Business Services Industry
SYNTROLEUM, EXXONMOBIL SIGN LICENSING AGREEMENT.
AsiaPulse News, December, 2004
(Full text of a statement. Contact details below)
FAIRFAX, Va.--(BUSINESS WIRE)--Dec. 20, 2004--Syntroleum Corporation (Nasdaq:SYNM) and ExxonMobil Research & Engineering Company (EMRE) announced today the execution of an agreement that grants Syntroleum a worldwide license under ExxonMobil's Gas to Liquids (GTL) patents to produce and sell fuels from natural gas or other carbonaceous substances such as coal. Syntroleum has the right to extend the terms of this agreement to its licensees.
ExxonMobil has established a strong proprietary position on the catalysts, processes and products of the AGC-21 Gas to Liquids conversion process. ExxonMobil has been offering to license over 3,500 worldwide patents to ensure that others are not blocked from introducing GTL...
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