press release

Texaco Press Release - Texaco, Messer to Build Carbon Monoxide Plant in Singapore Facility

Facility To Use Texaco's Proprietary Gasification Technology


WHITE PLAINS, NY, May 7, 1998 - Texaco and Messer announced today the formation of a joint venture, Singapore Syngas Pte Ltd., to own and operate a gasification plant on Jurong Island, Singapore, which will supply carbon monoxide to an acetic acid plant currently under construction by Celanese, a member of the Hoechst Group.

The Texaco/Messer plant, to begin operations in late 2000, will gasify approximately 600 metric tonnes per day of low value refinery feedstocks from the Singapore Refining Company to produce 900 metric tonnes per day of carbon monoxide for sale to the Celanese facility. The plant will also supply up to 25 million standard cubic feet per day of high purity hydrogen back to the refinery.

"We are pleased to work with Messer, a recognized leader in the industrial gases market, in the development of this state-of-the-art plant using Texaco's proprietary gasification technology," said James C. Houck, President of Texaco Global Gas & Power - Project Development and Operations. "Texaco's equity investment in this joint venture is part of our strategic objective to own and operate gasification plants providing synthesis gas to commercial customers and markets."

Herbert Rudolf, President of the Messer Group and Chairman of the Board of Management of Messer Griesheim GmbH, declared, "This project will be the largest single investment made to date by the Messer Group outside of Germany. Investing in large gas production plants is an important element of our global strategy."

Texaco is recognized as a world leader in gasification, an environmentally advanced technology that converts hydrocarbon materials into clean synthesis gas to produce chemicals, electricity, chemical fertilizer, town gas, and other industrial products. Worldwide, there are 68 Texaco owned or licensed gasification plants operating or under construction, producing approximately 4.7 billion standard cubic feet per day of synthesis gas.

Updated: May 1998