The Methaforming technology allows oil refiners and gasoline blenders to make Euro-4 and -5 compliant high octane gasoline at 1/3 of the current level of costs and greenhouse gas emissions. The technology is proven with a recent launch of a commercial unit and more than 7 000 hours of lab plant tests. A top-tier engineering company hired by a large refiner confirmed our claims, estimated profitability of Methaforming as the highest of 12 technology options that were studied, with a large advantage over the second best alternative. Customer interest from Canada, China, a few EU countries, India, Iraq, Kazakhstan, Russia, Ukraine, USA, Uzbekistan. After the first 1.5 years of marketing (as of July 2017), 29 units in pipeline, incl. for sophisticated large and mid-size Western refiners. Looking to raise $5-6m, have indications of interest for $4m of that amount.

1. NGTS investment opportunity 11-17
Methaforming:
A profitable clean technology for the gasoline
market
An investment opportunity
Contacts: Alexei Beltyukov, a.beltyukov@ngt-synthesis.com

2. NGTS investment opportunity 11-17
1
Introduction: Relevant Trends in the Oil Industry
• Electric vehicles make admirable advances, but for a number of reasons demand for
(motor) gasoline will remain strong for decades to come.
• Growing production of shale oil and increasing adoption of gas-to-liquid (GTL)
technologies make naphtha a relatively abundant and cheap feedstock, especially for
smaller opportunistic refiners.
• Emission control is a long-term trend, poorly addressed by existing technologies.
2016 (A) 2040 (F)
25.1m
bpd
28.4m
bpd
Don’t believe the PR: demand
for gasoline grows by ca. 140k
bpd (5.5m tons) every year
Source: World oil outlook 2017; Statista; Petrochemical Update; EPA; BAAQMD
2015 (A) 2040 (F)
41.6m
bpd
49.5m
bpd
Production of lighter oil (a
source of naphtha) grows by
>300k bpd (12m tons) per year
Many national and regional
agencies around the world
recognize oil refineries as
significant contributors to
air pollution and require
the reduction of refinery
emissions by 20-30% over
5-10 years.

3. NGTS investment opportunity 11-17
2
• Employing our proprietary technology, oil refiners can produce high octane gasoline at
1/3 of the current costs and CO2 emissions. Our capital-efficient, scalable business model
taps into a $1 trillion gasoline market, collecting 0.5-1 cent from every dollar of the
revenue from gasoline made with our technology.
• First commercial Methaformer launched in 2017 and is profitable for the refiner.
Contracts for feed-specific trials signed with 7 refiners from Canada, Russia, Kazakhstan,
Uzbekistan with a view to design and build Methaformers ranging in capacity from 10k
to 1.5 million tons per year.
• In discussions with a global engineering company to provide Methaforming technology
for processing GTL naphtha for their $3+bn GTL unit(s).
• The team has a track record of 10x exits, is supported by top notch advisors.
• Profit and IP center in Switzerland; R&D, engineering and sales support offices in
Houston, TX and Moscow, Russia. We are raising $2 million in equity to finance business
development including expansion into new markets. Additional investment opportunity
available for funding production and sale of micro-methaformers that may become
standalone micro-refineries in emerging markets.
Summary: Methaforming Technology

4. NGTS investment opportunity 11-17
3
Size of opportunity: addressable market to exceed
$ 1.6 billion in 2020
Incremental
demand
Equipment
upgrades
Upgrading low
octane
naphtha*
Total addressable market for
Methaforming
$ million/year
680
460
550
1 690
* Including intermediate low-octane products of oil refining processes (e.g. raffinate, left over from extracting high value aromatics) in the
naphtha boiling range. Now, they are often blended by oil refiners directly into the gasoline pool.
Sources: International Energy Agency, Energy Information Agency, OANDA.
The Methaforming technology:
• Allows oil refiners in developing markets
- to make more gasoline with less CapEx, and
- makes oil refining a realistic option for small
“petropreneurs”;
• It gives oil refiners in mature markets a way to generate
higher margins;
• Reduces CO2 emissions.
For this, we collect 0.5-1% of the price of gasoline produced
with our technology.
Methaforming enjoys a 3+x cost advantage over competing
technologies, suggesting a potential to capture an unusually
large share of the addressable market.

