UK-based Velocys Buys Ashtabula, OH GTL Plant

Last September MDN told you about an innovative new $300 million gas-to-liquids (GTL) plant being built in Ashtabula, OH that will convert Marcellus and Utica Shale gas into chemicals and diesel fuel (see Utica Shale Gas-to-Liquids Plant Planned for Ashtabula, OH and More Details on Ashtabula, OH Gas-to-Liquids Plant). The plant is being built by a Houston-based company called Pinto Energy using technology created by Velocys. This morning Velocys announced they're buying out Pinto Energy lock, stock and barrel--100%--including (and primarily for) the Ashtabula GTL plant now under construction...

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