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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel
RTK 0.200+5.3%Oct 13 5:00 PM EST

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To: Dennis Roth who wrote (14314)12/6/2007 5:05:19 AM
From: Dennis Roth   of 14347
 
Rentech puts East Dubuque plant on hold
Emily Klein
thonline.com

EAST DUBUQUE, Ill. - California-based Rentech Inc., the parent company of Rentech Energy Midwest Corporation, announced Tuesday that its $1 billion-plus plan to convert the existing East Dubuque ammonia fertilizer plant to a coal-gasification facility has been put on hold, perhaps indefinitely.

According to a press release distributed by Rentech Tuesday evening, the company now expects to build a Fischer Tropsch fuels facility in Natchez, Miss., instead of East Dubuque. The Mississippi facility will also utilize the gasification technology but on a much smaller scale than the company had planned for the East Dubuque plant.

The decision was made as a result of "pressure" put on the Illinois plant by a lack of national policy on carbon dioxide emissions and associated unknown future costs, according to the release.
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