5. NGTS investment opportunity 11-17
4
What is good about Methaforming for our clients?
Proprietary catalyst and processing technology
• Use cheaper feeds1 to make high octane gasoline
• Increase operating margins by over $200 per ton
• Reduce capital expenditures by up to $120/tpa2
• Reduce CO2 emissions by 112 kg per ton of feed3
• Profitable starting with 2k tons per year4.
1 Methaforming can use lower-value light naphtha and similar feeds with over 500 ppm of sulfur.
2 TPA - tons per year, a measure of processing capacity.
3 Depending on specific feed composition and available alternatives.
4 On a pre-tax basis. Net profitability depends on the tax regime in the chosen location.
Our clients make more money
and less CO2 per each ton of feed
A top-tier engineering company hired by a large refiner (who later became our
customer) confirmed our claims, estimated profitability of Methaforming as the
highest of 12 technology options that were studied, with a large advantage over
the second best alternative.

6. NGTS investment opportunity 11-17
5
Economic and environmental impact driven by
superior efficiency of chemical reactions
Thermal efficiency:
Chemical reactions that consume
heat (626 kJ/kg) are coupled with
reactions producing heat
(658 kJ/kg) in the same reactor.
No need to burn as much
fuel to keep the reactions
going as in catalytic
reforming (a current
mainstream solution)
Process efficiency:
Feeds are converted into product
mix with one pass in one reactor.
Replace up to 5 process units
with one Methaformer:
• Hydrotreater,
• Separator,
• Catalytic reformer,
• Catalytic isomerization
unit,
• Benzene removal unit.
Up to $120/tpa less
capital expenditure,
3x less OpEx
Emit up to 112 kg of
CO2 less per each ton
of processed feed

7. NGTS investment opportunity 11-17
6
Case studies: A refiner’s investment in
Methaforming can pay back in under a year
Main feed
(~75% by weight;
with dry FCC gas
as secondary
feed)
What refiners do with
this feed now
What we suggest
doing with this feed
instead
Methaforming advantage:
Margin
increase
CapEx impact ($/ton
of annual capacity)
Raffinate from
aromatics
extraction*
Blend directly into
gasoline pool, lowering
resulting octane and value Process in a newly
built Methaformer
before blending into
the gasoline pool
$ 200+/ton
$ 190/tpa to build the
Methaformer
Light virgin
naphtha
Process in an
isomerization unit with
recycle
$ 27/ton
Methaformer costs
$ 50/tpa less to build
Full range
naphtha
Process in a suite
consisting of HDS+CCR +
isomerization units
$ 71/ton
Methaformer costs
$ 120/tpa less to build
Process in a suite
consisting of HDS+ Semi-
regen reformer
Process in the HDS
converted into a
Methaformer
$ 125/ton
$ 23/tpa to convert
HDS into Methaformer
All numbers are based on calculations performed for specific refiners. Actual results for other situations
(different composition of feed, different capacity) may differ.
* An example of “orphan”, i.e. frequently undermonetized, stream. Other examples include Light
Virgin Naphtha, FCC light naphtha, naphthas from coker, visbreaker, etc.

8. NGTS investment opportunity 11-17
7
Stage 1 business model: selling licenses and
catalyst to oil refiners
Oil refiner
Catalyst
Manufacturer
LicenseCatalyst
(every 5 years)
Catalyst
(formula
belongs to
NGTS)
Indicative unit economics for a 100k tpa (small to mid-size) unit
The regular need to procure the catalyst provides an additional level of confidence that the refiner will keep paying the licensing fees.
* Manufacturing of the catalyst will remain outsourced; in steady state, the manufacturing expense will be financed by a loan.
“Catalyst” line in the Revenue section means our margin on the sale of the catalyst.
** Annualized. Catalyst has to be replaced every 5 years.
$ 000 Upfront Annual
Revenue License fee 600 100
Catalyst* 150 30**
Total 750 130
Cost Catalyst* (20) (4)**
Gross margin 730 (97%) 126 (97%)
$ 000 Upfront Annual
Revenue (incl.
volume discount)
License fee 2 500 -
Catalyst* 650 130**
Total 3 150 130
Cost Catalyst* (90) (18)**
Gross margin 3 060 (97%) 112 (86%)
Indicative unit economics for a 500k tpa (mid-size to large) unit

