A system and method for converting (dry reforming) natural gas (methane) and carbon dioxide via reformer catalyst in a dry reformer into syngas including carbon monoxide and hydrogen, and discharging the syngas to a Fischer-Tropsch (FT) reactor. Supplemental hydrogen is generated via water electrolysis and added to the syngas in route to the FT reactor to increase the molar ratio of hydrogen to carbon monoxide in the syngas. The syngas may be converted via FT catalyst in the FT reactor into FT waxes.