Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (35147)	5/6/1999 1:49:00 PM
From: timers	Read Replies (2) \| Respond to of 122087

Anthony, check your pm.

To: Anthony@Pacific who wrote (35147)	5/6/1999 1:49:00 PM
From: IEarnedIt	Read Replies (1) \| Respond to of 122087

Yes, I think so too. JD

To: Anthony@Pacific who wrote (35147)	5/6/1999 2:15:00 PM
From: BenThair	Respond to of 122087

OK Anthony. Here it is. Have fun with it !! freewarehof.org

To: Anthony@Pacific who wrote (35147)	5/6/1999 2:58:00 PM
From: Sammy Adams	Respond to of 122087

<ENBC> up 220% + on news, any comments? biz.yahoo.com Thursday May 6, 8:00 am Eastern Time Company Press Release SOURCE: Energy BioSystems Corporation President Clinton Proposes New Sulfur Specifications for Gasoline - Energy BioSystems' Biodesulfurization Technology Ideally Positioned to Help Industry Meet New Standards THE WOODLANDS, Texas, May 6 /PRNewswire/ -- Newly proposed sulfur specifications for gasoline that provide a significant opportunity to implement Energy BioSystems' (Nasdaq: ENBC - news) proprietary biodesulfurization technology have been announced by the Clinton Administration. On Saturday, May 1, 1999, President Clinton personally announced newly proposed federal standards for sulfur levels in gasoline that promise to allow automobiles to run 80 percent cleaner. The tough new specifications call for 30 parts per million sulfur in gasoline, down from the current average of 340 parts per million. The U.S. Environmental Protection Agency (EPA) estimates that this reduction in gasoline sulfur would be equivalent to removing 166 million cars from the road, and would take 3 million tons of pollution out of the air. The plan would be phased in between 2004 and 2006, and about two dozen smaller refiners would be granted an additional two years to meet the standard. Refiners argue that the cost may be too high to meet the new sulfur standards. The oil industry estimates that meeting the new sulfur targets using existing technology will require more than $6 billion in new U.S. refinery investment and add as much as 6 to 10 cents to a gallon of gasoline. Energy BioSystems believes it has a feasible solution with potential benefits to both industry and the environment. The Company is currently developing its biocatalytic technology to desulfurize gasoline at a target cost of 1 to 2 cents per gallon of gasoline, with a requirement for capital investment that could be up to 50 percent less than would be required to implement existing technology. In addition to the cost advantages, biodesulfurization technology offers the advantage of operating under milder conditions, while consuming less energy and emitting fewer greenhouse gases than existing technologies. The Company is currently working on a $3 million dollar program to complete the development of its gasoline biodesulfurization technology. This program is funded 80 percent by the U.S. Department of Energy, and oversight is provided by a committee of the Coordinating Research Council, with members representing both the auto and oil industries. ''The development of our proprietary technology clearly has been recognized as a win-win for both government and industry,'' stated Dr. Peter P. Policastro, Chief Operating Officer, ''as biodesulfurization has the potential to produce the desired low- sulfur fuels at substantially lower cost and with much less impact on the environment compared to traditional technologies.'' The EPA has also indicated that it will ''put forward shortly'' a proposal for cleaner diesel fuel. Similar sulfur standards for diesel fuel will be much more difficult to reach using conventional technology, while biodesulfurization offers the same advantages for diesel fuel as for gasoline. Energy BioSystems has already licensed its first unit for diesel fuel biodesulfurization to Petro Star Inc., a subsidiary of Arctic Slope Regional Corporation, for their Valdez, Alaska refinery. Energy BioSystems Corporation, of Houston, is developing and commercializing biotechnology-based processes for the petroleum refining and production industries. The company's focus to date has been on developing biocatalytic desulfurization, a proprietary process involving the use of enzymes to remove sulfur from petroleum, including gasoline, diesel, and heavy and crude oils, while operating at mild temperature and pressure. The Company is also pursuing opportunities to apply the principles of biocatalysis to the chemical industry, initially by developing a line of organo-sulfur products that are derived from its biodesulfurization process. Additional information about Energy BioSystems is available at the company's web site: www.energybiosystems.com. This document contains forward-looking statements that are subject to certain risks, uncertainties and assumptions, including but not limited to, the Company's need for additional funds, the ability to raise sufficient funds on acceptable terms, its history of operating issues, the technical uncertainty and risks associated with commercialization of the Company's technology, the Company's reliance on environmental regulations and the uncertainty of the adoption of any newly proposed regulations, the market acceptance of the Company's technology, the Company's dependence on collaboration partners, competition, and the ability to enforce and defend the Company's patents and proprietary technologies. Should one or more of such risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated in such forward-looking statements. For a discussion of such risks and assumptions, see ''Risk Factors'' included in the Company's annual report or Form 10-K for the year ended December 31, 1998. SOURCE: Energy BioSystems Corporation