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

To: Dante Sinferno who wrote (1418)	2/25/1998 5:45:00 AM
From: jack montgomery	Read Replies (1) \| Respond to of 14347

Hi Robert, One more sign GTL technology is coming of age! Jack Tuesday February 24, 11:53 am Eastern Time Company Press Release SLH Corporation Announces Syntroleum Agreement with Enron Capital and Trade Resources SHAWNEE MISSION, Kan.--(BUSINESS WIRE)--Feb. 24, 1998--SLH Corporation (SLH) announced today that its 31% owned affiliate, Syntroleum(R) Corporation, has signed definitive agreements to develop an 8,000 barrel per day gas-to-liquids specialty product plant in Sweetwater County, Wyoming. The text of Syntroleum's February 24, 1998 press release is as follows: ''Tulsa, OK - Syntroleum(R) Corporation announced today the signing of definitive agreements to develop an 8,000 barrel per day gas-to-liquids specialty product plant in Sweetwater County, Wyoming. Enron Capital & Trade Resources Corp. (ECT), a subsidiary of Enron Corp. (NYSE: ENE - news), Syntroleum and SLH Corp. (NASDAQ: SLHO - news) have contributed a total of $3 million to fund detailed engineering, land purchase and other development costs. Subject to certain conditions, ECT has committed an additional $14.5 million for a minority interest in the plant. The plant will utilize the Syntroleum Process to convert natural gas into specialty products, including synthetic lubricants, drilling fluids and liquid normal paraffins. The plant should also generate in excess of 50 megawatts of electricity for sale to others. Bateman Engineering has been selected as the engineering contractor on the project. Construction is scheduled to begin in late 1998 and the plant is expected to be operational some time in 2001. Separately, Syntroleum announced the signing of a non-exclusive volume license agreement under which ECT or other Enron affiliates acquired the right to license the Syntroleum Process outside of North America for the production of liquid fuels. Other companies that have licensed the Syntroleum Process include Texaco, ARCO, Marathon, YPF, and Kerr-McGee. 'We are excited to be developing the country's first gas-to-liquids specialty plant,' said Mark Agee, Syntroleum's President and Chief Operating Officer. 'Enron's investment adds significant value to the development of this project, which will convert natural gas into high quality (and environmentally superior) synthetic products for the lubricants and other specialty products markets. We are also very pleased to add Enron as a licensee of the Syntroleum Process.' 'Our relationship with Syntroleum not only represents a tremendous investment opportunity for ECT, it demonstrates ECT's commitment to support companies that have developed unique capabilities that complement our own,' said Kenneth D. Rice, Chairman and CEO of ECT North America. 'Syntroleum is able to take advantage of ECT's expertise in finance and natural gas, the feedstock for the Syntroleum Process. In addition, because the process produces electricity and can be flexibly deployed around the world, it complements Enron's electricity, international oil and gas, and project development businesses. We look forward to building on this partnership.' Tulsa-based Syntroleum Corporation licenses a proprietary process for converting natural gas into synthetic crude oil and transportation fuels. Separately, the Company is developing projects to use its technology for the production of specialty products. The process is designed to be applied in plant sizes ranging from 2,000 barrels per day and larger. Enron is the world's leading integrated natural gas and electricity company. The company owns approximately $23 billion in energy related assets and delivers physical commodities and risk management and financial services to provide energy solutions to customers around the world. Enron's internet address is www.enron.com.'' (R)Syntroleum is both a service mark and trademark of Syntroleum Corporation.