Gov. Doug Burgum and the North Dakota Department of Commerce today announced that the North Dakota Development Fund has approved initial support for Cerilon Inc. to develop a major gas-to-liquids (GTL) complex in North Dakota, with the initial phase estimated at $2.8 billion.
The Development Fund Board today approved $3 million in initial developmental capital to Cerilon GTL Inc., a subsidiary of Calgary, Albert-based Cerilon Inc., for the GTL complex, with further financial support anticipated.
With this support, Cerilon GTL will proceed with the remaining development in anticipation of construction of the $2.8 billion Phase 1 GTL facility in Williams County. The GTL project supports state leadership’s strategy to diversify the energy industry and support clean, environmentally responsible energy development.
“The global investment community and markets are demanding low carbon energy,” Burgum said. “North Dakota is well-positioned to be a global leader and coveted location for businesses who are looking to expand and respond to the many factors that are currently shaping the future of energy.”
Contact Information
Rochelle Harding, P.Eng.
Director, Sustainability and Engagement
Info@Cerilon.com