Rentech just announced that is has signed a non-binding memorandum of understanding with 13 different air carriers. Although the MOU is non-binding, its is expected to serve as the basis of a supply contract for the synthetic jet fuel that Rentech will produce at the Natchez Project, the fuel and power facility that Rentech plans to build in Mississippi.
If all goes well, the 13 airlines (Air Canada, AirTran Airways, American Airlines, Atlas Air, Delta … Read the rest
Rentech (RTK) is up in premarket trading about 7% on news that along with ClearFuels Technology will receive up to $23 million in government funds to construct a biomass gasifier at a Rentech facility in Denver. The 20 ton per day ClearFuels gasifier will produce synthetic fuel from sugar can, wood waste and other cellulosic feedstocks. Knowledge from this test project will help the companies develop commercial scale facilities in the future. ClearFuels (in which … Read the rest
Rentech (RTK) is announcing this morning that they have signed a non-binding memorandum of understanding (MOU) with Beach Petroleum today to explore the development of a commercial scale manufacturing facility using Rentech’s technology to produce synthetic fuels from synthesis gas derived from Beach Petroleum’s gas resources.
Rentech’s proprietary technology converts syngas from fossil and biomass resources into hydrocarbons that can be refined into cleaner, synthetic fuels. Beach Petroleums expansive reserves in the South Australian Copper … Read the rest