Syntroleum and Sustec Announce Coal-to-Liquids Joint Venture
Syntroleum Corp (SYNM) announced today that they have entered into a Memorandum of Understanding that provides for exclusive joint business development of projects that will integrate Sustec's FUTURE ENERGY GSPÂ® gasification technology with Syntroleum's Fischer-Tropsch (FT) and SynfiningÂ® technology.
The joint venture is aimed at converting coal and other carbonaceous materials such as petroleum-coke, residual fuel oil and biomass into ultra-clean fuels. Each company will own 50 percent of the joint venture. [ more ]