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

To: Rock_nj who wrote (5965)	10/11/1998 12:44:00 PM
From: Joe Copia	Respond to of 119973

RNTK it's official. It's on Texaco's web site: texaco.com Can't get you to it directly, but go to above url; choose Energy Chain; choose Transforming, and then under Fischer-Tropsch, choose press release. No scam here. The RNTK deal with Texaco is real. straight from the Texaco site: RENTECH INC. ENTERS INTO LICENSING AGREEMENT WITH TEXACO FOR GAS-TO-LIQUIDS TECHNOLOGY FOR RELEASE: THURSDAY, OCTOBER 8, 1998. DENVER, Oct. 8 -- Rentech announced today that they have entered into a licensing agreement with Texaco for the Rentech Fischer-Tropsch technology. Under the license, Texaco will use Rentech's gas-to-liquids technology in combination with Texaco's proprietary gasification technology to produce liquid hydrocarbon products such as naphtha, fuel and specialty products. The Texaco gasification technology, which produces synthesis gas by partial oxidation of carbon-based substances, will be used to generate the synthesis gas feedstock for the Rentech Fischer-Tropsch technology. The combination of these technologies will allow for the use of a broad range of feedstocks such as petroleum coke, residual oils and by-products generated in refineries and chemical plants. 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.