Terry it appears you are absolutely, 100% correct.
I thought you would like to know that I contacted John Ford at Syntroleum with some questions regarding the Syntroleum process. Here is the E-mail as I sent to Mr. Ford of Syntroleum and abbreviated answers from my notes:
Mr Ford, I have heard that the Syntroleum process does not deal especially well with gas contaminated by sulphur. And that any day now Texaco will sign an agreement with a competing GTL company for the licensing of their proprietary process.
Mr Ford, if this is true and Texaco signs an agreement for a competitor's licensing, where will this put you and Texaco? Would this put your deal in jeopardy?
Who is this RNTK and are you willing or able to discuss if they are viable competition.
I know almost nothing about them except their GTL catalyst is iron and not cobalt.
Mr Ford phoned me this morning with these answers to my questions:
1) "Sulfur in gas will poison the (Syntroleum) catalyst".
2)"Iron based catalysts, (such as Rentech's) handle solids such as coal and residuals better than cobalt based catalyst. (the catalyst used in the Syntroleum process)
3)"Syntroleum is concentrating only on gases"
4)"Syntroleum's deal will be unaffected by any deal between Texaco and
Rentech."
5)"Syntroleum does not consider Rentech a competitor, since Syntroleum's emphasis is on gases only, and not on solids"
Mr Ford also stated that Texaco's 2,500 barrel per day plant using
Syntroleum's technology is a go, and that a 20,000 barrel per day plant is planned in the amazon.
He was unable to provide me with any details as to Rentech, and referred me to them to answer any technical questions regarding any drawbacks in their GTL and STL process.
Congrats Terry(and others) for scoring with RNTK. Looks like you were right all along and you will be right next week. Yes I noticed the 25%
you picked up. And the 2.5 million shares traded. The Texaco/Rentech licensing looks to be a done deal.
For those SLH Corp investors, the Rentech/Texaco deal only means Texaco wants to convert huge piles of coal that Syntroleum can't handle. I am totally convinced that Syntroleum's process works better than Rentechs on gases. And so are the oil execs who have bought licenses from Syntroleum. Rentechs basic technology has been used before, with Sasoil in the 50s and others more recently, and has been abandoned, before.
I'm long on SLH Corp. |
