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The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 The kerosene and diesel will be off-taken by Uzbekneftegaz under a long term off-take agreement at international linked prices; fuel products will be sold mainly to the domestic market, while naphtha will be exported to downstream refiners.
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This gives potential customers access to a single-point licensing offering that covers the entire value chain from gas feed to liquid fuels. In addition, the technology could play a significant role, in conjunction with renewable energy resources, in the conversion of greenhouse gases to sustainable liquid fuels.
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In 2007, BP and Lawrence Livermore National Laboratory (LLNL) have signed a technical agreement to work cooperatively on the development of UCG technology for the in-situ conversion of coal deposits into fuels and other products. Earlier post.). Start-up is planned for 2012. Earlier post.) Earlier post.)
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