Nantikok, Pa.
Officials told an online news conference on Friday that Houston-based Nasero Inc. plans to invest $ 6 billion in the Newport Township Factory, which uses gas from the Marcelus Shale tanker, which produces more gas than other reservoirs in the country.
“We want to make our biggest consumer product gasoline from natural gas and renewable gas,” said Thomas Turin, chairman of the board.
A.D. Established in 2015, Nasero plans to use natural gas from nine US factories to produce gasoline for existing vehicles. The projects will create thousands of construction and other jobs, each of which will eventually employ about 450 people, Turin said.
“Early in next year, we’re going to break down our facility for the first time in Texas. So, this is not a pipe dream, not far away. We’re ready to shovel there.”
Pennsylvania is the second largest producer of natural gas after Texas.
State Senator John Yudichak I-Luzerne, who hosted the news conference, said the project would restore “mineral-damaged lands” with a revolutionary facility that could change the global oil market and halve carbon emissions in the transport sector.
Yudichak acknowledged the need for “multiple land and zoning issues” and the need for regulatory approval and the extension of federal alternative fuel tax credit.
Converting natural gas to Turin is not a refining process, The Scrantton reports The Tribune.
“When you filter, you take a complex molecule of crude oil – and you break it down with heat and pressure. We go in the opposite direction – we take a simple molecule and we build it in a catalytic process,” he said.
The fossil fuels do not contain any sulfur, which helps to better remove existing ozone from the ground, which can lead to health problems. He added that the plant would convert methane, which plays a key role in global warming, into natural gas and then petrol.
According to Yudichak, Nasserro conducted a study at his Texas facility through the University of Texas and is similar to the size and investment of the Pennsylvania project, which “will have a $ 25 billion increase in Northeast Pennsylvania.”