Fischer-Tropsch often referred to as FT for short is a series of chemical reactions to convert carbon monoxide and hydrogen into liquid hydrocarbons. The reactions are triggered by a catalyst, usually cobalt or iron, and managed under high temperatures in a chamber or reactor. Some might consider it a neat trick to converting otherwise useless waste biomass or stranded natural gas to something useful like a liquid transportation fuel. The problem is that FT is expensive, requiring significant capital to build the reactor and attendant gasification, water handling, and fuel distribution systems. Operating costs are also steep for catalyst materials, operating personnel, maintenance.