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Copyright © 2018 Gas Technologies LLC. The following trademarks which may be identified in this document are trademarks of Gas Technologies LLC: Mini-
GTL®, GasTechno®, GasTechno® NGL. All other trademarks are property of their respective owners.
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disclose any of the contents of this document to third parties without written permission of Gas Technologies LLC. No representation or warranty is made by Gas
Technologies LLC, its partners, or any other entity as to the accuracy or completeness of such information, and none of the information contained within this
document shall be relied upon as an expressed promise or future representation.
Not an Offer of Securities
This document does not constitute an offer of, or an invitation to subscribe to or purchase any Common Stock or other securities of Gas Technologies LLC. Any
decision to invest in Gas Technologies LLC at any time such investment is actually offered, must be based solely upon the information set forth in the Offering
Documents and the due diligence of the prospective investor.
Forward Looking Statements
The company, from time to time, may discuss forward-looking information in this document. Forward-looking statements are based on many assumptions and facts,
and are subject to many conditions, including the receipt or enforceability of contracts, the availability of products and services, the local political, economic and
employment environment and the market for natural gas. Except for historical information contained in the document, all forward-looking information involves
estimates by the company’s management and is subject to various risks and uncertainties that may be beyond the company’s control and may cause results to
differ from management’s current expectations. Actual results, performance or achievements of the company may materially differ from the forward-looking
information and from future results, performance or achievements expressed or implied by such forward-looking statements.
Legal Notices
W E L C O M E
Assessing the major technical challenges associated
with increasing the commercial viability of
carbon utilization (CU) technologies.
.
GasTechno® Mini-NGL + Mini-GTL® Solution
Strategy in North Dakota
Added Value – Higher Revenues
Downstream Chemicals and Fuels
GAS TO LIQUID
LNG
GTL
Fischer Tropsch/Methanol
GTL - GasTechno®
Gas cooled to -162 °C
High CAPEX $1B+ (Large scale/specific applications)
50 acre site with deep water access
Century-old technology / Catalytic process
Elevated CAPEX $80M+ (small-scale applications)
3-4 story permanent complex
New application of non-catalytic reaction
Reduced CAPEX ($2M) Reduced scale /scaleable
Shipping container / scaleable
Solutions
2 to 5 Times Higher Profit Yields
MINI-GTL SINGLE STEP GAS CONVERSION
GasTechno® Mini-GTL®
Associated / Natural / Bio Gas
End Products - Higher Profit Yields Than Natural Gas.
NGLs
Methanol
Ethanol
Diesel
Gasoline
Mini-GTL® E n d P r o d u c t s
No Midstream Costs vs Traditional Methods
FUEL GAS
METHANOL & OTHER
LIQUID OXYGENATES
PROCESS & CAPABILITIES
NON-HYDROCARBON GASES
Hydrocarbon Gas RecycleSelective
gas phase
separation
Reactor Sep
ara
tor
Mini-GTL® End Product
FLARE GAS
OXYGEN
Recycled Gas
Cooling
NGLs
Methanol
Ethanol
Formalin
SINGLE-STEP vs MULTI-STEP (TRADITIONAL)The single-step GasTechno® process has much lower CapEx and OpEx than traditional GTL
Natural Gas
Preconditioning
Methane
Ethane
Propane etc.
Syngas
(CO +H2)
Liquid Products
Diesel
Gasoline
Wax
etc.
Methane
Ethane
Propane etc.
