Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Carl Leonard who wrote (807)	1/3/1998 7:29:00 PM
From: Bill Purcell	Read Replies (1) \| Respond to of 14347

Refinery "bottoms" are heavy vacuum resid and would either go to a coker or be used as asphalt. Cokers use a thermal process (no catalyst) that converts the vacuum resid to a mixture of lighter liquids that are recycled back into the refinery, fuel gas, and solid coke that is mostly used by the iron ore industry. Obviously the value of these products is very low, probably in the neighborhood of $10/bbl, so Rentech's process that converts 80% to midbarrel worth $30-35/bbl has a lot of potential application. I am not in the refining business, but I would guess there is at least 1,000,000 bbl/day of heavy vaccum resid processed in the US and probably 5x that world-wide. If Rentech could license just 10% of that market it would be very lucrative. Regards, Bill Purcell