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SGI'S CLEAN COAL TECHNOLOGY PROGRAMS RECEIVE BOOST FROM NEW ENERGY ACT

 SGI'S CLEAN COAL TECHNOLOGY PROGRAMS RECEIVE BOOST
 FROM NEW ENERGY ACT
 LA JOLLA, Calif., Oct. 26 /PRNewswire/ -- SGI International (NASDAQ: SGII), a developer of energy technologies, announced today that the Energy Policy Act of 1992, which was signed into law this past weekend by the President, will have a significant positive impact on SGI's Clean Coal Technology programs in the United States and other countries. The new law demonstrates growing federal support of U.S. companies pursuing energy-related business at home and abroad, according to William M. Owens, SGI's chairman and chief executive officer.
 "The 1992 Energy Act in part provides for substantial financial incentives in the form of Production Tax Credits for domestic production of alternative fuels, such as the refined coal and coal oil products produced from raw coal by the LFC (Liquids From Coal) Clean Coal Refining Technology originally developed by SGI," Owens said. Owners of LFC plants which are placed in service after 1992 and before Jan. 1, 1997, will be able to utilize these tax incentives to directly offset federal income taxes until Jan. 1, 2008.
 "We also expect that SGI's LFC Clean Coal Refinery Development Programs will benefit from the Energy Act's authorization of financial assistance to projects using commercial-stage coal refining technologies, such as the LFC Process," Owens said.
 The new 1992 Energy Act is the most comprehensive energy legislation enacted since the 1970s. Its principal goals are to help meet energy needs in an economically and environmentally sound manner while reducing dependence on imported oil.
 SGI's breakthrough Clean Coal Refining Technology, called the LFC Process, refines coal prior to its use in electric power plants, analogous to the refining of oil into gasoline prior to its use in automobiles. The LFC Process produces market-competitive clean fuels from raw coal in the form of two high heat value, low-sulfur products: a refined coal and a co-product coal oil. The LFC Process is being used in a commercial demonstration plant operating near Gillette, Wyo.
 "This Energy Act should serve to significantly enhance the potential for bringing more LFC plants on line sooner and create jobs," Owens said. "We believe the new Energy Act will also benefit our LFC Clean Coal Development Programs in other countries through its authorization of financial and other assistance for export of U.S. Clean Coal Technologies. SGI is evaluating potential sites worldwide for LFC Clean Coal Refineries. It is also in exploratory discussions with governments and energy-related companies and is testing candidate coals from different coal producing regions."
 SGI International is a publicly held energy technology company which has developed Clean Fuel Technologies. These technologies produce clean fuel products from coal which protect the environment by reducing power plant pollution and lessening dependence on imported oil.
 -0- 10/26/92 R
 /CONTACT: Jeffrey N. Montag, director-corporate communications of SGI International, 619-551-1090; or Linda Seaton of Keatinge/Seaton Communications, 619-625-2100, for SGI International/
 (SGII) CO: SGI International ST: California IN: OIL SU:


KJ-LS -- SD004 -- 4790 10/26/92 12:37 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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