9. NGTS investment opportunity 11-17
Specialty chemicals manufacturer
Regular
royalties
Launch
Upfront revenue
in the bank
Contract
signedEngineering
Price talks
Feed testing
Yield
modeling
8
Market appeal: first unit launched and profitable, 30
more are progressing
First
discussions
Unit capacity
Engineering and co-promotion
partner in E. Europe:
Distribution partner
in China:
50k tpa
Same client as the first (6k tpa) unit10k tpa
Mid-size oil refiner
200k tpa
Mid-size oil refiner
60k tpa
A top-10 oil refiner 60k tpa
Small oil refiner
100k tpa
A top-10 oil refiner
483k tpa
Mid-size oil refiner
340k tpa
A top-10 oil refiner
1.2M tpa
Greenfield refiner
160k tpa
A top-3 oil refiner
TBD
6k tpa Gasoline blender
A “petropreneur”
280k tpa
A top-3 oil refiner
TBD
Greenfield refiner
50k tpa
Small oil refiner 30k tpa
240k tpa Small oil refiner
Mid-size oil refiner
TBD

10. NGTS investment opportunity 11-17
9
Stage 2 business model: selling “kits”
(modular equipment pre-loaded with catalyst)
Entrepreneur or
Small oil refiner
Engineering Co.
Catalyst
Manufacturer
Gasoline market
Gasoline
Catalyst
(every 5 years)
EPC(M) services
Catalyst
(formula belongs to NGTS)
Process unit
(design belongs
to NGTS)
This business model has been used
in oil refining before. It is a source
of additional upside, not included
in current financial forecast as
feasibility still being studied.
It will allow to deploy substantial
capital ($ tens of millions in equity,
plus similar amounts in debt).
Equipment
Manufacturer
Kit:
Skid-based
process unit
loaded
with catalyst
Cheap local feeds, e.g.
• Naphtha,
• Condensate,
• Diluent, etc.

11. NGTS investment opportunity 11-17
Go-to-market strategy
10
1. Test markets: Russia, Kazakhstan. Launch first units (2017-19), demonstrate the process and economics at
scale. Build up business development capabilities (own sales force).
2. Reference and revenue generating markets: Canada, the USA, W. Europe. Launch a demo unit (2018-19).
Build up sales after getting 2-3 reputable clients (own sales force).
3. Main cash machines: S-E Asia, Australia, Brazil. When possible, sell through local partners initially (2017-
18), then build up own sales force (2019->).
4. “Kit” markets: mid-Asia, Turkey, Ukraine, Nigeria, Chad, Mexico. Sell the kits (modular self-contained units
outfitted with catalyst) – Stage 2 business model (2019->). Also covers small players in group 3 above.
5. Opportunistic markets: Middle East, N. Africa. Political situation permitting, can be in group 3 and/or 4.

12. NGTS investment opportunity 11-17
Solid multifaceted IP protection in place
11
Reactor design,
process conditions,
catalyst composition
Specific method to
manufacture the
catalyst
• 22 patents issued in Australia, Canada, China, the USA, 38
countries of the European Patent Organization, Russia.
• 7 PCT applications at international phases.
Trade secret.
Attorneys advising
on IP strategy
Attorneys executing
IP strategy

13. NGTS investment opportunity 11-17
12
With the first unit in operation, risks are reduced
Technology risk areas
• Catalyst
effectiveness and
run time
• Reactor design and
construction (wall
effects, local heat
pools, etc.)
• Process control
Business risk areas
• Client adoption
• Economics at
industrial scale
• Capital
requirements
• Effectiveness and run time of the catalyst proven beyond doubt: over 7,000
hours of tests with the present catalyst, actual refinery feeds. Earlier generation
of the catalyst in profitable commercial operation for over 10 years.
• Methaforming uses a simple fixed-bed reactor with pressures and temperatures
that are ordinary for oil processing equipment.
• These issues represent typical engineering tasks for oil processing equipment.
They will be studied and resolved during the operation of the first small units.
• Current sales pipeline and enthusiasm of prospective clients suggest rapid
expected adoption once the first units launch and operate for 3-6 months. Other
supporting factors:
- Large (3x) CapEx advantage over alternative technologies;
- High operating profitability and low payback period;
- Particular strength when processing highly paraffinic light oil fractions (e.g.
GTL naphtha, shale oil, condensate).
• Expected economics confirmed by the first months of operating the first unit.
• No need for NGTS investors to fund multi-million dollar demo units: clients are
making the investment.
Risk mitigation

