Several major factors have driven innovation in the small-scale gas-to-liquids (GTL) space, including horizontal drilling and multi-stage fracking to release previously untapped shale gas reserves and stricter regulations to reduce flaring. For this report we built a detailed cost model to analyze the economic viability for small-scale GTL. We then use case studies on five players in the small-scale GTL space to identify key technology improvements necessary for cost parity at commercial scale.
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