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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 (579)	12/10/1997 11:49:00 AM
From: jack montgomery	Read Replies (2) \| Respond to of 14347

Hi Joe, I just ran across this on Yahoo! Jack -------------------------------------------------------------------------------- Wednesday December 10, 10:06 am Eastern Time Company Press Release SLH Corp. Announces Syntroleum to Pursue First Commercial Gas-to-Liquids Plant SHAWNEE MISSION, Kan.--(BUSINESS WIRE)--Dec. 10, 1997--SLH Corp. (Nasdaq:SLHO - news; SLH) announced today that its 31% owned affiliate, Syntroleum Corp., has signed an agreement with Texaco and Brown & Root to develop a 2,500 barrel per day gas-to-liquids (GTL) plant using the Syntroleum(R) Process. The text of Syntroleum's December 10, 1997 press release is as follows: ''Tulsa, OK - Texaco, Brown & Root and Syntroleum Corp. announced today the signing of an agreement to develop a 2,500 barrel per day gas-to-liquids (GTL) plant using the Syntroleum Process. The proposed plant will be a modular design to be located outside the United States at a site to be announced during the first quarter of 1998. The plant's design will incorporate the new HMX (hybrid multiphase technology) Fischer-Tropsch reactor that has been developed under a joint development agreement between Texaco and Syntroleum, with technical support from Brown & Root and Bateman Engineering. The 2,500 barrel per day plant will be capable of converting natural gas into light and heavy syncrude, which can be further processed into petroleum products. Purchase orders are expected to be issued in the near term for items that could impact the plant's scheduled start-up during the 3rd quarter of 1999. Brown & Root will act as the engineering procurement and construction contractor. Texaco will provide operating, process and technical expertise. 'We are excited to get our first GTL project underway and expect to be incorporating Syntroleum's GTL technology into various locations worldwide as an additional means of adding value from Texaco's global gas reserves,' stated Graham Batcheler, president for International Marketing and Business Development, Texaco Global Gas and Power. 'We expect that this will be the world's first economical GTL plant,' stated Mark Agee, Syntroleum's president and chief operating officer. 'This project ushers in the deployment phase of the GTL industry. We are delighted that Texaco, our first licensee, has taken the lead with Brown & Root to move the Syntroleum Process forward to a commercial plant.' 'Brown & Root is pleased to be a part of the first commercial plant,' stated Dave Lesar, president and chief operating officer of Halliburton Company. 'We anticipate this project will open the way for numerous applications to a wide range of gas reserves throughout the world. The Syntroleum Process will allow our customers to capture more value from the full range of their energy assets.' Texaco's Global Gas and Power Business Unit offers global experience in bringing increased value to worldwide customers covering the entire span of gas operations from well-head to consumer, including natural gas, natural gas liquids, power and syngas. The company also has substantial global experience in all aspects of independent energy production and gasification - pioneered by Texaco. Brown & Root, a subsidiary of Halliburton Company (NYSE:HAL - news) is a global engineering, construction and diversified services company employing 30,000 people worldwide. Tulsa-based Syntroleum Corp. licenses its proprietary process for converting natural gas into synthetic crude oil and transportation fuels. The process can be applied in plant sizes ranging from 2,000 barrels per day to 50,000 barrels per day and larger.'' -------------------------------------------------------------------------------- Contact: SLH Corp. Kimberly A. Schaefer/Steven K. Fitzwater, 913/652-1000