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To: richardred who wrote (829)	8/22/2005 4:33:05 PM
From: Esoteric1	Respond to of 7256

RTK related: Headwaters signs two license agreements to construct Coal-to-Liquids demonstration plants 1:37 PM ET August 22, 2005 Co announces that its Headwaters Technology Innovation Group (HTIG) subsidiary has completed two license agreements for construction of direct and indirect coal-to-liquids demonstration plants. The proposed project is to build two 30,000 ton per year demonstration coal-to-liquids (CTL) plants in Inner Mongolia, China. The indirect CTL plant will be built first and will include a coal gasifier and a Fischer-Tropsch plant. UK RACE Investment Limited (RACE) will invest the $40 mln needed to design and build the ICL plant. In addition to the license fees, HTIG will be paid for the process design of the Fischer-Tropsch synthesis portion of the demo plant.