The total commercial potential of the technology is vast with hundreds of potential sites and licensing revenue of over hundred millions $ a year. The first large market for “Methaforming” is worldwide replacement for new reforming. The second is the specialty applications for LPG and pyrolysis gasoline. The third is US market for condensate instead of exports.
With the significantly increased light crude production from US, there is great surplus condensate that will be exported. Kinder Morgan, Valero and ConocoPhillips have announced plans for building condensate splitters. And Valero has announced plans to build a methanol plant in Louisiana. This condensate is the first candidate in US to be processed by “Methaforming” wherein the sulfur can be removed, octane increased and benzene content lowered, giving $200/mt (23$/B) net margin. The resultant “Methaformate” can be blended into gasoline in the US for export.