LOS ANGELES, March 14 /PRNewswire-FirstCall/ -- Rentech, Inc. (AMEX:RTK) announced today that Jo Daviess County in Illinois has approved a zoning special use permit authorizing its subsidiary, Rentech Energy Midwest Corporation (REMC), to convert its ammonia fertilizer plant in East Dubuque, Illinois into a facility that will produce ultra clean fuels as well as ammonia fertilizer.
Rentech's CEO, D. Hunt Ramsbottom stated, "The County's approval sets the stage for the initiation of the construction of what we believe will be the first commercial scale plant in the United States that will produce ultra clean Fischer-Tropsch (FT) fuels, ammonia fertilizers and electricity utilizing clean coal technologies." "We expect to begin the site work necessary to commence construction later this year," stated Mr. John Diesch, president of REMC. Mr. Diesch further stated, "We would like to thank the Jo Daviess County Board and the Zoning Board of Appeals for all the hard work they devoted to considering our request and ultimately granting us the special use permit." About the REMC Ultra Clean Fuels Conversion Project Rentech plans to convert REMC's natural gas fed ammonia fertilizer plant into a facility that will use clean gasification technology to produce Rentech's ultra-clean fuels, fertilizer and electricity from Illinois coal. The converted plant will be the first commercial scale application of Rentech's proprietary processes to produce environmentally-friendly FT fuels in the United States. The East Dubuque facility will utilize the Rentech process, which is an enhanced version of FT technology, to produce the clean fuels which can be used for a wide-range of transportation applications, including diesel and jet fuels. The Company believes that converting the feedstock of the plant from natural gas to a more plentiful feedstock like coal will improve the economic returns of the plant. It also believes that the conversion will reduce overall regulated emissions from the plant, and that the FT fuels produced at the plant will generate fewer regulated tailpipe emissions than those generated from standard diesel and jet fuels.
About Rentech, Inc.
Rentech was incorporated in 1981 to develop technologies that transform under-utilized energy resources into valuable and clean alternative fuels. The Company has developed an advanced derivative of the well-established Fischer-Tropsch, or FT, process for manufacturing ultra-clean diesel fuel and other fuel products.
Safe Harbor Statement This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as the Company's plans to convert its nitrogen fertilizer plant, construct a product development unit and develop additional projects. These statements are based on management's current expectations and actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements include, the ability of Rentech to finance the proposed conversion and construction of the REMC and other proposed fuels plants and other risks, including those set forth in the our prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech's web site at http://www.rentechinc.com/. The forward-looking statements in this press release are made as of March [14], 2007, and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.
For more information please contact: Mark Koenig, Director of Investor Relations, Rentech, Inc. at 303-298-8008, extension 116, or by email at , or see the Company's website at: http://www.rentechinc.com/; Kevin Theiss, CEOcast, Inc. at 212-732-4300 or by email at . DATASOURCE: Rentech, Inc.
CONTACT: Mark Koenig, Director of Investor Relations of Rentech, Inc., +1-303-298-8008, ext. 116, ; or Kevin Theiss of CEOcast, Inc., +1-212-732-4300, , for Rentech, Inc.
Web site: http://www.rentechinc.com/
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