to diversify the national industry and revenues and serves global and domestic markets. Gas to Chemicals adds more value to your national resource 2012 I 13

14 Ferrostaal Division Petrochemicals Thank you for your attention For further Information please contact Ferrostaal GmbH Hohenzollernstr Essen Germany Uwe Zwiefelhofer Tel.: Ferrostaal GmbH Petrochemicals 2012 I 14