Carmakers, oil companies join for GTL

Carmakers and oil companies are joining to explore gas-to-liquid technology, the Financial Times reported Wednesday. GTL allows companies to create a synthetic fuel — and other petroleum-derived products — from natural gas, coal and biomass.

In a new body, the Alliance of Synthetic Fuels in Europe, carmakers DaimlerChrysler, Renault and Volkswagen have joined up with oil companies Royal Dutch Shell and SasolChevron to pioneer the use of GTL as a means of manufacturing diesel fuel.

UPI