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Cerilon GTL North Dakota goes to FEED, the last phase before

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Calgary, Alberta–(Newsfile Corp. – June 4, 2024) – Cerilon today announced it has successfully completed Front-End-Loading (FEL 2) for its gas-to-liquids (GTL) facility in North Dakota and is moving to Front-End Engineering Design (FEED), the final phase before the company makes a final investment decision (FID) for its foundational GTL project.

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“Our progress has been made possible by the proven capabilities of our team and our partnerships,” said Nico Duursema, CEO of Cerilon. “The positive momentum we have achieved with the project to date supports the execution of this and future projects. All this aligns with our long-term vision to enable an energy transition at scale for the benefit of industry, communities and the environment.”

Cerilon GTL North Dakota the first project of its kind

Cerilon is developing an innovative GTL facility that will convert natural gas into unique, high-quality synthetic products. These products include leading Group III+ base oils, ultra-low sulfur diesel and naphtha. The company has established global partnerships to deliver this foundational GTL facility, which will be followed by replicated GTL facilities.

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This facility, the first large-scale, natural gas-fueled GTL facility in North America, will also provide carbon capture and storage, making this nominal 24,000 barrels per day facility the first of its kind in the world. Cerilon has selected a site near Trenton, North Dakota as its initial location and is seeking regulatory approval for this facility and for a Phase 2 facility of similar capacity at the same location. Cerilon has submitted all major permit applications and expects these regulatory reviews to be completed by the end of 2024.

The risk has been further limited and the schedule for the start of the project in 2028 has been confirmed

During the FEL 2 engineering phase, key mitigation actions and decisions were made that improved the accuracy of project planning and cost estimates. Worley was selected to complete the project’s FEL 3 FEED scope, which includes the design of smart manufacturing operations and digital integration. A final investment decision is expected in mid-2026, after which construction of the first facility will start shortly afterwards, so that the project can be started in 2028. The facility will be fully operational in 2029.

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Positive momentum

Cerilon has built positive momentum over the past 14 months by further developing Cerilon GTL North Dakota and laying the foundation for accelerated future business growth. These advancements include selecting world-class partners and entering into agreements with leading technology licensors. The company also continues to enter into commercial and financing agreements.

Cerilon is an international, privately held company headquartered in Calgary, Alberta. The company focuses on developing and managing a portfolio of energy transition, chemical and professional services providers. An unwavering ESG focus, long-term partnerships, strategic flexibility and the ability to quickly integrate technological developments improve project replicability, speed to market and return on investment. Cerilon is well positioned to provide energy transition solutions and expertise that can help create a better future.

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Media Kit: Cerilon GTL North Dakota Project Overview
More information can be found at www.cerilon.com.

Contact details:

Julie Baron, MBA, ABC
Senior Specialist Brand Strategy & Communication
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211644

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