Liquid Products
GasTechno® Single-Step Conversion Process
Traditional Multi-Step GTL Conversion Process
/ASSOCIATED /NATURAL /BIO GAS
C A P E X – C o s t C o m p a r i s o n
Source: Nexant ChemSystems May 2006
CAPEX – COST COMPARISONTechnology Competitiveness Study Comparing GasTechno® to Known Commercial Alternatives
2 0 0 5 - 2 0 1 1
Prototype R&D
Test Mobile
Trailer Unit
2 0 1 2 - 2 0 1 3 2 0 1 4 - 2 0 1 5
Commercial
Mini-GTL®
2 0 1 6 - 2 0 1 7
Testing & Proving
Mini-GTL® Viability
ROADMAP TO COMMERCIALIZATIONC o m m e r c i a l S T E P - U P S
2 0 1 8 - 2 0 2 2
Global Licensing /
Steep Adoption GrowthPortable
Mini-GTL®
INTELLECTUAL PROPERTY
(IP) rank #1
P a t e n t s r a n k e d # 1 i n M i c h i g a n
o n t h e I n n o v a t i o n I n d e x b y I P f i r m
O c e a n T o m o L L C o n J u l y 2 8 , 2 0 1 3
No 1. Gas Technologies LLC
No 15. Michigan State University
No 49. Dow Global Technologies LLC
No 60. GE Aviation Systems LLC
No 65. General Motors Corp
No 76. Ford Motor Co.
No 78. Union Carbide Chemicals
No 79. ThyssenKrupp
No 100. Delphi Technologies
VALIDATIONF i r s t C o m m e r c i a l P l a n t O p e r a t i o n a l
• The first commercial GasTechno® Mini-GTL®
plant is started and operational (Nov 2016)
• Testing of Mini-GTL® plant and safety
validated by third-party consultant
• Certification of Operation (Dec 2016)
GASTECHNO PRODUCTS
GasTechno® Distillation
GASTECHNO PRODUCTS
NEW DEVELOPMENTS & BUSINESS STRUCTURE• SBIR DOE Grant for DMM on June 8, 2015
• Ocean Tomo Patent Valuation of $41.5 million on May 25, 2016
• Patent Transfer pricing study completed by Duff & Phelps on July 10, 2016
• Ocean Tomo Revised Patent Valuation of $135.2 million on January 27, 2017
• Polytechnique de Montréal Agreement for DMM & PolyDMM on November 14, 2017
• Stratas Advisors Agreement to complete a “Market Assessment, Opportunity Assessment and Strategic Implications” on November 30, 2017
• GasTechno Energy & Fuels (USA) LLC has raised $2.8M to date from private investors
• All proceeds used in the development, testing and construction of the existing Mini-GTL® 300 plant and commercial operations at New Haven, MI and Dimond, ND
New Haven, MI Project
Dimond, ND Project
Other projects …
Gas Technologies LLC
GasTechno® E&F USA
10% Royalty for Exclusive License on all IP
Parent:
• Patent owner
• R&D
• Manufacturing
NEW DEVELOPMENTSGasTechno® DMM & PolyDMM
As part of the 4th year chemical engineering design project (3 course equivalent), 5 students estimated the
economics of a plant to produce 1000 bbl/d DMM (dimethoxymethane) from methanol and formaldehyde
(derived from wasted natural gas). They continue with detailed design including an environmental impact
study, HAZOP and CAPEX/OPEX. The results so far are very promising and they will conclude their study
in April, 2018.
Prof. Gregory S. Patience, P.Eng.
Canada Research Chair,
High Temperature, High Pressure Heterogeneous Catalysis
Polytechnique Montréal+ 1 (514) 340-4711 ext. 3439
https://www.elsevier.com/books/communicate-science-papers-presentations-and-posters-effectively/patience/978-0-12-801500-1
R A P I D S I T E
D E P L O Y M E N T
S I M P L E O P E R A T I O N
M I N I M A L S I T E P R E P
D I R E C T C O N N E C T I O N
T O / F R O M F L A R E
High Recovery
