Conglomerates - Monday, December 21, 2009 15:50 - 0 Comments

Rentech, Inc. RTK Market Open’s Up 2.20% in Morning Session

Rentech Inc. announces that they have signed the Memorandum of Understanding (“MOU”) with thirteen cargo carriers and domestic and international passenger who intends to serve as the framework for a future definite supply of agreement for certified jet fuel from Rentech’s proposed synthetic fuels and power facility in Adams Country Mississippi (“Natchez Project”). MOU signed includes the terms anticipated to serve as the basis of possible definite purchase agreement by these carriers for the Natchez Project’s entire synthetic jet fuel for production of approximately 250 million gallons in every year.

Fuel-based on the Fischer-Tropsch process including Rentech’s RenJet is the only alternative jet fuel presently certified for usage of commercial aviations at up to 50/50 blend of commercial jet fuels. RenJet has lower carbon footprints and lower regulated emissions compared to commercial traditional fuels.

Last Trade: 1.30
Trade Time: 10:31AM ET
Change: Up 0.03 (2.20%)
Prev Close: 1.27
Open: 1.33
Day’s Range: 1.27 – 1.33
52wk Range: 0.45 – 2.93
Volume: 576,720
Avg Vol (3m): 3,938,630
Market Cap: 276.74M

About Rentech, Inc. RTK

Rentech Inc. provides clean energy solutions to produce ultra-clean synthetic fuels and chemicals. The company owns a proprietary technology of the Fischer-Tropsch process, called Rentech Process, which converts synthesis gas derived from various biomass, waste, and fossil resources into hydrocarbons, which can be processed and upgraded into ultra-clean synthetic fuels, such as military and commercial jet fuels, and ultra low sulfur diesel fuel, as well as specialty waxes and chemicals. Its technology portfolio also includes the Rentech-SilvaGas biomass gasification technology, which enables the company to offer integrated technologies that can convert biomass and wastes to synthesis gas and subsequently into clean fuels and electric power.