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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (2711)	8/31/1998 2:05:00 PM
From: Lawrence Hilzenrath	Read Replies (1) \| Respond to of 119973

RNTK News. Looks good. Rentech Enters Joint Development Agreement With Thermal Conversion Corp. DENVER, Aug. 31 /PRNewswire/ -- Rentech, Inc. (Nasdaq: RNTK) the Denver- based holding company and the developer, marketer and licensor of a patented and proprietary process for the conversion of gases and solid, carbon-bearing material into valuable liquid hydrocarbons (Gas to Liquids- GTL) today announced that it has entered into a Joint Demonstration Project with Thermal Conversion Corp. (TCC) Thermal Conversion Corp. is wholly owned by EnerTek Partners, an investment group managed by Scientific Advances, Inc. (SAI), a subsidiary of Battelle Memorial Institute. EnerTek Partners is composed of major natural gas companies in the United States, including Brooklyn Union Gas System, Columbia Gas System, Consolidated Natural Gas, Enron Corporation, Equitable Resource Company and Southern California Gas Company. TCC is a Delaware corporation with headquarters in Kent, Washington. The Joint Demonstration Project will evaluate the use of the TCC plasma technology which uses a proprietary high-power, induction-coupled plasma torch and high-temperature reactors to convert natural gas into a tailored synthesis gas, suitable for use by Rentech's GTL process. Synthesis gas, a mixture of carbon monoxide (CO) and hydrogen (H2) is the intermediate step for the conversion of carbon bearing materials to liquid hydrocarbon for all GTL processes. During the two phase, sixteen week project funded by Rentech, the viability of using the TCC plasma technology in GTL plants will be tested for verification at pilot plant scale and capital costs will be developed. Upon successful completion of the Project, Rentech has the right to receive a nonexclusive license to use the TCC plasma technology and to receive a portion of any future license fees and royalties received by TCC for use of their plasma technology in any other GTL projects. TCC will provide the plasma system and receive throughput fees on syngas produced by its plasma system when used with any GTL process including Rentech's. "Rentech is very excited about the opportunity presented to it by TCC and its president, Dr. Edward Bohn. Successful demonstration of the TCC system could provide for the reduction in the cost of GTL development making Rentech's GTL process even more competitive as an alternative oil and gas technology in the future. Further, it could provide a cost-effective solution for barge mounted GTL processes. Use of the TCC system, as the first step in the Rentech process, could be implemented as part of the overall GTL process, to convert natural gas produced on remote off-shore platforms into clean liquid hydrocarbons on a cost effective basis that previously might not have been possible," stated Dennis L. Yakobson, President and CEO of Rentech. According to Dr. Bohn, this is an important market based on industry sources which state that half of the world's 5,100 trillion cubic feet of discovered gas is too remote to produce, much of which is offshore. Information on TCC can be found on its company web site at www.thermalconversion.com, or by calling the company at 253-872-1990. For more information contact: Mark Koenig, Director of Investor Relations for Rentech, Inc. 303-298-8008-E-mail: RNTK1331@aol.com. SOURCE Rentech, Inc. CO: Rentech, Inc.; Thermal Conversion Corp. ST: Colorado IN: CHM OIL SU: JVN 08/31/98 13:43 EDT prnewswire.com