Discusses Continued Commitment to Alternative Energy
(HELENA, MT) – Governor Brian Schweitzer and First Lady Nancy Schweitzer today filled up the tank on a Dodge pickup with ultra-clean diesel developed through a gas-to-liquids process using proprietary Fischer-Tropsch technology owned by Tulsa, Okla.-based Syntroleum (NASDAQ: SYNM).
The Dodge Ram pickup donated by Dodge dealerships across Montana operates on synthetic diesel made from natural gas or coal.
“I would like to thank Syntroleum and Montana Dodge dealerships for their generosity,” said Governor Schweitzer. “This is a great opportunity to showcase the ultra-clean and abundant energy possibilities available today. Our nation is too dependent on foreign energy. The United States currently imports about 60 percent of its crude oil and refined product requirements. It doesn't have to be this way.”
“We are pleased to assist Governor Brian Schweitzer in his visionary efforts to bring attention to Fischer-Tropsch opportunities in the United States. Much like the gas-to-liquids process, we believe we can produce ultra-clean fuels from coal using our Fischer-Tropsch technology,” said Jack Holmes, president and CEO of Syntroleum. “We fully expect the diesel being used to operate the governor's vehicle will validate the ultra-clean characteristics of Fischer-Tropsch fuels, which have no detectable sulfur or aromatics, are biodegradable and have a high cetane number. Additionally, unlike some alternative fuels, Syntroleum's diesel is 100 percent compatible with current and future diesel engines and can be used as a blending agent.”
Syntroleum will be providing up to 3,000 gallons of S-2 synthetic diesel fuel to the State of Montana. The test vehicle is a Dodge Ram 2500 truck powered by a Cummins diesel engine. The demonstration program will look at the fuel efficiency of S-2 and the impact on engine operation and driver perception of the fuel.
The governor and staff will keep careful records of gas mileage and maintenance and the results will be regularly returned to Daimler Chrysler and Syntroleum for their research.
There are many benefits to synthetic fuels, which are economical to make and have virtually no aromatics, no sulfur and are non-toxic and biodegradable.
About Syntroleum
Syntroleum Corporation owns a proprietary process for converting natural gas or synthesis gas derived from coal and other carbon-based feedstock into synthetic liquid hydrocarbons. The company plans to use its technology to develop and participate in natural gas and coal monetization projects in a number of global locations.
This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements relating to the execution of definitive agreements, joint technology development and market development. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "plan" "should," and similar expressions are intended to be among the statements that identify forward-looking statements. Although Syntroleum believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include failure to execute definitive agreements, the potential that commercial-scale GTL or coal-to-liquids plants will not achieve the same results as those demonstrated on a laboratory or pilot basis or that such plants will experience technological and mechanical problems, the potential that improvements to the Syntroleum Process currently under development may not be successful, the impact on plant economics of operating conditions (including energy prices and government support for such plants), construction risks, risks associated with investments and operations of GTL and coal-to-liquids plants, the ability to implement corporate strategies, competition, intellectual property risks, Syntroleum's ability to obtain financing and other risks described in the company's filings with the Securities and Exchange Commission.
“Syntroleum” is registered as a trademark and service mark in the U.S. Patent and Trademark Office