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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market -- Ignore unavailable to you. Want to Upgrade?

To: Terry Lyon who wrote (40)	7/24/1998 6:26:00 PM
From: Marc Cernovitch	Read Replies (1) \| Respond to of 275

I pulled this out of the company's package: "Carbon Resources Limited Synfuels Technology The synfuels technology of Carbon Resources Limited also involves the conversion of the natural gas into synthesis gas followed by the Fischer-Tropsch process to produce liquid hydrocarbons. Figure 4 depicts a schematic of the typical Carbon Resources Limited synfuels technology. The Carbon Resources Limited technology is unique as compared to the other available technologies in two major ways: 1. It employs a novel and revolutionary cold plasma (plasma, an ionized gas, is the fourth state of matter; solids, liquids, and gases are the first three) to generate the H2/CO synthesis gas from natural gas. The proprietary principle of introducing a gas into a cold plasma electrical discharge is called GlidArc by Carbon Resources Limited. The GlidArc principle is depicted in Figure 5. This principle when applied to natural gas has been patented by Carbon Resources Limited as the SynGen process. 2. The Carbon Resources Limited Fischer-Tropsch process employs the hydrocarbon chain limiting catalyst developed by the Zelinsky Institute in Moscow. This catalyst promotes the Fischer-Tropsch reaction to produce directly liquid products only in the naphtha-diesel fuel range, which reduces plant capital cost as well as process complexity. The resulting hydrocarbon distribution of the synfuels liquid product is presented in Figure 6. This reduction in process complexity afforded by the Carbon Resources Limited technology cannot be over emphasized. The competing synfuels technology is so complex that it resembles more closely an oil refinery usually found in industrial locations as opposed to a gas plant in a remote area of a third world country. The reduction in capital costs as well as overall plant simplicity made possible by the Carbon Resources Limited synfuels technology will be far more appealing to both independent oil companies and host countries alike. The Carbon Resources Limited synfuels technology, because of the advantages of the SynGen process, is able to directly convert natural gases containing as much as 30% CO2 into synfuels. Not only are greenhouse emissions reduced, but also more of these high CO2 content reservoirs become attractive for gas monetization by conversion into ultra clean burning synthetic fuels. Carbon Resources Limited Advantages The Carbon Resources Limited synfuels technology offers a new and novel approach to monetizing stranded natural gas. Substantial capital reduction for the synthesis gas portion is made possible by use of the Carbon Resources Limited patented SynGen process. The Carbon Resources Limited Fischer-Tropsch reactor employs a proprietary hydrocarbon chain limiting catalyst which further reduces capital cost and plant complexity for producing synfuels. In addition, the Carbon Resources Limited synfuels technology allows the use of gases containing as much as 30% CO2 to be used directly as feedstock in syngas formation, reducing the greenhouse effects of venting this portion of stranded natural gas and avoiding the capital cost of CO2 removal facilities. Summarizing, Carbon Resources Limited synfuels technology has the following advantages: Substantially lower synthesis gas cost Proprietary hydrocarbon chain limiting catalyst Elimination or substantial reduction of downstream liquid processing facilities Reduction of overall plant complexity Capability to use high CO2 natural gas as feedstock. More practical overall facility for remote sites in third world host countries" As far as I understand things, the largest advantage that ATNY is claiming is the fact that in the conversion from natural gas to synthesis gas their process doses not require them to go to a wax state before converting to the end product. I think the wax to synthesis gas process is called hydrocracking, which involves very high temperatures, and consequently higher capital as well as operating costs. I also tracked down the web site for the N.D.Zelinsky Institute of Organic Chemistry, which is where ATNY is getting the Fischer-Tropsch side of their process ioc.ac.ru Their server was down so I did not get a chance to look around, but it is probably worth checking out once server is back up.