Titan Corp. (OTCQB: FTTN) is closely examining possibilities in the
rapidly growing gas-to-liquids market, an up-and-coming energy sector
that offers strong potential as a fuel source free of the current
low-price problems now associated with crude oil.
Gas-to-liquids technology transforms
natural gas and biogas into energy and chemical products, including
transport fuels, base oils and more. The process was first tried in the
1920s, however only in recent years has the technology become efficient
enough to become economically viable for widespread industrial use.
“Gas-to-liquid plants were once the sole province of the multi-national
oil and gas giants,” said FTTN CEO Sydney Jim. “Facilities were expensive
and huge. Process advances have resulted in smaller,
more cost-effective plants and this has opened a window
of opportunity. We expect to find a strong market potential for
clean, environmentally friendly fuels made from natural gas and biogas
from landfills. We believe this will be a reliable, growing industry
going forward and because of low oil prices, offers us an alternative
While the current oil price war continues, there’s no guarantee fuel
prices will remain low over time. Oil has seen wide swings in recent
years, ranging from the low $40s per barrel to more than $100 a barrel
and back to the $40s. Gas-to-liquids technology offers more predictable
long-range fuel prices.
“Gas-to-liquids systems can help governments, businesses and consumers
alike reduce fuel costs, set budgets and help the environment at the
same time. This winning combination will make gas-to liquids a solid,
long-term venture for FTTN,” Mr. Jim said.
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan
Energy, LLC, is committed to the exploration and development of oil and
natural gas resources around the globe. The Company continually seeks to
partner with energy developers that are pursuing innovative new methods
of oil and gas extraction, including the development of new
technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including statements that include the words “believes,” “expects,”
“anticipate” or similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of the company
to differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone’s past
success, either financial or strategic, is no guarantee of future
success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information
included herein for events occurring after the date hereof.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151209005358/en/
Copyright Business Wire 2015
Source: Business Wire
(December 9, 2015 - 5:00 AM EST)
News by QuoteMedia