Cyntech Combines Technology to Reduce Methanol Production Costs by 40 Percent.HOUSTON--(BUSINESS WIRE)--April 27, 1999-- Cyntech Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYNT) has engineered the company's ThermReTec(TM) process to reduce the cost of methanol production by 40 percent. Costs are based and compared to those processes using coal and/or syn-gas. In addition to the ThermReTec(TM) process, Cyntech will utilize the "Liquid Phase Technology" (LPMEOH((TM))) developed and licensed by Air Products and Chemicals Inc. (NYSE NYSE See: New York Stock Exchange :APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. ). Air Products' commercially proven technology claims to improve efficiency and lower operating costs operating costs npl → gastos mpl operacionales . "By combining both technologies, we will be able to have the lowest production cost in the methanol industry," states Charles Tovey, senior vice president operations with Cyntech. "We will be in a position to process 180 million pounds of rubber (9 million tires) annually, which will produce 18 million gallons of methanol." Cyntech Technologies Inc., a diversified technology company, is based in Houston. The company's ThermReTec(TM) processes are designed to recycle rubber and plastics into methanol, fuel gas and other products used by industry. Air Products and Chemicals Inc. is an international supplier of industrial gases and related equipment, and selected chemicals. With corporate headquarters in eastern Pennsylvania's Lehigh Valley The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. , near Allentown, the company has sales approaching $5 billion, operations in over 30 countries and 17,000 employees around the globe. |
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