|View printer-friendly version|
|Rentech Named One of 50 Hottest Companies in Bioenergy 2010-11|
LOS ANGELES, Dec 07, 2010 (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(R) 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.
SOURCE: Rentech, Inc.