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


To: The Street who wrote (10724)10/10/1998 10:30:00 AM
From: TokyoMex  Read Replies (2) | Respond to of 14347
 
Yuppo ,, a long ago ..

And TX deal has nothing to do with current on going talks,, TX deal is JV in marketing ,, which means TX will be the first customer,, then perhaps to TX partners like Dutch Shell ?

TX does have a huge clout ,, they can move governments and decision makers,,

This is the future in the new oil and gas exploitation ,, man !



To: The Street who wrote (10724)10/10/1998 10:33:00 AM
From: Dan O.  Respond to of 14347
 
TS: this is the PR.

Under terms of the agreement, Texaco is granted an exclusive, worldwide (except in India) license to use and sublicense the Rentech Process Technology in projects where solid and liquid hydrocarbons are used as feedstocks for the generation of syngas in a gasification process such as the proprietary Texaco Gasification Process. Rentech retains the right to license for 100 percent natural gas feedstock. Texaco and Rentech will share revenues from plants licensed under this agreement. Specific financial terms of the agreement were not disclosed.

However, in a discussion with Mark last Monday he said they were in discussions with around 6 other companies, in a response to my question about exclusivity. I think that there are some fine lines as to what is exclusive that we will find out when the other deals are done. Hopefully soon. Hope this helps, <g>.

Dan Ogens