Who and what is 1st Resource Group?
1st Resource Group (the "Company") is a private company formed by a group of oil and gas professionals for the express purpose of commercializing new developments in the Fischer-Tropsch process. Principals of the Company, and its associates have been working since mid-2009 to change the factor of the catalytic environment in which the conversion takes place.
Are there investment opportunities in 1st Resource Group?
1st Resources technology is based on the Fischer-Tropsch process. What is the F-T process?
The process was discovered by Franz Fischer and Hans Tropsch at the Kaiser WIlhelm Insitute for Coal Research in Mullheim, Germany in the 1920's (the "Fischer-Tropsch" or "F-T" process). Fischer and Tropsch filed a number of patents, e.g., US patent no. 1,746,464, applied 1926, published 1930. It was commercialized in Germany in 1936. In the initial stages, coal was converted by Nazi Germany and Japan during World War II to produce synthetic fuels. F-T production accounted for an estimated 9% of German war production of fuels and 25% of the automobile fuel.
What is 1st Resource Technology?
The change in form factor in a confined space creates more surface area, a more precise control environment as well as the deployment and attachment of certain catalysts allows portable equipment to be used for the conversion of Natural Gas to Synthetic Fuel.
How does it work?
The Conversion Unit will be comprised of several operations including; a) Processing of natural gas; b) Natural gas steam reforming that converts methane and steam to a mixture of carbon monoxide and hydrogen known as syngas; c) The Fischer-Tropsch process which utilizes the syngas to form hydrocarbons of varying chain length and branching composition depending on the conditions and catalysts used; and d) The upgrading and/or separation as necessary of the converted liquid synthetic fuel hydrocarbons which will include, but are not limited to, sulfur free diesel, and JP-8 (aviation fuel).
What is liquid synthetic fuel?
The term synthetic fuel is attributed to fuel hydrocarbons created or produced from non-crude oil sources such as natural gas, oil shale or biomass. Common use of the term "synthetic fuel" is to describe fuels manufactured via Fischer-Tropsch conversion: methanol to gasoline conversion, or direct coal liquefaction.
What are the benefits of Synthetic Fuel?
The fuels produced by the various synthetic fuels process have a wide range of potential environmental performance. Specifically, Fischer-Tropsch diesel and jet fuels deliver dramatic across-the-board reductions in all major criteria pollutants such as SOx, NOx, particulate matter (PM), and hydrocarbon (HC) emissions.
Since synthetic fuels are sulfur-free and possess no aromatic content, their purity exceeds other similar fuels.
Because of their purity, our synthetic fuels have a higher energy content per unit mass than conventional similar fuels.
Are there other Gas-To-Liquids Benefits?
Gas-to-liquids Synthetic Fuels can be produced domestically while creating US jobs. Using natural gas to produce transportation fuels would reduce US reliance on imported petroleum and increase energy security. Some other potential benefits are:
- In combination with appropriate additives, they can be used directly in today’s diesel-powered vehicles and jet powered aircraft.
- They are compatible with the current petroleum distribution infrastructure. They would not require new or modified pipelines, storage tanks, or retail stations.
- Laboratory testing indicates that Fischer-Tropsch (F-T) diesel provides similar or better vehicle performance than conventional diesel.
- Over time a large number of decentralized fuel production facilities (ie., conversion units) would tend to enhance overall homeland security status.
What markets are you pursuing?
A variety of markets are currently being researched. The market that will be chosen for the first twelve months of operation will be the one that offers the least resistance. This will allow the greatest return financially with the least amount of exposure. Our current direction includes the selection of an Operator currently managing natural gas production through its own well(s) that could supply the feedstock and purchase the converted sythetic fuel.