Rentech Named One of 50 Hottest Companies in Bioenergy 2010-11
08 December 2010 - 4:59AM
Business Wire
Rentech, Inc. (NYSE AMEX: RTK) is pleased to announce that it
has been selected for the second consecutive year as one of the “50
Hottest Companies in Bioenergy” by Biofuels Digest, the publisher
of the most widely-read biofuels daily newsletter in the world.
Rentech’s position advanced in rank from number 38 to number 25
from over 1000 eligible energy companies worldwide, reflecting
Rentech’s advancements in bioenergy.
Commenting on the award, D. Hunt Ramsbottom, Rentech President
and CEO, said, “We are honored to be recognized by the industry for
our demonstrated renewable synthetic fuels and power technologies
and the high value renewable products they produce.” Mr. Ramsbottom
continued, “This award reinforces Rentech’s leadership position
within the bioenergy industry. The renewable fuels and power
projects we are developing will play an important role in our
world’s clean energy future.”
Biofuels Digest editor Jim Lane stated, “For the second year in
a row, the voters have been getting more excited about Rentech.
This year, they've leapfrogged a lot of great companies in reaching
#25 in the world, out of more than 1,000 eligible companies.
Drop-in renewable fuels have been big all year, and Rentech
continues to be a leader in that evolving story."
Rentech’s suite of technologies includes patented and
proprietary biomass gasification, syngas clean-up and
Fischer-Tropsch technologies. The Company has a worldwide alliance
with UOP, a Honeywell Company, for syngas conditioning and product
upgrading.
Rentech is developing renewable energy projects and pursuing
licensing opportunities for its technologies for projects that are
anticipated to produce certified renewable diesel and jet fuels and
electric power. Its proposed Rialto Renewable Energy Center (Rialto
Project) is anticipated to create over 1,000 direct and indirect
jobs during the construction and operations phases, and is designed
to produce approximately 640 barrels per day of renewable synthetic
fuels, primarily RenDiesel® fuel, and approximately 35 MW of
renewable electric power (RenPowerTM) from urban green waste
diverted from landfills. Both of these products will have low
carbon footprints when compared to conventional fuels and power and
help California reduce greenhouse gas (GHG) emissions, consistent
with the State’s Low Carbon Fuel Standard and Renewable Portfolio
Standard.
Biofuels Digest is the world’s most-widely read biofuels daily,
reaching a total of 75,000 industry leaders, policymakers,
journalists, producers and suppliers in over 200 countries.
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com), incorporated in 1981,
provides clean energy solutions. The Company's Rentech-SilvaGas
biomass gasification process can convert multiple biomass
feedstocks into synthesis gas (syngas) for production of renewable
fuels and power. Combining the gasification process with Rentech's
unique application of syngas conditioning and clean-up technology
and the patented Rentech Process based on Fischer-Tropsch
chemistry, Rentech offers an integrated solution for production of
synthetic fuels from biomass. The Rentech Process can also convert
syngas from fossil resources into ultra-clean synthetic jet and
diesel fuels, specialty waxes and chemicals. Final product
upgrading is provided under an alliance with UOP, a Honeywell
company. Rentech develops projects and licenses these technologies
for application in synthetic fuels and power facilities worldwide.
Rentech Energy Midwest Corporation, the Company's wholly-owned
subsidiary, manufactures and sells nitrogen fertilizer products
including ammonia, urea ammonia nitrate, urea granule, and urea
solution in the corn-belt region of the central United States.
Rentech has been recognized by Biofuels Digest as one of the "50
Hottest Companies in Bioenergy" and has been named as one of the
"Biofuels Digest Companies of the Year" for its recent innovations
and achievements, particularly in aviation biofuels.
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 development of a proposed
synthetic fuels facility in Rialto, California and the emissions
profile of the renewable power and fuels to be produced by its
technologies. 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 are set forth in the Company's prior
press releases and periodic public filings with the Securities and
Exchange Commission, which are available via Rentech's web site at
www.rentechinc.com. The forward-looking statements in this press
release are made as of the date of this press release 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.
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