GTL North America - FLUOR Workshop

June 3, 2014 w The Westin Galleria Hotel w Houston, TX

TUESDAY - JUNE 3 Speakers Include:

Paul Koppel Ravi Ravikumar Sanjiv Dabee Paul Nih Ramesh Raman
Vice President, Director, Process Manager, Project Director Managing
Process Engineering Process - Energy & Director
Technology & Fluor Technology Chemical Taylor-DeJongh
Chairman Fluor Fluor
Fluor

AGENDA - JUNE 3 - Monarch room - 24th Floor

TUESDAY, JUNE 3, 2014 - Fluor Workshop

12:30 PM REGISTRATION

1:00 PM Seminar Introduction - What is GTL?

Fischer-Tropsch (F-T)
Methanol
Methanol to gasoline
Methanol to Olefins
Oxidative Coupling - Methane to Ethylene
Synthetic ethanol

1:15 PM Industry Experience/State of Development

GTL Chemistry - GTL Product Characteristics
High natural gas / crude oil price differential
Remote/associated stranded gas
Untreated high CO2 containing produced gas
Biogas
Gas that is flared or vented

1:30 PM Syngas preparation methods / features / examples

Natural gas composition C1+, CO2, H2S etc.
Steam methane reforming (Midrex, Lurgi, Haldor Topsoe, Davy/ JM)
Autothermal reforming (Lurgi, Haldor Topsoe, Davy/ JM, Casale)
Combi - forming (Lurgi, Davy/ JM, Casale)
Partial oxidation (Shell, GE)

2:15 PM Syngas Conversion Technologies

F-T - Lurgi, Axens, Velocys, Compact GTL, BP/JM Davy, Shell, Sasol, ExxonMobil
Methanol - Davy/ JM, Lurgi, Haldor Topsoe, Casale
MTG - ExxonMobil, Haldor Topsoe

3:00 PM BREAK

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GTL North America - FLUOR Workshop
June 3, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - JUNE 3 - Monarch room - 24th Floor (Continued)

TUESDAY, JUNE 3, 2014 - Fluor Workshop (continued)

3:30 PM Hydroprocessing/Upgrading
Haldor Topsoe
UOP
Chevron
Shell
Axens
BP/JM Davy

4:00 PM Key Technical Issues

Overall plant integration
Economy of Scale, Mega vs small plant
Support facilities
Carbon emissions/capture
Water supply/treating
By-products (wax, lube oil, naphtha, LPG, LAB)
Cost estimates

4:30 PM Project Execution/Commercial Issues

EPC Contractors role/ Project issues
Execution strategies
Modularization
Procurement
Logistics
Infrastructure
Project financing / bankability issues / product off-takes
Feedstock
Capital Cost/Operating Costs
Economics
Project Schedule

5:00 PM Reception, sponsored by BD Energy

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GTL North America 2014
June 3-5, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - June 4 - Woodway I ballRoom - 4th floor

WEDNESDAY, JUNE 4, 2014 - GTL north america

7:00 AM REGISTRATION, CONTINENTAL BREAKFAST

8:00 AM Modular Gas-to-Liquids: Technology, Resources, and Opportunities

Kevin Stanley, CEO, Ventech
Kevin Stanley is the Chief Executive Officer of Ventech Engineers International. He has worked for
Ventech since 1989 and has previously held the positions of Sales Manager and Vice President of
Development. In addition to his current role of overseeing the direction of the company, Mr. Stanley
focuses his efforts on sales and on communicating the benefits of modular design and construction
for new refineries, gas-processing systems, and existing plant relocations.

bus 1 - 8:35 AM bus 2 - 9:25 AM

8:35 AM Bus 1 load (30 ppl max) 9:25 AM Bus 2 load (30 ppl max)
8:45 AM Bus 1 depart for Ventech 9:35 AM Bus 2 depart for Ventech
9:15 AM Bus 1 arrive Ventech 10:05 AM Bus 2 arrive Ventech
9:25 AM - 10:05 AM Tour 1 10:05 AM - 10:55 AM Tour 2
10:20 AM Bus 1 depart Ventech 11:10 AM Bus 2 depart Ventech
10:55 AM Bus 1 arrives back to hotel 11:40 AM Bus 2 arrives back to hotel

12:00 PM luncheon, sponsored by ventech

1:00 PM LUNCHEON KEYNOTE: Sasols North American GTL Plans

Mark Schnell, General Manager, Sasol North America
Sasol is a leading developer of commercial-scale Fischer-Tropsch technologies. Its
technology is deployed in the largest CTL plants in Secunda and Sasolburg, in Qatars Oryx
GTL plant, and Nigeria and Uzbekistan. Last December, the company awarded a FEED
contract for a 96,000-b/d GTL facility in Southwest La., with final investment decision in 2016.
Schnell has been asked to discuss the prospects for North American GTL.

1:30 PM South Louisiana Methanol

Philip E. Lewis, P.E. Chief Technology Officer, ZEEP Ltd.
South Louisiana Methanol (SLM) has secured a site and an air permit to build and operate its
methanol facility in St. James Parish, LA. Engineering and offtake negotiaions are entering
final stages. The 5265 tonne/day project will consume 166 million cubic feet per day of natural
gas. Lewis will explain the power of project financing and how a Johnson Matthey/Davy
Technology template helped meet the challenge of non-recourse financing.

