Syntroleum Corporation was a
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...
company engaged in development and commercialization of proprietary
gas to liquids
Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels. Two general strategies ex ...
(GTL) and
coal to liquids (CTL) processes known jointly as the Syntroleum Process. Renewable Energy Group acquired the company on June 3, 2014.
History
Syntroleum was incorporated in 1984 by
Kenneth Agee
Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a by ...
. It became a publicly held company on Nasdaq in August, 1998, when it merged with publicly traded SLH Corporation.
On March 16, 2004, the company was reported shipping the first load of diesel from its gas-to-liquids demonstration plant at the Port of Catoosa near Tulsa to the Massachusetts Institute of Technology. On July 15, 2010 it was reported that Energy Opportunity Ltd. out of the
British Virgin Islands
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made the commitment to purchase $10 million in Syntroleum stock. The commitment was to purchase stock in Syntroleum over a 24 month period. Energy Opportunity was limited to a purchase no more than 4.9% of Syntroleum stock ownership.
It was announced in December 2013 that Syntroleum's operations would be sold to Renewable Energy Group Inc. of
Ames, Iowa
Ames () is a city in Story County, Iowa, United States, located approximately north of Des Moines in central Iowa. It is best known as the home of Iowa State University (ISU), with leading agriculture, design, engineering, and veterinary med ...
.
Technology
The Syntroleum process produces
synthetic fuel
Synthetic fuel or synfuel is a liquid fuel, or sometimes gaseous fuel, obtained from syngas, a mixture of carbon monoxide and hydrogen, in which the syngas was derived from gasification of solid feedstocks such as coal or biomass or by reform ...
by the