14. NGTS investment opportunity 11-17
Raising $2m to achieve profitability
13
Revenue
Revenue growth, % year-on-year
Cash from sales
Cash operating costs
- R&D and IP protection
- Business development
- Manufacturing
- G&A
- Taxes
Total cash operating costs
Net cash from Operations
EBITDA
EBITDA Margin
Capital Expenditures
Cash flow before financing
Cumulative cash flow before
financing (for a new investor)
2017E 2018F 2019F 2020F 2021F 2022F
458
540
153
-
210
37
(482)
26
(108)
1 483
960
614
-
331
77
(499)
45
(943)
(943)
2 451
283
972
837
1 122
(905)
92
(997)
(1 940)
3 438
101
1 283
723
1 162
152
13
45
(27)
(1 967)
13 404
205
2 158
2 996
1 216
521
6 663
45
6 261
4 294
15 946
116
2 406
4 994
1 243
726
7 016
45
6 417
10 711
USD 000
141
-105% -34% -37% 1% 50% 44%
>1 000% 224% 65% 40% 290%* 19%
* Large Methaformers with multi-year sales cycles start coming on stream this year.
858 1 083 2 451 3 438 13 404 15 946
903 1 905 3 268 6 576 8 7583 214
(82) (899) (905) 17 6 306 6 462

15. NGTS investment opportunity 11-17
14
Use of funds: What will we achieve with the
investment?
Make a “sellable” 25-40k tpa
engineering design package
Design a production-ready 6k tpa
unit (“M-6”) that micro-refiners and
blenders can buy or order built
Strengthen the team to expand into
new markets
Implement the IP strategy
It will shorten our sales cycle and accelerate revenue from
numerous smaller clients where we see immediate interest.
It will allow us to test our Stage 2 business model that can
become a major source of profitability in emerging markets,
whether we limit our participation to just the “paper” part or
decide to commission and sell fully functional micro-refineries.
A professional CFO, sales and sales support engineers and
minimum admin personnel are needed for the stepped-up sales
activities in priority markets.
Need to cover costs of patenting in priority markets. This IP is
our core revenue-generating asset.
What Why it is important

16. NGTS investment opportunity 11-17
Leaders of the 20-strong team: chemical
science, engineering and business building
15
Denis Pchelintsev, Ph.D. (Engineering)
Founder, General Director of
NGTS-Eastern Europe
• Co-founder of a petrochemical startup (predecessor to NGTS),
exit at >10x in 2013, together with Alexei.
• With NGT group since its founding in 2006.
• Earlier – CEO of NIPTIEP Science and Technology Institute.
• Invented and implemented an oil spill clean-up technology.
Alexei Beltyukov
Founder, CEO
• Entrepreneur, three profitable exits from ventures he founded,
incl. together with Denis. Founder of NGT group.
• Launched a $2bn railcar leasing company. Turned around 10
and sold 8 industrial companies, net IRR > 42% over 9 years.
• Earlier at McKinsey & Co.
Olga Malova, Ph.D. (Chemical Engineering)
Chief Catalyst Officer
• Experience in catalytic refining processes with Bayer and Eni.
• Author of 50+ publications and 30+ patents.
• Commercially implemented an earlier generation of the
catalyst: a 6k bpd (300k tpa) unit at a 300k bpd (15m tpa)
European refinery. Profitable commercial operations since
1998; investment paid back in under a year.
• Professor at Gubkin State University of Oil and Gas.
Ø Technology advancement.
Ø Strategy and business development,
Ø General management.
Ø Operations in E. Europe and Middle East,
Ø R&D strategy.
Stephen Sims
President of NGTS – North America
• Career with major oil companies: Exxon, Citgo, ConocoPhillips.
• Technical manager at 15k bpd, 120k bpd, 200k bpd refineries.
Led strategy development for major refinery upgrades
(projects up to $4.5 billion).
• Sold two technology licensing businesses for $25 million.
• Energy Advisor at Houston Technology Center, Independent
refining consultant for the World Bank.
Ø Operations in North America,
Ø Sales support,
Ø IP strategy.