2:00 PM Gas Conversion Market Review

Chris Cothran, GTL Analyst, Zeus Intelligence, a Hart Energy Company
Zeus currently tracks 44 developmental gas-conversion projects in North America: six
methanol to gasoline, 11 methanol, including one DME, seven FT GTL, six DRI, and 14
ammonia projects. Cothran will review each market, discuss trends and issues that will
determine which projects proceed.

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GTL North America 2014
June 3-5, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - June 4 - Woodway I ballRoom - 4th floor (Continued)

WEDNESDAY, JUNE 4, 2014 - GTL north america (continued)

2:30 PM GTLs Potential Impact in the North America Diesel Market

Terry Higgins, Executive Director, Global Refining & Special Projects, Hart Energy

In light of the U.S. EPAs expanding role in transportation fuels, North American diesel
markets are undergoing unprecedented regulations with the introduction of ultralow sulfur
fuels and after-exhaust treatment systems. Higgins has been asked to describe these trends
and the implications for GTL fuels, especially Fischer-Tropsch diesel.

3:00 PM BREAK, sponsored by Axens

3:30 PM Why Large-Scale GTL is Moving Slowly While Small-Scale GTL is Accelerating
Paul Hamilton, Founder and President, Novello GTL, LLC and formerly president
and CEO of Shell Global Solutions US, Inc.

On Dec 5, 2013, Royal Dutch Shell announced it was suspending further work on a proposed
140,000-bpd GTL project. Meanwhile numerous smaller projects, less than 5,000 bpd,
are advancing. Hamilton, a former oil executive and GTL specialist who is in the middle of
developing multiple GTL projects, will shed light on why project size makes a difference and
implications for near term gas-monetization and gas-conversion efforts.

4:00 PM Pinto Energys 2,800 BPD Ashtabula GTL Project

John Baardson, CEO, Pinto Energy

Pinto has secured an 80-acre industrial site east of Ashtabula, Ohio to convert Utica and
Marcellus shale gas into high-value specialty products (solvents, lubricants and waxes), as
well as ultra clean transportation fuels. John Baardson will provide details.

4:30 PM Velocys brings gas-to-liquids to the USA

Jeff McDaniel, Commercial Director, Velocys

In March 2014 a joint venture between Waste Management, Velocys, NRG Energy and
Ventech was announced that will develop multiple plants utilizing a combination of renewable
biogas (including landfill gas) and natural gas. As its first commercial facility, the JV is
developing a plant at Waste Managements East Oak landfill site in Oklahoma. McDaniel has
been asked to discuss Velocys latest technology developments and commercialization.

5:00 PM Reception, sponsored by johnson matthey

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GTL North America 2014
June 3-5, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - June 5 - Woodway I Ballroom- 4th floor

thursday, JUNE 5, 2014 - GTL north america

7:00 AM Registration, continental breakfast,

sponsored by Ariel Corp.

8:00 AM The Obama Administrations Ability to Use Executive Orders (EOs) to Change
Energy, Economic Policy
Barry Hartman, Partner, K&L Gates, and former Assistant Attorney General, U.S.
Justice Departments Environment and Natural Resources Division

On Feb. 18, President Obama announced that his administration would begin developing
tighter fuel efficiency standards for medium and heavy-duty vehicles. The president ordered
the EPA and Transportation Departments National Highway Traffic Safety Administration to
develop and issue new fuel-efficiency and greenhouse gas standards by March 31, 2016.
Could EOs like this affect gas conversion? Hartman has deep experience with the authority of
the executive branch to act via executive orders.

8:30 AM New Developments in F-T Technology

Tim Gamlin, Vice President, Johnson Matthey Davy Technologies

Johnson Matthey Davy Technologies has developed a novel approach to the design
of reactors and how to combine this reactor design with the catalyst in order to yield
substantially reduced investment and operating costs. This technology development is widely
applicable across the gas to liquids market but especially in the Fisher-Tropsch field where
JM Davy has developed technology in partnership with BP. JM Davy commissioned pilot plant
facilities to demonstrate the novel reactor and catalyst combination in May 2012 and see
this reactor and catalyst technology development as a step change in the economics of the
conversion of synthesis gas to liquids such as FT Diesel.

9:00 AM Technological Solutions to Support XTL Projects in North America

Sbastien Boucher, Technologist, Alternative Fuels Technology Group Process
Licensing Business Unit, Axens

Sbastien Boucher will discuss the different types of XTL projects in North America and
the economic relevance of GTL. He will then present the Gasel technology package for the
conversion of syngas to diesel, based on FT and upgrading technologies developed by Eni
and IFP.

9:30 AM Methanol to Gasoline: Selective Conversion

Mitch Hindman, Licensing Manager, ExxonMobil Research & Engineering Company

Numerous recently announced North American GTL projects, including SLM and G2X, intend
to use ExxonMobils methanol-to-gasoline (MTG) process to dehydrate methanol from natural
gas. Hindman has been asked to describe the companys second-generation process, which
features a more selective catalyst.

