![]() WHEREAS, Linc Energy has operated a commercial scale UCG facility in Queensland, Australia producing a nitrogen-diluted mixture of hydrogen and carbon monoxide gases (Syngas) at a ratio of approximatelyĢ:1 hydrogen to carbon (the Linc Energy Technology) and furthermore intends to build a 30 MW independent power plant with a GE Frame 5 gas turbine that uses this Linc Energy Technology (hereinafter the ∼hinchilla Phase One Potential of 3.9 billion tons in place that are expected to be suitable for UCG development. ![]() WHEREAS, Linc Energy has acquired exploration license rights to major coal deposits in Queensland, Australia with a Including Ex-Im banks of the United States, Australia, China and Japan and other governmental agencies in these countries that have expressed interest in supporting Syntroleum CTL plants. WHEREAS, Syntroleum has or is developing relationships within the international financial community, (UCG) processes and syngas clean-up technology to convert coal into liquid transportation fuels, lubricants and other specialty chemicals, and commonly known as coal-to-liquids (∼TL). WHEREAS, Syntroleum is pursuing further development and demonstration of its FTR and Synfining ® technology integrated with third party coal gasification technology or integrated with underground coal gasification Which cumulative research and development, project development and administrative expenses are estimated to exceed $200 million. Synfining ® ), to demonstrate and support the design basis for the Syntroleum Technology, WHEREAS, Syntroleum has made significant expenditures over the last twenty years critical to the success of developing commercial gas-to-liquids (GTL) plants utilizing Syntroleum Technology, including the engineering andĬonstruction of pilot plant facilities for the Autothermal Reformer (ATR) and the multi-stage advanced Fischer-Tropsch reactor unit (FTR), product refining unit (RPU/ Synfining ® ) and the 100 barrel per day Catoosa Demonstration Facility (CDF) which contains all three technology components (ATR, FTR and ![]() Specialty chemicals (the Syntroleum Technology). Syntroleum ® Process that produces liquid transportation fuels, lubricants and other To produce a product stream, and upgrading the Fischer-Tropsch hydrocarbon product stream into finished synthetic hydrocarbon products, as well as the internal processes and catalysts required for the reactions, which forms the core for the WHEREAS, Syntroleum has developed proprietary technology encompassing the conversion of carbonaceous substances into a mixture of hydrocarbons comprising one or more of the processes of syngas production, Fischer-Tropsch catalytic reactions Syntroleum International Corporation, a corporation organized in the State of Delaware, United States of America with offices at 4322 South 49 th West Avenue, Tulsa, Oklahoma 74107 (Syntroleum International and Syntroleum Corporation, its parent company, hereinafter referred to jointly as Queensland, Australia (Linc Energy) and Linc Energy, Ltd ABN 60 076 157 045., a corporation organized in the state of Queensland, Commonwealth of Australia with offices at AMP Plaza, Level 7, 10 Eagle Street, Brisbane, (MOA) is entered into and effective as of the 15 th day of August, 2005 (the ∾ffective Has been filed with the Securities and Exchange Commission. ![]() *** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.
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