17. NGTS investment opportunity 11-17
Key advisors
16
Martin van SickelsMarvin Rakow
• Author of Refining chapter for ASTM Fuels and Lubricants
Handbook, numerous technical journal publications.
• Author of 15 patents in refinery process and fuel product
improvement.
Held senior executive positions in tech
development, operations and sales at oil refineries
(Citgo), refining technology developers
(Hydrocarbon Research) and engineering
companies (Kesler Engineering).
Was member of Executive Committee, VP and
Chief Technology Officer at KBR, Inc. (a $7+
billion EPC company with a strong presence in
oil refining) and held other senior management
positions at KBR and its legacy companies.
Was responsible for all of KBR’s licensed and special execution
technologies worldwide e.g. refining, GTL, synthetic fuels and
others. Responsible for KBR Technology Development Center;
member of the Inquiry Review and Pricing Committees and
Chairman of Technology Screening and Patent Committees.
• Author of 20 papers and published report chapters.

18. NGTS investment opportunity 11-17
17
Appendix

19. NGTS investment opportunity 11-17
What we did in stealth mode: over 7,000
hours of testing with actual refinery feeds
18
§ First micro plant
§ Start of the R&D process
§ Reactor volume – 0.01 L,
capacity – 0.0012 bpd
§ Testing time ~ 5 000 hours
§ Lab plant
§ Confirmed catalyst life
§ Reactor volume – 0.1 L,
capacity – 0.012 bpd
§ Testing time ~ 2 000 hours
§ Pilot plant
§ Confirmed yields and scale up
§ Reactor volume – 2 L,
capacity – 0.23 bpd
§ Testing time >100 hours
2000 - 2009 2009 - 2014 2015 - 2016
Confirmed the Chemistry Confirmed Catalyst Life Confirmed Yields and Scale-up

20. NGTS investment opportunity 11-17
Traditional process:
Catalytic Reforming &
Isomerization
Hydrotreater
Reforming
Isomerization
Naphtha
High octane
gasoline
Benzene
reduction
19
Separation
Methaformer
Stabilizer
Technology highlights: “cheap and green”
SIMPLIFIED
New process: Methaforming Advantages of Methaforming:
• Cheaper feedstock: ~25% methanol or
ethylene vs. 100% naphtha.
• Better yield of high octane gasoline
than a CCR reformer: 83% of n-paraffins
convert to i-paraffins and aromatics (vs.
48% in a CCR*); less than 1.5% benzene
in the product (vs. 3.7% in a CCR*).
• Simple one step process, hence capital
and operating costs about 3 times less
than for a traditional refining suite with
the same functionality (HDS + CCR+
isomerization unit).
• Due to fewer units and more efficient
heat balance of the reactions, much less
need for fuel gas, hence lower
emissions.
• Catalyst tolerates 1000 ppm of sulfur in
feed, reduces sulfur 10x without
depressing octane number (unlike a
traditional HDS).
• No precious metals in the catalyst.
vs.
Naphtha
Methanol
or
ethylene
High octane
gasoline
75% 25%
* Source: UOP CCR Platforming, Handbook of Petroleum Refining Processes by Robert A. Meyers (2016).

21. NGTS investment opportunity 11-17
20
Value proposition per market segment
Small units (3 k bpd and less),
processing various feeds in the
naphtha boiling range
Large units processing regular
reformer feed
Conversions of semi-regen
reformers
Processing of various naphtha
boiling range streams at large
refineries
Monetize your access to cheap feeds like condensate or low
octane naphtha, with an entry investment as low as $500k, for
$600k annual pre-tax cash margin*.
Step up your margin by 20+% without spending a fortune on a
new CCR.
Step up your margin by 20+% at a fraction of the cost of a new
CCR, benzene removal and isomerization plants, protect your
downside by keeping the option to return to old configuration if
needed later, AND get extra CO2 credits.
Step up your margin by 20+% with the capital you can raise
easily, and pay back for the investment in a matter of months.
Market segment Value proposition for an oil refiner or gasoline blender
* Estimates for a 250 bpd unit, based on a specific client case. Actual numbers can differ significantly, depending on the actual
capacity, configuration and local conditions (cost of feeds, price of gasoline, taxation).