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GTL North America 2014
June 3-5, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - June 5 - Woodway I Ballroom- 4th floor (continued)

thursday, JUNE 5, 2014 - GTL north america (continued)

10:00 AM break, sponsored by Axens

10:30 AM G2X South La. MTG Mega Project

Timothy Vail, President, CEO, Founder and Director, G2X Energy

Early last year, G2X Energy announced that it has entered into a licensing agreement to use
ExxonMobil methanol-to-gasoline (MTG) technology to develop a world-scale natural gas to
gasoline project. Timothy Vail has been asked to provide details.

11:00 AM
EmberClears JV with Itochus Tyr Energy
Raj Suri, CEO, EmberClear

In March, EmberClear announced that it has formed a 50:50 partnership with Tyr Energy, a
subsidiary of Itochu for power projects. EmberClear has received the necessary permits for its
Natchez, MS MTG project and is advancing its Pennsylvania project. Suri will provide details.

11:30 AM An Alternative Route from Syngas to Gasoline

George E. Boyajian, PhD, Vice President, Business Development, Primus Green Energy

Primus has achieved over 720 hours of continunous operation at its gas to gasoline
demonstration plant in Hillsborough, NJ. It expects to break ground on a commercial plant
this year for the production of some 25 million gallons of transportation fuel annually from
gas and biomass, beginning in 2016. Johnsen has been asked to discuss Primus first
commercial plant.

12:00 PM Luncheon, Sponsored by G2X Energy

1:00 PM KEYNOTE LUNCHEON: Mexicos Constitutional Amendments, Opportunities for

Future Gas Conversion Projects
Jesus Rodriguez Davalos, Member of American Gas Associations Legal Publishing
Committee Board member, secretary of Mexican Natural Gas Association

Mexicos December 2013 constitutional amendments represent the biggest economic revamp for
the country since the North American Free Trade Agreement implemented in 1994. The changes
have prompted Moodys Investors Service to raise Mexicos credit grade to A3, estimating it will
help add about 1 percent to the countrys long-term economic growth rate. Sr. Rodrguez, an
authority on Mexicos gas markets and prospects in light of the amendments, will discuss the
latest status as Mexican lawmakers pass final legislation to end a 76-year state monopoly.

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GTL North America 2014
June 3-5, 2014 w The Westin Galleria Hotel w Houston, TX

AGENDA - June 5 - Woodway I Ballroom- 4th floor (continued)

thursday, JUNE 5, 2014 - GTL north america (continued)

1:30 PM Gas Conversion Innovation Case 1: Voestalpine Progresses Corpus Christi DRI plant
Robert Cheeley, Business Development Manager, Midrex Technologies, Inc.

In 2013, The Voestalpine Group announced signing a contract with Siemens and Midrex to
build a new direct-reduced iron plant for a DRI project in San Patricio County near Corpus
Christi, Texas. The plant is designed for an annual capacity of two million tons of hot-
briquetted iron (HBI) and will be the largest single HBI module in the world. Robert Cheeley
has been asked to provide details.

2:00 PM Gas Conversion Innovation Case 2: Porous Ceramic Membrane

Ruben Rodriguez, Applications and Engineering Director, Gas2 Ltd

In January 2014, Gas2 announced the succesful start of its GTL reactor in Teesside, UK. The
process eliminates the intermediate compression stage between syngas and FT reactors,
reducing capital costs. Gas2 is optimizing the reactor design to run further tests for scale-up
engineering. Rodriguez has been asked to discuss the latest advancements.

2:30 PM Gas Conversion Innovation Case 3: Hot Oxygen Burners and Oxygen Transfer
Membranes
David R. Thompson, Senior Business Development Manager, Praxair

A challenge to the economic viability of gas conversion is meeting capital cost targets,
which is particularly difficult for smaller facilities. Praxair has developed a hot oxygen burner
technology to produce high-quality syngas. It is also working on next-generation oxygen
transport membranes (OTM) to allow air separation and syngas generation in a single
process. Thompson will provide details.

3:00 PM BREAK

3:30 PM Gas/Coal Feedstock Combination

Armen Abazajian, Senior Supervising Process Engineer, Worley Parsons

Substitution of crude oil with natural gas and coal runs into basic mass balance, molecular
size and species, and activation energy challenges, which raise capital costs of conversion
plants. Large economies of scale are used to address cost, yet that in itself leads to fewer
applications and higher risk. Abazajian will present a solution to use a combination of gas and
coal feedstocks to solve the mass balance, economies of scale, and project risk challenges.

4:00 PM Conference Conclusion: Assembling an Actionable Plan

Mona Dajani, Partner, Baker McKenzie

Experienced in representing leading GTL projects worldwide, Ms. Dajani has firsthand
knowledge of the commercial challenges developers face as they work to advance concepts
into commercially viable infrastructure. To conclude the conference, she will draw key
takeaways from previous presentations, adding her own perspectives, to describe what
developers must do to action their projects.

4:30 PM conference ends

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