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...patented gas-to-liquids (GTL) process, which converts natural gas into synthetic crude oil by using air instead of pure oxygen. The liquids produced can be refined into fuels such as diesel and kerosene, as well as specialty products such as synthetic lubricants, waxes, and chemical feedstocks. Syntroleum is designing mobile plants for offshore areas. Licensees include Kerr-McGee, Marathon Oil, and Repsol YPF. In 2003 the company sold off its real estate assets, which had been an alternate source of revenue.
Shares were up 5% after announcing Sinopec, Syntroleum in Development Deal.
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