22. NGTS investment opportunity 11-17
21
M&A activity in petrochemicals: high valuations
available, but few details disclosed
Gas Technology
Products
A portfolio of technologies
for natural gas processing
A portfolio of technologies
for oil refining
2001: Acquired by Merichem
2005: 50% of UOP bought by
Honeywell for $825m
Sources: Company data, the press.
UOP
Chemical Research
& Licensing
Not disclosed
$ 1,650 mil
2011: Acquired by CB&I Not disclosedCatalytic distillation
technology
Acquisition target and process M&A event Company value
Cansolv
Technologies
2008: Acquired by Shell Not disclosedSO2 and CO2 capture
process
Univation
Technologies
2013: Acquired by WR Grace for
$500m
$ 500 milSingle Unipol process
Kenox Technology
Corp. (seller)
2015: Acquired by Merichem Not disclosedSingle process: Wet air
oxidation technology
Scutter Enterprises
(seller)
2016: Acquired by Axens Not disclosedAssets and technology for
sulfur removal
Examined
further

23. NGTS investment opportunity 11-17
22
Unipol vs. Methaforming
Process Both: chemical processing of hydrocarbons, single process
4 licenses per year 6 licenses per year (projected)
Sources: Company data, The Freedonia Group, EIA, BP, OPEC.
Adoption rate
Market size:
• Of the underlying
commodity
• Of technology licensing
• $ 150-200 billion (gasoline that
can be made by Methaforming)
• Private deals, no data available
• $ 100-150 billion (polyethylene that
can be made by Unipol process)
• Private deals, no data available
Market growth (underlying commodity):
• Relative
• Absolute
Equity value at exit
Unipol Methaforming
>20% per annum4.0% per annum
$ 30-40 billion$ 4-6 billion
Compared to Unipol, NGT Synthesis operates in a market with a 7x faster absolute growth, with a
comparable projected adoption rate
$ 500 million (2013) ?
Economics CapEx 35% lower, OpEx 10%
lower than alternatives
CapEx 60+% lower, OpEx 60+%
lower than alternatives
Standalone process (= high CapEx,
long start-up process)
Part of refinery complex (= lower
CapEx, faster startup)

24. NGTS investment opportunity 11-17
23
Methaforming licensing projections are in line
with historical industry data
Application
Advantages
Marketing
started
Number of
licenses
Average licenses
per year
Merichem
(Fiber film contactor)
Licensor and
(Process)
Univation
(Unipol)
Removal of mercaptans
• No need for subsequent
oil cleanup
• Lower CapEx (no data
disclosed)
1974
> 500
12
Production of polyethylene
at lower pressure
CapEx 35% lower, OpEx
10% lower than
alternatives
1978
> 140
4
UOP
(CCR Reforming)
Naphtha reforming
Yields 5+% higher,
downtime 8+% lower,
but 20-50% higher
CapEx, and OpEx relative
to semi-regen reforming
1971
> 300
8
NGT Synthesis
(Methaforming)
Naphtha reforming and
isomerization with
MeOH
• CapEx 60+% lower,
OpEX 60+% lower than
alternatives
• Feed flexibility
2016
60 projected over 10
years
6 (projected)
Sources: Company data

25. NGTS investment opportunity 11-17
24
Methaforming: Reasons to expect rapid adoption
Factor Comment
• Much lower CapEx relative to existing alternative
technologies.
• High internal rate of return and low payback period.
• Even stronger advantage when processing highly
paraffinic shale oil.
• Fall back mode available when processing orphan
streams, lowering perceived risk to refiners.
• Higher CapEx advantage than any other major oil refining
technology enjoyed over alternatives in the last 50 years.
• Attracts initial interest and supports ability to borrow and
raise equity.
• Should the share of shale oil in overall crude production
grow further (as expected), Methaforming will become
even more attractive to refiners.
• When initially considering Methaforming for processing
of orphan streams (e.g. raffinate from aromatics removal
unit), refiners find comfort in knowing that should the
process fail, they retain the option of resuming the prior
mode of operations without a major disruption.

26. NGTS investment opportunity 11-17
Oil refiners in mature
markets seek ways to
protect their margins on
a per-barrel basis, since the
physical volumes grow
slower, stagnate or decline.
25
The $1 trillion gasoline market grows by $60 billion
a year, giving a strong platform to Methaforming
Global gasoline market
913
1290
2015 2021
379
630
2015 2021
535
660
2015 2021
Growing markets (non-OECD)
Mature markets (OECD)
Oil refiners in developing
markets seek ways to
make more gasoline
from available feeds
(naphtha, NGLs,
condensate, etc.) to meet
growing demand.
Sources: International Energy Agency, Energy Information Agency, OANDA.
Refiners in all
markets look for ways
to reduce CO2
emissions
$ billion
$ billion
$ billion

27. NGTS investment opportunity 11-17
Methaforming:
A profitable clean technology for the gasoline
market
An investment opportunity
Contacts: Alexei Beltyukov, a.beltyukov@ngt-synthesis.com