Country

USA

Date

01/03/2013

Entity

Rentech

Product

Alternative fuels

Category

R&D

Summary

Rentech ceases its R&D activities in the field of alternative fuels

Rentech announced plans to cease operations at and mothball its research and development Product Demonstration Unit, in Commerce City, CO, and to eliminate all related R&D activities. Rentech will attempt to sell the PDU as well as approximately 450 acres of land in Natchez, MS it acquired for the development of an alternative energy facility.

In a statement released yesterday, Rentech said that its focus on nearer-term profitable growth opportunities is a direct result of the high cost to develop new technologies relative to current energy prices and lack of government incentives and regulations supporting alternative energy, particularly within the United States.
 
Rentech’s technologies include the Rentech-ClearFuels and Rentech-SilvaGas biomass gasification technologies, as well as the Rentech Fischer-Tropsch process, all of which have been successfully demonstrated to produce synthetic and renewable fuels and renewable power.
 

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Created at 21/05/2013 10:14 AM by NOVELLI, Philippe
Last modified at 21/05/2013 10:17 AM by NOVELLI, Philippe