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January 2011
Velocys FT – FAQs, Page 3
C
Commercial
i l Considerations
C id i
What is the capital and operating costs of Velocys FT units?
Facilities provided by Velocys include reactor assemblies, product separation and other auxiliary pieces of
equipment that comprise the FT unit of synthetic fuel facility. The current cost estimate for installed facilities,
inclusive of a process license, is $12,000 to $15,000 per bpd. This figure is expected to decrease over time as
reactor manufacturing operations ramp up. Therefore, a Velocys FT unit for a 2,000 bpd facility will cost
approximately $24 to $30 million in the early years of commercialization and will decline over time.
time Operating
costs, including catalysts, are between $3 and $5 per barrel of production.
When will Velocys FT reactor systems be available for commercial sales?
Reactors are available for sale to partnering organization. Velocys is currently demonstrating a 25 gpd FT
reactor at a biomass gasification facility in Güssing, Austria. Final preparations are underway for a second field
demonstration of 6 bpd Velocys FT in an integrated microchannel gas-to-liquid (GTL) process, in Brazil.
Additionally, construction has begun on full-scale reactors for a strategic partner’s commercial biomass-to-
liquids (BTL) facility.
How can my organization become involved?
Velocys has established partnerships with several leading companies and is focused on supporting those
partnerships. If you would like to engage Velocys to evaluate a specific project opportunity, the upfront cost of a
feasibility study is $25,000 to $50,000, depending on the scope. Please contact Jeff McDaniel at (614) 733-3319
for further details.
January 2011