Indirect J-T cooling effect
Turn down up to 80%
~70% C3+ recovered
Perfectly integrates with GTL
Simple hardware / Sophisticated software
No mechanical refrigeration
Hot rich gas cooled
Warm lean gas to Mini-GTL
Minimal moving parts
Low Footprint
Compact 40’ container
Tie-in to existing flare line
Simple gas purchase model
No operator CAPex spent
COMMERCIAL READINESS
GasTechno® Mini-NGL + Mini-GTL® Solution
Strategy in North Dakota
Added Value – Higher Revenues
Downstream Chemicals and Fuels
FAST TRACK DEPLOYMENTS h o v e l R e a d y P r o j e c t s - S i t e P r e p a n d M o b i l i z a t i o n i n ~ 3 w e e k s
INITIAL GAS CAPTURE Compression & NGL Recovery in North Dakota
C A P E X – C o s t C o m p a r i s o nGASTECHNO DIMOND SITE LAYOUT
Hi – pressure gas
Low – pressure gas
NGL’s
Water & Condensate
Slug catcher
NGL tank
Flare Gas
LEGEND
Compressor
Condensate/water
100’ x 100’ / 1000sq’
GASTECHNO TARGET MARKETBakken shale associated gas flaring
FLARED GAS MARKET POTENTIALb y y e a r 2 0 2 1
US/Canada Total (400)
North Dakota Total
(135)
GasTechno®
Total
(65)
- Based upon our estimate of the applicability of
our technology to particular flares
- This does not include landfill or industrial flares
- This does not include stranded gas opportunities
MARKET POTENTIALT o p M a n u f a c t u r e r s A n a l y s i s i n G T L
b y y e a r 2 0 2 1
HUB AND SPOKE DISTRIBUTED NGL PLANTS
GasTechno® Distillation
NGL Processing
HUB AND SPOKE DISTRIBUTED NGL + GTL PLANTSb y y e a r 2 0 2 1
Methanol & Chemicals Processing
C A P E X – C o s t C o m p a r i s o nOFFSHORE PACKAGE
FOOTPRINT IN PLAN VIEW
A vertical containerized flare recovery
system integrates four 2,500 Mini-NGL
units with four 1,500 Mini-GTL units in a
compact packaged system. Each system
processes 10 mmscfd of flared gas for
offshore or small footprint applications.
C A P E X – C o s t C o m p a r i s o nFLARE INTENSITY REDUCTION – TRACKING THE CARBON
NGLs
34%
GTL liquids
42%
Fuel gas
19%
Flare
5%
NGL separation
alone accounts for
less than a 40%
emissions reduction
100%
C A P E X – C o s t C o m p a r i s o n
Feed Gas
Mole %
Pounds of
CO2
Flared per
MCF
NGL
Recovery
@ 50 F
NGL
Recovery
@ 90 F
Pounds of
CO2
Recovered
per MCF
@ 50 F
Pounds of
CO2
Recovered
per MCF
@ 90 F
Residual
Gas Mole
% to Flare
@ 50 F
Residual
Gas Mole
% to Flare
@ 90 F
Average Pounds of
CO2 Remaining
GasTechno®
Recovery
Conversion of
Average Mole
% of Flare
Gas
Nitrogen - N2 2.88% 0.00 3.52% 3.23% 0.00
Carbon Dioxide - CO2 1.20% 1.37 1.44% 1.34% 1.37
Methane - C1 46.87% 54.88 57.01% 52.46% 54.88
Ethane - C2 18.88% 101.73 7% 3% 7.12 3.05 21.65% 20.68% 96.65
Propane - C3 14.52% 50.69 26% 9% 13.18 4.56 13.20% 14.89% 41.82
I-Butane - IC4 1.72% 7.13 61% 24% 4.35 1.71 0.83% 1.47% 4.10
N-Butane - NC4 6.02% 24.04 72% 32% 17.31 7.69 2.06% 4.57% 11.54
I-Pentane - IC5 1.31% 10.56 93% 66% 9.82 6.97 0.11% 0.50% 2.17
N-Pentane - NC5 2.08% 16.76 95% 72% 15.92 12.07 0.13% 0.07% 2.77
Hexane - C6 1.62% 1.60 100% 96% 1.60 1.54 0.01% 0.01% 0.03
Napata - C7 1.62% 2.26 2.26
H2O 1.28% 0.04% 0.12%
TOTAL 100.00% 271.02 69.30 37.59 100.00% 100.00% 217.59
% of CO2 26% 14% 81% 89% 80% 90-95%
% of NGLs 29% 42% 55% 31% 45% 69% 43%
NGL “ON-SITE” EQUIPMENT – 14-26% CO2 REDUCTION
VS. GASTECHNO® “ON-SITE” – 90-95% CO2 REDUCTION
Strategy in North Dakota
