ZeoGas

About ZeoGas

ZeoGas LLC is a development-stage petrochemical company engineering a mega-scale, low-carbon blue methanol production facility. Founded in 2012 by Timothy D. Belton, the company is headquartered in Houston, Texas. Belton, who serves as Chairman and CEO, has over 35 years of experience in executive and restructuring roles at various engineering and manufacturing companies. The management team includes professionals with extensive backgrounds in finance, project development, risk management, and commercial operations within the energy sector.

The company's core business revolves around converting low-cost natural gas into blue methanol, a chemical and energy-transition fuel. ZeoGas plans to build its first plant near Port Arthur, Texas, a strategic location with access to inexpensive natural gas and robust export infrastructure. The business model leverages proven technologies to minimize risk, including Air Liquide's Lurgi MegaMethanol™ technology for methanol production and CryoCap™ for carbon capture. This process will capture over 90% of CO2 emissions, producing methanol with a significantly lower carbon intensity compared to conventional methods. Initially, in 2014, the company's strategy also included using ExxonMobil's methanol-to-gasoline (MTG) technology to produce zero-sulfur gasoline, but its current focus is on blue methanol.

ZeoGas targets industrial and marine fuel customers who are advancing their decarbonization goals. The demand for methanol is growing, particularly in the marine sector, where orders for methanol-powered vessels are increasing. The company has secured Letters of Intent with four off-takers for 121% of its planned 5,000 metric tons per day capacity. It has also secured a term sheet for approximately $2.7 billion in debt and equity financing and is seeking $25 million in bridge financing to reach project financing closure.