Rentech’s Integrated Bio-Refinery Project Mechanically Complete
November 08 2011 - 9:00AM
Business Wire
Rentech, Inc. (NYSE AMEX: RTK) announced today that all systems
required to start up the Company’s integrated bio-refinery (IBR) in
Commerce City, Colorado are mechanically complete. Commissioning,
validation and start-up of the renewable energy demonstration
facility are underway. The project has reached this milestone
within the original budget and schedule.
The IBR project was co-funded by a $23 million grant from the
U.S. Department of Energy, to manufacture and install at the
Rentech Energy Technology Center a 20 ton-per-day
Rentech-ClearFuels biomass gasifier. The gasifier is designed to
produce bio-synthesis gas from various high impact wood waste and
sugar cane bagasse feedstocks. The gasifier has been integrated
with Rentech’s existing Product Demonstration Unit (PDU) at the
site, which uses the Rentech Process and UOP’s upgrading
technologies to produce renewable drop-in synthetic jet and diesel
fuels at demonstration scale. Rentech expects the integrated
facility, which will have the flexibility to produce renewable
syngas, hydrogen, and steam as well as biofuels, will be used to
evaluate additional technology integration opportunities. Rentech
funded the balance of the project’s total cost of approximately $36
million, which includes the cost of building the gasifier,
feedstock handling equipment, integration with Rentech’s synthetic
fuels plant, and operation of the facility for a period of 6 months
to collect 2,000 hours of operating data. The project team
responsible for meeting this important milestone for mechanical
completion included URS Corporation, Linde Group/Hydro-Chem, Piper
Electric Corporation and Ames Construction, Inc.
The IBR is anticipated to produce certified renewable fuels in
late 2011. This demonstration-scale project is expected to lead to
the final design basis for commercial-scale facilities using the
combined technologies, including for potential biomass-to-energy
projects that are contemplated in the southeastern United States,
Hawaii and Canada.
Dr. Harold Wright, Rentech’s Chief Technology Officer,
commented, “Achieving mechanical completion of the IBR
demonstration facility on-time and on-budget leads the way for
cellulosic fuels production at the PDU with the Rentech-ClearFuels
gasifier and Rentech Process.” Dr. Wright continued, “We’re pleased
to have a successful collaboration with the DOE, whose funding
helped make this demonstration possible.”
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com), incorporated in 1981,
provides clean energy solutions. The Company's Rentech-SilvaGas and
Rentech-ClearFuels biomass gasification processes can convert
multiple cellulosic biomass feedstocks into synthesis gas (syngas)
for production of renewable fuels and power. Combining the
gasification processes 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
cellulosic 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 and
acid gas removal technologies are provided under an alliance with
UOP, a Honeywell company. Rentech develops projects and offers
licenses for these technologies for application in synthetic fuels
and power facilities worldwide. Rentech, Inc. owns a majority
interest and serves as general partner of Rentech Nitrogen
Partners, L.P., a nitrogen fertilizer limited partnership. Rentech
Nitrogen Partners, L.P. manufactures and sells nitrogen fertilizer
products including ammonia, urea ammonia nitrate, urea granule and
urea solution in the Mid Corn Belt region of the United States.
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 timing of the completion of the
demonstration, the characteristics of the renewable fuels to be
produced from the technologies, and the proposed development
projects using integrated 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 include the ability of
the parties to create and successfully market a combined technology
offering, the financial means of Rentech and ClearFuels to build
their proposed projects, fluctuations in commodities prices
including the price of oil and the materials necessary to construct
a project, the impact of changing government regulations on the
project permitting process and the qualification of renewable fuels
and factors set forth in the Company's 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 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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