Added Value – Higher Revenues
Downstream Chemicals and Fuels
GasTechno® Mini-NGL + Mini-GTL® Solution
C A P E X – C o s t C o m p a r i s o nMETHANOL DOWNSTREAM MARKETS
Green Chemicals
Cooking Stove
Electricity (fuel cell)
Propulsion
Fertilizers
Feedstock for Plastics
C A P E X – C o s t C o m p a r i s o nMETHYLAL (DMM) REACTIVE DISTILLATION
Raw GasTechno® blend
Simple distillate product
Excess water
0.4
0.5
0.6
0.7
0.8
0.9
1
0.9 0.92 0.94 0.96 0.98 1 1.02
Normalized Nox
Norm
alized P
M
PM vs Nox Emissions of 7 test fuels (DOE/SWRL)
15% DMM in 85% LS
Neat FT diesel
20% FT diesel 80% LS
20% biodiesel in 80% LS
Ultra low-sulfur diesel
California Diesel
BASE
PM vs Nox EMISSIONS OF 7 TEST FUELS (DOE/SWRL)
DMM & POLY(DMM) MARKET POTENTIAL
The trade data excluded from this analysis suggests prices could potentially be
as high as $10.00-15.00/gallon, but given the likelihood that transaction volumes
will be significantly larger than those available in the overall Indian data, we
recommend using the estimate and methodology given above as a conservative
starting point.
Source: Stratas Advisors: GasTechno Market Assessment for DMM and PolyDMM (Jan. 2018)
PROPERTIES OF POLY(DMM)
DMM DMM2 DMM3-8
Boiling point (F) 107 221 306-599
M.W. 76 106 136-286
Den (g/cc) 0.86 0.973 1.064
O2 (Wt%) 42 45 47-50
FP15% (F) 0 <75 150
Cetane (15%) 32 41 76
Strategy in North Dakota
Added Value – Higher Revenues
GasTechno® Mini-NGL + Mini-GTL® Solution
Downstream Chemicals and Fuels
C A P E X – C o s t C o m p a r i s o n
Assumptions: Bakken Rich Gas (1735 BTU/scf)
Raw flare gas
(Mscfd)
Gas to GTL
(Mscfd)
Production (BPD) Production (gal/day)
NGLs GTLs NGLs GTLs
400 300 79.6 44.4 3,343 1,864
500 370 97.3 46.6 4,088 1,956
750 520 147.0 111.0 6,172 4,662
1,000 750 189.3 140.5 7,951 5,900
1,410 1,040 261.6 172.2 10,989 7,232
1,750 1,300 323.5 265.2 13,585 11,139
2,000 1,480 370.9 287.7 15,578 12,085
2,500 1,840 460.0 330.7 19,319 13,888
3,000 2,190 555.5 430.6 23,332 18,086
MINI-NGL & MINI-GTL® PRODUCTION VOLUMES
C A P E X – C o s t C o m p a r i s o nGAS FLARING – COST OF PRODUCTION
Costs normalizedto gas purchase
$ per ton
NGL revenue $ 3.09 $ 207.73
GTL revenue (MeOH & EtOH) $ 7.88 $ 528.90
Gas Purchase $ 1.00 $ 67.14
Liquid oxygen purchase $ 1.94 $ 130.35
Lease Expense (NGL and GTL
plants, compressor, tankage,
etc)
$ 2.23 $ 149.50
Insurance $ 0.14 $ 9.26
Service/Maintenance $ 0.42 $ 28.39
Total Operating Costs $ 5.73 $ 384.63
Assumptions:
2.5 MMscfd flare project, Gas purchased for $1.00/mscf, Lease expenses include all CAPEX equipment (5 year lease with 10% IRR)
GTL system carbon efficiency
maximized at ~50% to
ensure that all ISBL and OSBL
equipment is operated locally,
i.e., fully standalone system.
C A P E X – C o s t C o m p a r i s o nNORTH DAKOTA FLARED GAS VALUE CREATED
C A P E X – C o s t C o m p a r i s o nGAS TO CHEMICALS = HIGHER MARGINS
CNG/NGL $4-7
MeOH, DMM $16-
Value Multiplier* Typical Product Slate /MMbtu
POM-H, Propylene $1400-1500/MT
LOCAL JOBS $2000-2500/MT
MAJOR JOB CREATION COMMUNITY WEALTH
INDUSTRIAL GLOBAL GROWTH
GasTechno® liquid oxygenates
Natural gas consumer:
power plants
refineries
manufacturing
C A P E X – C o s t C o m p a r i s o n
Pipeline gas
Applicable to nearly any large natural gas processor or consumer.
