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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (478)	12/6/1997 12:00:00 PM
From: Lord Smooth	Respond to of 14347

Tokyo, that was one of the best posts I've seen you write. Good summary... Schopenhauer

To: TokyoMex who wrote (478)	12/6/1997 6:07:00 PM
From: Terry Jackson	Read Replies (1) \| Respond to of 14347

Excellent posting, Joe. A thought just occurred to me -- why not fit out an old (or new) oil tanker with the Rentek process. That way they could easily sail to all parts of the world where gas or bottoms were available. If no one has thought of this before (highly doubtful) I claim a finders fee(BG) Terry

To: TokyoMex who wrote (478)	12/6/1997 7:19:00 PM
From: John S. Baker	Respond to of 14347

Thank you for posting this nice summary. My only quibble is that I question whether Sasol is actually making money on gas-to-liquid conversions. Seems to me I remember that their technology was very heavily subsidized by the South African government during an embargo period, and that is why they already have producing plants. If memory serves, there are two possible ways this process becomes cost-effective. One is in converting natural gas at (or near) the well-site into a useful product. Many wells are located in areas far away from the necessary pipelines to bring the natural gas to market, so it is vented/burned off into the atmosphere. Cobalt-based processes are better for this option. The other is for cleaning out the junk that is left over in the natural refinery processing of crude oil. Not only do they get high-quality diesel fuel out of teh process, but they clean up a very nasty mess which otherwise would cost a lot to remediate. And this is where the iron-based process (RNTK's) excels. So, if my merory and understanding are correct, nobody yet is "making money" off of GTL conversions. As I said, it's only a quibble. JSb.