The cost differs by $10 per barrel. This was stated by Hall. He says that a Fischer-Tropsch plant is having the capacity to produce a barrel of gasoline giving a production cost of $35 but by Synfuels refinery same amount of gasoline could be produced for just $25.
By making the calculations under current fuel prices, it is said by the company that this plant can cover up its own manufacturing cost in four years.
Texas A&M University has got license to own the Synfuels Company. It is presently having the partial ownership of the company. The company has been running a 50 million USD demonstration unit situated in Texas since the year 2005. In the near time it is hopefully said that it will also sign to establish its first commercial refinery which will be located near Kuwait City.
Paul Wolfe says that the company has developed few proprietary parts and chemicals to use as catalyst in the plant. Paul Wolfe is presently president of Synfuels. He further says that the best thing about Synfuels is that it cracks down and rejoins the hydrocarbon molecules in a very efficient manner. He told that we can proudly say that in today’s world nobody can claim that high level of conversion rate to convert natural gas into acetylene as we have claim to achieve.
Ali Mansoori is a professor of chemical engineering and physics currently doing research work at the University of Illinois at Chicago. He says that when we take this system from the complication point of view we found that its mechanism is very much simple than that complicated process of Fischer-Tropsch.
There are some other companies also researching to develop GTL more economical other than Synfuels. Gas Reaction Technologies is one of them; it is an establishment working under the University of California. They also claimed to develop a conversion process to form bromine-based compounds from natural gas. These bromine-based compounds are later processed to produce liquid fuels.