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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: AltLar who wrote (60177)	2/11/2000 5:27:00 PM
From: Bradpalm1	Read Replies (1) \| Respond to of 95453

In addition to the announcement below, TX also announced that they were planning to use Rentech's (RNTK) Fischer-Tropsch GTL technology with all their gasification units around the world. Apparently the market was impressed: finance.yahoo.com Texaco Seeking Venture With Fuel-Cell Company This Year By David Wells White Plains, New York, Feb. 10 (Bloomberg) -- Texaco Inc. the third-biggest U.S. oil company, wants to form a joint venture this year with a fuel-cell company as electric generators and automakers accelerate efforts to use the power systems. Fuel cells combine hydrogen and oxygen to generate electricity, emitting far less pollution than current auto engines or fossil-fuel-fired power plants. Texaco said its business unit that turns fuels such as refinery residues and coal into gases could also produce hydrogen for fuel cells. ``We have been deluged with inquiries,' said William Wicker, senior vice president of corporate development. ``We want to be a major player in this new business.' Texaco said it has had discussions with fuel-cell companies, but wouldn't name them. It has also talked with ``all the auto companies,' Wicker said. Texaco had 1999 sales of about $36 billion. Its shares rose 1 7/16 to 51 in late trading.