LOS ANGELES--(BUSINESS WIRE)--
Rentech, Inc. (NYSE Alternext US: RTK) announced today that the United
States Air Force has purchased ultra-clean synthetic jet fuel produced
at the Company’s fully-integrated synthetic fuels and chemicals facility
in Commerce City, CO.
The Air Force will use the purchased RenJet synthetic fuel for
performance and emissions testing in a turbine engine. Previously, the
Air Force conducted laboratory testing of the Company’s synthetic jet
fuel, which confirmed that the quality and characteristics of RenJet
fuel meet the Air Force’s specifications for synthetic fuels.
Rentech’s patented and proprietary technology, which can be used to
produce synthetic fuels from a wide variety of biomass and fossil
resources, is ideally suited for large-volume alternative jet and diesel
fuel production. RenJet and RenDiesel fuels are biodegradable,
cleaner-burning and have a longer shelf life than traditional
petroleum-derived fuels. In addition, the lower density of RenJet fuel
could enable aircraft to have a lower take-off weight, which conserves
fuel and therefore lowers operating costs. Alternatively, the lower
density of RenJet fuel could allow aircraft to carry heavier payloads
with the same weight of fuel when compared to traditional jet
fuel. Rentech’s synthetic fuels can also be used without modifying
existing jet or diesel engines or distribution systems.
Rentech has produced thousands of gallons of ultra-clean synthetic fuels
and specialty chemicals at its Colorado facility, including military jet
fuel, commercial Jet A and Jet A-1 and ultra-low sulfur diesel, all of
which met or exceeded applicable specifications.
The United States Air Force is the single largest consumer of fuel in
the Department of Defense, using approximately 2.6 billion gallons or
$5.6 billion of jet fuel in 2007. As such, the Air Force has announced
its intention to enhance national security by reducing its dependence on
imported fuels. The Air Force is testing the Company’s RenJet fuel as
part of its alternative energy program under which it plans to obtain
50% of its fuel from domestic synthetic sources by 2016. The Air Force
plans to complete testing and certification of aircraft fleet/systems on
a 50/50 blend of alternative and conventional fuel by 2011. Fuels
produced from the Fischer-Tropsch process, on which Rentech’s technology
is based, are the only alternative fuel type currently certified for use
by the United States Air Force.
Commenting on the Air Force’s purchase and testing of Rentech’s jet
fuel, Richard Penning, Executive Vice President of Technology and
Commercial Affairs for Rentech, said, “The Air Force’s purchase of our
fuels after preliminary testing is an important milestone for the
Company. This represents the first sale of our synthetic jet fuel,
validating the demand for fuels produced from the Rentech Process.
RenJet fuels are being tested by the United States Air Force as part of
the Air Force’s program for securing domestic energy suppliers of
alternate fuels. Rentech is honored to participate in this important and
historic program and to be a potential long-term supplier of ultra-clean
synthetic fuels that can be part of a program to help improve energy
security, reduce pollution and invigorate local and national economies.”
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com),
incorporated in 1981, provides clean energy solutions. The Rentech
Process is a patented and proprietary technology that converts synthesis
gas from biomass and fossil resources into hydrocarbons that can be
processed and upgraded into ultra-clean synthetic fuels, specialty waxes
and chemicals. Rentech Energy Midwest Corporation, the Company’s
wholly-owned subsidiary, manufactures and sells fertilizer products
including ammonia, urea ammonia nitrate, urea granule and urea solution
to the corn-belt region.
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 performance, emissions and demand of Rentech’s jet and diesel
synthetic fuels. 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.
Julie Dawoodjee, Director of Investor Relations