Printer Friendly

ENERGY BIOSYSTEMS AND TEXACO FORM DEVELOPMENT ALLIANCE

 THE WOODLANDS, Texas, July 20 /PRNewswire/ -- Energy BioSystems Corp. (NASDAQ: ENBC) and the Exploration and Production Technology Division of Texaco Inc. (NYSE: TX) announced an alliance today for the development of a biotechnology-based process to reduce the sulfur content of crude oil.
 John Webb, president of Energy BioSystems, stated that "this alliance provides us with important resources, crude oil expertise and development guidance from one of the largest oil companies in the world. It will significantly advance our development of a crude desulferization process."
 Under the terms of the alliance, Energy BioSystems will be primarily responsible for improving the performance of the biocatalyst used in the desulferization process. Texaco will be primarily responsible for field operations and analytical chemistry work. Process engineering will be a joint effort.
 Energy BioSystems Corp. is commercializing biotechnology-based processes for the refining and oil production industries. Energy BioSystems is traded on the NASDAQ under the symbol "ENBC."
 -0- 7/20/93
 /CONTACT: John H. Webb, president and CEO of Energy BioSystems Corporation, 713-364-6100/
 (ENBC TX)


CO: Energy BioSystems Corp.; Texaco Inc. ST: Texas IN: OIL SU:

SH -- NY046 -- 6756 07/20/93 11:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 20, 1993
Words:190
Previous Article:LEVIATHAN GAS PIPELINE PARTNERS, L.P.. DECLARES QUARTERLY DISTRIBUTION
Next Article:CROSS TIMBERS ROYALTY TRUST DECLARES CASH DISTRIBUTION
Topics:


Related Articles
ENERGY BIOSYSTEMS FIRST QUARTER EARNINGS REPORT
ENERGY BIOSYSTEMS SECOND QUARTER EARNINGS REPORT
JOHN H. WEBB ELECTED CHAIRMAN OF ENERGY BIOSYSTEMS CORPORATION
ENERGY BIOSYSTEMS CORPORATION AND PETROLITE CORPORATION ANNOUNCE EXTENDED AGREEMENT
ENERGY BIOSYSTEMS THIRD QUARTER EARNINGS REPORT
PERSEPTIVE BIOSYSTEMS AGREES TO ACQUIRE PERSEPTIVE TECHNOLOGIES II CORPORATION
Energy Biosystems Designates Prototype Biocatalyst for Pilot Plant Desulfurization Process Simulation
Energy BioSystems Announces Private Offering
Ramon Lopez Elected Chairman of the Board of Energy BioSystems
Perseptive Biosystems Realizes $12.9 Million From Selling Portion of Stock in Millennium Pharmaceuticals

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters