The announcement by Sasol Ltd. and Chevron Corp. of a gas-to-liquids (GTL) joint venture has produced an unexpected reaction from rival Syntroleum Corp., Tulsa.
Sasol and Chevron plan to use Sasol's Slurry Phase Distillate technology in conjunction with Chevron's Isocracking technology in a number of GTL projects worldwide (OGJ, June 14, 1999, p. 30).
Normally, one would expect a rival, particularly a comparatively small company such as Syntroleum, to go in for a little wailing and gnashing of teeth after such an announcement. Not in this case.
Instead, Mark Agee, president of Syntroleum, promptly issued a press rel...