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Rentech (RTK) Soars On Syngas Clinton Project News
I’m not doing a good job of keeping up with all this news this morning.. I expected a slow morning and slept in! You east coasters have it way too easy. I’m all in favor of the market opening at 12pm EST :0
Big news hitting me left and right today. Rentech (RTK) is skyrocketing today on news that they will work with Australia’s Syngas Limited to help develop the Clinton Project which is a large scale coal to liquid facility with non food biofuels providing supplementary fuel output. .. That’s where Rentech comes in. Syngas will review the use of Rentech’s Fischer-Tropshc technology for the production synthetic transportation fuels from synthesis gas. I’m not all that familiar with the inner workings of this project and all the details, so any comments from those more knowledgeable on this would be great.
I’ll try and find some time to research this project a bit more this weekend. I know General Electric is involved, so it’s a big one.
Shares of RTK are up 30% on the news.
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