Nigerian energy tycoon Olakunle Williams’ Tetracore signs UK tech deal for 5,000 BPD gas-to-liquids plant in Ogun

Tetracore GTL Limited, a subsidiary of Tetracore Energy Group (TEG), has signed a Memorandum of Understanding with UK-based Velocys Technologies Limited, a globally recognized provider of Fischer-Tropsch synthetic fuels technology, to support the development of Tetracore's proposed modular Gas-to-Liquids (GTL) facility in Atakabo, Ogun State, Nigeria.

The agreement marks a significant milestone in Tetracore's strategic industrialization and gas monetization agenda, positioning the company to advance one of Nigeria's emerging modular GTL developments aimed at converting natural gas into cleaner, higher-value liquid fuels and industrial products.

The MOU includes terms for Velocys to provide proprietary Fischer-Tropsch (FT) technology licensing, process design support, engineering services, catalyst systems, and technical advisory support for the planned 5,000 barrels-per-day GTL plant.

The project will leverage Velocys' proprietary microchannel Fischer-Tropsch technology platform, designed for modular deployment and optimized synthetic fuel production. It marks one of the first potential deployments of Velocys' microFTL technology in Africa and leverages the technology's proven ability to produce synthetic fuels and wax products at commercial scale.

The Atakabo GTL project is envisioned as part of Tetracore's broader strategy to deepen domestic gas utilization, reduce flare-associated inefficiencies, support cleaner industrial fuel alternatives, and create value-added downstream energy infrastructure within Nigeria and across Africa. Tetracore Energy Group focuses on gas monetization, gas-to-liquids development, and industrial energy infrastructure projects, leveraging Africa's natural gas resources to deliver cleaner energy solutions and long-term infrastructure across strategic markets.

Speaking on the execution of the agreement, Olakunle Williams, President and CEO of Tetracore Energy Group, stated: "This marks a major strategic step forward in Tetracore's long-term industrial energy vision. Securing a globally recognized technology partner such as Velocys significantly strengthens the technical foundation of the Atakabo GTL project and reinforces our commitment to building bankable, globally aligned energy infrastructure projects in Africa."

He added: "Nigeria holds vast natural gas resources, and the future of industrial growth on the continent will depend not only on extraction, but on how effectively we monetize and industrialize those resources locally. GTL presents an opportunity to convert gas into cleaner transportation fuels and industrial feedstocks while unlocking economic value, jobs, infrastructure development, and regional energy security."

The proposed GTL facility is expected to produce synthetic diesel, naphtha, and other refined liquid products targeted at industrial, commercial, and regional energy markets.

As part of the arrangement, Tetracore GTL will lead project development activities including feedstock supply, permitting, financing coordination, infrastructure development, stakeholder engagement, and overall project execution. Velocys, a UK-based technology company specializing in Fischer-Tropsch synthesis for lower-carbon fuel production, is positioned to serve as the FT technology licensor and the provider of related engineering support, with a strong focus on delivering sustainable fuels to project developers worldwide.

The signing also reflects growing international confidence in Nigeria's gas industrialization potential and reinforces Tetracore's expanding footprint across strategic gas infrastructure, gas-to-power, compressed natural gas (CNG), and industrial energy solutions across West Africa.

The Atakabo GTL initiative aligns with broader national objectives around gas commercialization, industrial development, cleaner fuel alternatives, and the Federal Government's push toward a gas-driven industrial economy.

Tetracore noted that the execution of the MOU represents an important early-stage framework towards the negotiation of definitive project agreements and subsequent development phases.