In January 2012 CGTL announced the successful conclusion of the facility testing by Petrobras. The technology has now been approved by Petrobras as ready for commercial deployment, and the extensive testing has been successful in proving the facility to be operable and robust.
CompactGTL is backed by global private equity secondaries firm Coller Capital.
"CompactGTL has delivered the world’s first modular GTL plant. This potential multi-billion dollar GTL economic game changer is now poised to accelerate its commercialisation across the upstream industry."
Coller Capital CIO, Jeremy Coller