Welcome, we'd like to introduce an exciting technology called iReggs, a new way of turning natural gas into gasoline.
Current conversion processes cost about two dollars per gallon. Our process has a projected cost of well under $1.50 per gallon. iReggs can produce approximately twice the amount of liquid fuels from the same amount of natural gas compared to traditional facilities. Best of all, our process is profitable at much smaller scale than existing methods and can be used at stranded wells.
Crude oil costs more to convert into gasoline at two dollars ninety cents and the price of crude is increasingly volatile. iReggs will make our energy supply more independent, more diversified and less expensive.
We are currently planning the building of the prototype with grant funding and seek additional funds to accelerate development.