Because all product streams are utilized (GTL liquids sold at market value and tail gas sold on the same energy
content), the overall efficiency of this type of application is extremely high.
1000 Btu/scf
850-950 Btu/scf
850-1000 Btu/scf
NEW PROJECT DEVELOPMENT IN INDIAEnergy stripping system
CURRENT NORTH DAKOTA PILOT TESTINGSelective purge
Pure O2 90% O2 Air
2x
N2/CH4
4x
N2/CH4
5x
N2/CH4
5x
(N2+CO2)/CH4
NGLs (gpd) 5490 5490 5490 5490 5490 5490 5490
GTLs (gpd) 4800 4400 2720 3360 3940 4080 4360
Recycled gas HHV
(Btu/scf)715 685 365 480 590 615 670
CH4
C2H6
N2
CO2
CO
H2
N2, CO2, CO, H2
CH4
C2H6Advantages
- No cryogenic O2 storage on oilfield site
- No high-cost O2 compression
- Potential removal of all non-hydrocarbons
(Higher yields)
Selective Purge
Biodigester
Biodiesel
C A P E X – C o s t C o m p a r i s o n
Bulk Algae
FUTURE GASTECHNO INTEGRATED BIOREFINERY
Algae Oils
Biodiesel
Plant
Methanol
Formalin
Ethanol
Oil
Extraction
Algae System
Sunlight
Water
CO2
Glycerol
MethanolBiogas
CO2
CO2 GasTechno®
Process
Overall, this integrated biorefinery has no CO2 footprint beyond fugitive emissions and a diversified slate of
products. Because the economics of this integrated biorefinery does not rely solely on the oil content of algae
(about 60% of revenue is derived from the cellulosic leftovers), this approach has a much higher potential to
succeed than systems which require high oil content that have proven difficult to repeat outside of a laboratory.
C A P E X – C o s t C o m p a r i s o nFUTURE CO2 & METHANE TO FOOD & FUELS
Methanol
DMM & PolyDMM
CO2 & Methane
Methane
GAS VENT
Organic Food
Greenhouse
Waste
CO2 & Affluent
CO2
Biodigester
GasTechno®
Michigan based CO2 scrubber plant currently vents a source of 85% CO2, 13% methane, 1% ethane,
and 1% nitrogen that could be integrated into the GasTechno® process with Greenhouse
Is there an alternative to the Food for Fuels debate?
The Integrated Organic Food & Fuels Refinery Is Possible.
SEEKING PARTNERS - FUTURE DEVELOPMENTHow we are making GasTechno® even more attractive to methane & CO2 conversion
1. Feb. 2018 will install Dual Fuel Methanol & Natural Gas Electric Generator in North Dakota Project
2. Test air compressor in North Dakota in Feb. 2018 and thereby remove pure oxygen
• Substantially reduce liabilities and costs for both Offshore or Stranded Methane
• Increasing system robustness with Nitrogen Separation Membranes
3. Locate partners to build 2 pilot projects in 2018 for integrated biorefinery, food & CO2 conversion
• Biodigester integration with Algae oil, CO2 conversion & Methanol-DMM production
• Biomethane & CO2 integration to make organic food and fuels
• Implement adoption of new CO2 conversion technologies into refinery concepts
4. Provide an integrated manufactured system for gas flaring (NGL + GTL) – smallest Micro-GTL®
5. Develop higher-value markets for the liquid & marine fuel products
• DMM and PolyDMM – Prove PolyDMM is world’s Most Preferred drop-in clean diesel fuel
• Testing raw GasTechno fuel blend for Marine & Dual Fuel Power Systems
Walter BreidensteinWalter Breidenstein, CEO
GasTechno Energy & Fuels (USA) LLC
Tel: +1-231-5352914
www.gastechno.com