LAS VEGAS–(BUSINESS WIRE)–First Titan Corp. (OTCQB: FTTN) is closely examining possibilities in the rapidly growing gas-to-liquids market, an up-and-coming energy sector that offers strong potential as a fuel source free of the current low-price problems now associated with crude oil.
Gas-to-liquids technology transforms natural gas and biogas into energy and chemical products, including transport fuels, base oils and more. The process was first tried in the 1920s, however only in recent years has the technology become efficient enough to become economically viable for widespread industrial use.
“Gas-to-liquid plants were once the sole province of the multi-national oil and gas giants,” said FTTN CEO Sydney Jim. “Facilities were expensive and huge. Process advances have resulted in smaller, more cost-effective plants and this has opened a window of opportunity. We expect to find a strong market potential for clean, environmentally friendly fuels made from natural gas and biogas from landfills. We believe this will be a reliable, growing industry going forward and because of low oil prices, offers us an alternative revenue source.”
While the current oil price war continues, there’s no guarantee fuel prices will remain low over time. Oil has seen wide swings in recent years, ranging from the low $40s per barrel to more than $100 a barrel and back to the $40s. Gas-to-liquids technology offers more predictable long-range fuel prices.
“Gas-to-liquids systems can help governments, businesses and consumers alike reduce fuel costs, set budgets and help the environment at the same time. This winning combination will make gas-to liquids a solid, long-term venture for FTTN,” Mr. Jim said.
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
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