Sinclair Completes Due Diligence of SulphCo. Inc. Hydrotreating Refinery Technology

Apr 24, 2001, 01:00 ET from SulphCo. Inc.

    SALT LAKE CITY, April 24 /PRNewswire Interactive News Release/ -- Sinclair
 Oil Company, an independent Refining and marketing company in the U.S. has
 completed due diligence on a new technology aimed at increasing refining
 efficiencies, improving product quality, lowering cost, and meeting year-2006
 U.S. Environmental Protection Agency (EPA) regulations for on-highway diesel.
     The new patent-pending technology developed by
 SulphCo. (OTC Bulletin Board:   FWLD) and earlier presented at the National
 Petrochemical & Refiner's association 2001 Annual Meeting, March 18-20,2001 in
 New Orleans, has been verified to consistently desulfurize refined petroleum,
 while also increasing the volume and quality of refined product from a barrel
 of oil.  By transferring hydrogen from water to various petroleum streams,
 SulphCo. has been able to desulfurize those streams, increase product volume,
 increase cetane index, and improve hydrocarbon fractions, in part through the
 saturation of aromatic rings.  Laboratory analysis was performed at an
 independent petroleum laboratory.
     Stated Kevin Brown, Senior Vice President at Sinclair, "We believe the
 technology is commercially viable in its current state of development.  "The
 process works well, not only for diesel and diesel stocks such as light cycle
 gas oil, but for gas oil and slurry as well.  It's a very efficient complement
 to and/or replacement of expensive hydrogen generation and hydrotreating,
 yielding a higher volume of better quality product.  As a result, we are
 finalizing contracts with SulphCo. to install a commercial demonstration unit
 in at least one refinery by mid-summer 2001.  The conversion is expected to
 yield significant capital and operating cost savings.  It will also help us to
 meet the EPA's year 2006 regulations with one investment, rather than
 responding piecemeal to phase-in requirements."
     Stated Dr. Mark Cullen, CEO of SulphCo., "We are excited to have Sinclair
 on board and are gratified with their test results.  We look forward to aiding
 Sinclair and many other oil industry partners in their efforts to improve
 margins, clean the environment, and lower prices at the pump."
     From time to time, the company may issue forward-looking statements which
 involve risks and uncertainties.  This Statement may contain forward-looking
 statements within the meaning of Section 27A of the Securities Act of 1933, as
 amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
 Actual results could differ and any forward-looking statements should be
 considered accordingly.
 
     For further information Contact: Sinclair Oil Company, Paul Moote,
 (801) 524-2834 (Company Contact) or SulphCo. Mark Cullen, (775) 829-1310
 (Company Contact) or Eleanor Muth, 1-866-590-1311 (Public Relations)
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03615870
 
 

SOURCE SulphCo. Inc.
    SALT LAKE CITY, April 24 /PRNewswire Interactive News Release/ -- Sinclair
 Oil Company, an independent Refining and marketing company in the U.S. has
 completed due diligence on a new technology aimed at increasing refining
 efficiencies, improving product quality, lowering cost, and meeting year-2006
 U.S. Environmental Protection Agency (EPA) regulations for on-highway diesel.
     The new patent-pending technology developed by
 SulphCo. (OTC Bulletin Board:   FWLD) and earlier presented at the National
 Petrochemical & Refiner's association 2001 Annual Meeting, March 18-20,2001 in
 New Orleans, has been verified to consistently desulfurize refined petroleum,
 while also increasing the volume and quality of refined product from a barrel
 of oil.  By transferring hydrogen from water to various petroleum streams,
 SulphCo. has been able to desulfurize those streams, increase product volume,
 increase cetane index, and improve hydrocarbon fractions, in part through the
 saturation of aromatic rings.  Laboratory analysis was performed at an
 independent petroleum laboratory.
     Stated Kevin Brown, Senior Vice President at Sinclair, "We believe the
 technology is commercially viable in its current state of development.  "The
 process works well, not only for diesel and diesel stocks such as light cycle
 gas oil, but for gas oil and slurry as well.  It's a very efficient complement
 to and/or replacement of expensive hydrogen generation and hydrotreating,
 yielding a higher volume of better quality product.  As a result, we are
 finalizing contracts with SulphCo. to install a commercial demonstration unit
 in at least one refinery by mid-summer 2001.  The conversion is expected to
 yield significant capital and operating cost savings.  It will also help us to
 meet the EPA's year 2006 regulations with one investment, rather than
 responding piecemeal to phase-in requirements."
     Stated Dr. Mark Cullen, CEO of SulphCo., "We are excited to have Sinclair
 on board and are gratified with their test results.  We look forward to aiding
 Sinclair and many other oil industry partners in their efforts to improve
 margins, clean the environment, and lower prices at the pump."
     From time to time, the company may issue forward-looking statements which
 involve risks and uncertainties.  This Statement may contain forward-looking
 statements within the meaning of Section 27A of the Securities Act of 1933, as
 amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
 Actual results could differ and any forward-looking statements should be
 considered accordingly.
 
     For further information Contact: Sinclair Oil Company, Paul Moote,
 (801) 524-2834 (Company Contact) or SulphCo. Mark Cullen, (775) 829-1310
 (Company Contact) or Eleanor Muth, 1-866-590-1311 (Public Relations)
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03615870
 
 SOURCE  SulphCo. Inc.