(325f) Potential of Monetizing Stranded Natural Gas through Process Intensification and Green Energy

The crucial shift in global resource use and technological innovation are significant for achieving a smooth transition to a low-carbon economy and climate-resilient development. Despite the current abundance of natural gas in the worldwide market, there are considerable gas resources that remain unusable for economic and physical reasons. This unexploited gas resource is known as a stranded gas. Consequently, developing feasible alternatives for monetizing stranded natural gas are essential to attract investors' attention. The most appropriate alternatives should offer significant security and stability of investment along the life cycle of a project to overcome market fluctuations, technological advances, and political conflicts or trade bans. This study presents a new design framework for an integrated system. The proposed conversion system of natural gas to valuable products shows a significant capital cost reduction while preserving energy and improving sustainability through finding optimal natural gas technologies, integrated process flowsheets, and techno-economic feasibility.