Conglomerates - Written by dailymovers on Thursday, November 26, 2009 15:21 - 0 Comments
Rentech, Inc. RTK Trading Up 20.00% in Morning Session
Rentech, Inc. is a US-based technology company recently announced to provide its Fischer-Tropsch fuels production technology for the project in the first quarter of 2010. The company came on board to offer preliminary engineering services at the proposed site.
SYNGAS has teamed up with the company and General Electric to progress South Australia’s $3 billion coal-biomass-to-diesel Clinton project, hearing reports from AdelaideNow. In addition, the company also owns an operates natural gas-based nitrogen fertilizer manufacturing plant in Illinois.
Last Trade: 1.50
Trade Time: Nov 25
Change: Up 0.25 (20.00%)
Prev Close: 1.25
Open: 1.25
Day’s Range: 1.25 – 1.82
52wk Range: 0.45 – 2.93
Volume: 36,140,109
Avg Vol (3m): 4,368,340
Market Cap: 289.38M
About Rentech, Inc.
Rentech, Inc. provides technologies that utilize domestic resources to produce ultra-clean synthetic fuels and chemicals. It licenses its proprietary derivative of the Fischer-Tropsch process, called Rentech Process, which converts synthesis gas derived from coal, petroleum coke, biomass, natural gas, or municipal solid waste into liquid hydrocarbon products, including ultra clean diesel fuel, jet fuel, naphtha, specialty chemicals, and other fuel products. The company also manufactures anhydrous ammonia, UAN, nitric acid, carbon dioxide, and granular and liquid urea. In addition, it has a joint development agreement with Peabody Energy Corporation for the co-development of CTL projects that convert coal into ultra-clean transportation fuels using the Rentech Process. The company was founded in 1980 and is based in Los Angeles, California.
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