Houston-based renewables company Verde Clean Fuels selected Chemex Global to spearhead FEED work of a natural gas-to-gasoline facility in the Permian Basin. (Source: Shutterstock)
Houston-based renewables company Verde Clean Fuels selected Chemex Global to spearhead FEED work of a natural gas-to-gasoline facility in the Permian Basin.
The gasoline facility, a joint development between Verde and Diamondback subsidiary Cottonmouth Ventures, plans to utilize Verde’s STG+ technology to produce approximately 2,900 bbl/d of commodity-grade gasoline.
With the potential to mitigate flaring of up to 34 MMcf/d of natural gas, Verde CEO Ernie Miller said the project could “serve as a template for additional natural gas-to-gasoline projects throughout the Permian Basin.”
The project will be located in Martin County, Texas, with Chemex’s FEED work anticipated to be completed in early 2025.
Upon FEED completion and reaching a final investment decision, engineering, procurement and construction will commence with construction completion set for 2027.
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