Pembina Midstream Naphtha Offtake Agreement
Cerilon GTL ND Inc. (“Cerilon”) is pleased to announce the signing of a binding offtake agreement with Pembina Midstream (U.S.A.) Inc. (“Pembina”), a subsidiary of Pembina Pipeline Corporation, for naphtha from its gas-to-liquids (GTL) project under development in Williams County, North Dakota.
The agreement solidifies a key element of Cerilon’s commercialization strategy for its flagship GTL project, which will convert natural gas into high-performance synthetic energy products including Group III+ base oils, ultra-low-sulfur diesel and naphtha. Under the terms of the agreement, Pembina will serve as the exclusive buyer for the offtake of all naphtha produced from Cerilon’s North Dakota facility.
“This agreement marks a significant milestone in the development of our North Dakota GTL project,” said Ron Opperman, CEO of Cerilon GTL ND. “Pembina’s extensive midstream expertise and market access make them an ideal partner to help ensure reliable offtake and distribution of our naphtha.”
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