Steven Murray as New CEO at Primus

HILLSBOROUGH, N.J., August. 16, 2017 — Primus Green Energy, Inc., a gas-to-liquids company that converts natural gas and other hydrocarbon feedstocks directly into high quality gasoline or methanol, today announced that Steven Murray, is taking over as President and Chief Executive Officer.

Most recently, Murray was president of a rapidly growing recycling business, Avangard Innovative, disrupting the waste management multi-billion dollar market. He succeeds Sam Golan, former Primus Chief Executive Officer and prior to that Chief Operating Officer, who lead in the development of the commercial demonstration plant. Mr. Golan will remain with Primus as a Director.

“I am thrilled to join Primus during this exciting time with the development of the Marcellus commercial plant and the Alberta plant not far behind. Primus has developed a first class STG+™ technology and I’m excited to be leading the team during the next phase in growth” said Steven Murray, “we have a strong team with a bright future.”

Murray began his career with Shell as a technologist in UK chemical plants. From there, he held increasingly senior positions in sales, marketing and trading in the UK and internationally. He came to the US with Shell in 1994. After a short stint in a strategy role in the Upstream business, Murray started an international trading company that profitably traded crude, refined products and LPG, plus associated paper instruments. Subsequently, he successfully led the turnaround of Shell Energy Services, a company marketing gas and electricity across the US to residential and commercial customers. He returned to Shell Chemicals to lead the Higher Olefins and Derivatives business with a presence in fifty countries and four major manufacturing facilities, primarily in the US and Europe.

He later became President of the largest deregulated retail energy company in North America, Direct Energy Residential in 2010. He subsequently served as COO for all Direct Energy companies in North America. In his time at these companies, he successfully executed a large number of profitable mergers and acquisitions.

Murray gained a first class honors degree in Chemistry from Edinburgh University, Scotland. He was recognized by the Royal Society of Chemistry (MRSC) and was a Captain in the 10th Battalion of the Parachute Regiment, Territorial Army. He is a member of several not-for-profit boards spanning schools, theater and the USO. He lives in Houston with his wife and three boys.

“Primus is leading in the market for small scale GTL and I thank Sam Golan for his deep contributions in Primus’ success,” said Steven Murray, the new president and chief executive officer of Primus Green Energy.

About Primus Green Energy, Inc. Primus Green Energy, based in Hillsborough, N.J., has developed an innovative alternative fuel technology that economically produces transportation fuels such as high-octane gasoline, and methanol that is cleaner burning with much lower emissions. These fuels are produced directly from natural gas or syngas and other carbon-rich feedstocks. These drop-in fuels can be used directly in engines as a component of standard fuel formulas without costly engine modifications or changes to the fuel delivery infrastructure. Primus’ STG+ technology, which is a proprietary version of proven commercial technologies, has recorded the highest conversion efficiency rate in the industry. Primus Green Energy is backed by Kenon Holdings Ltd, a holding company head-quartered in Singapore. For more information, visit http://primusge.com or contact George Boyajian, Chief Commercial Officer, via e-mail at gboyajian@primusge.com or at 908-281-6000, ext. 136.

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Greener and leaner solution

There has been much attention and investment in the oil and gas industry in the area of carbon capture and sequestration, but we hear much less about creating value from recovered off-gas – quite simply, money and CO2 that is disappearing into flares from petrochemical plants and refineries throughout the Middle East.

While many plant operators in the region have made enormous strides in flare reduction, converting remaining flared gas into methanol or gasoline can have both economic and environmental returns.

There’s been a significantly greater call to reduce gas flaring and CO2 venting since the United Nations’ 21st COP climate negotiations took place last year, resulting in increased pressure on the refining and chemical industries to cut their greenhouse gas (GHG) emissions. For example, since the summit, our company has taken inquiries from the Gulf region in particular, where innovative operators at refineries and petrochemical plants are looking for ways to reduce the flaring of their off-gas streams.

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Steven Murray as New CEO at Primus

HILLSBOROUGH, N.J., August. 16, 2017 — Primus Green Energy, Inc., a gas-to-liquids company that converts natural gas and other hydrocarbon feedstocks directly into high quality gasoline or methanol, today announced that Steven Murray, is taking over as President and Chief Executive Officer.

Most recently, Murray was president of a rapidly growing recycling business, Avangard Innovative, disrupting the waste management multi-billion dollar market. He succeeds Sam Golan, former Primus Chief Executive Officer and prior to that Chief Operating Officer, who lead in the development of the commercial demonstration plant. Mr. Golan will remain with Primus as a Director.

“I am thrilled to join Primus during this exciting time with the development of the Marcellus commercial plant and the Alberta plant not far behind. Primus has developed a first class STG+™ technology and I’m excited to be leading the team during the next phase in growth” said Steven Murray, “we have a strong team with a bright future.”

Murray began his career with Shell as a technologist in UK chemical plants. From there, he held increasingly senior positions in sales, marketing and trading in the UK and internationally. He came to the US with Shell in 1994. After a short stint in a strategy role in the Upstream business, Murray started an international trading company that profitably traded crude, refined products and LPG, plus associated paper instruments. Subsequently, he successfully led the turnaround of Shell Energy Services, a company marketing gas and electricity across the US to residential and commercial customers. He returned to Shell Chemicals to lead the Higher Olefins and Derivatives business with a presence in fifty countries and four major manufacturing facilities, primarily in the US and Europe.

He later became President of the largest deregulated retail energy company in North America, Direct Energy Residential in 2010. He subsequently served as COO for all Direct Energy companies in North America. In his time at these companies, he successfully executed a large number of profitable mergers and acquisitions.

Murray gained a first class honors degree in Chemistry from Edinburgh University, Scotland. He was recognized by the Royal Society of Chemistry (MRSC) and was a Captain in the 10th Battalion of the Parachute Regiment, Territorial Army. He is a member of several not-for-profit boards spanning schools, theater and the USO. He lives in Houston with his wife and three boys.

“Primus is leading in the market for small scale GTL and I thank Sam Golan for his deep contributions in Primus’ success,” said Steven Murray, the new president and chief executive officer of Primus Green Energy.

About Primus Green Energy, Inc. Primus Green Energy, based in Hillsborough, N.J., has developed an innovative alternative fuel technology that economically produces transportation fuels such as high-octane gasoline, and methanol that is cleaner burning with much lower emissions. These fuels are produced directly from natural gas or syngas and other carbon-rich feedstocks. These drop-in fuels can be used directly in engines as a component of standard fuel formulas without costly engine modifications or changes to the fuel delivery infrastructure. Primus’ STG+ technology, which is a proprietary version of proven commercial technologies, has recorded the highest conversion efficiency rate in the industry. Primus Green Energy is backed by Kenon Holdings Ltd, a holding company head-quartered in Singapore. For more information, visit http://primusge.com or contact George Boyajian, Chief Commercial Officer, via e-mail at gboyajian@primusge.com or at 908-281-6000, ext. 136.

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