Rentech(RTK) - gas-to-liquids and cleaner fuel Message Board

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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: Esoteric1 who wrote (14292)	6/25/2007 2:01:04 PM
From: Esoteric1	Read Replies (2) of 14347

Denbury, Rentech Ink Carbon Dioxide Deal Monday June 25, 12:07 pm ET Denbury Agrees to Buy Carbon Dioxide From Rentech NEW YORK (AP) -- Denbury Resources Inc. on Monday agreed to acquire all the carbon dioxide captured from a synthetic fuel plant planned for construction in Natchez, Miss., by Rentech Inc. The Dallas-based oil and gas company said it expects to buy between 350 million and 400 million cubic feet per day of captured carbon dioxide from Rentech, a byproduct of the proposed plant's anticipated production. Under the agreement, Denbury will build a pipeline and transport the captured carbon dioxide, then inject it underground into depleted oil fields. Denbury said it expects the base purchase price of the carbon dioxide to be slightly higher than the base price of carbon dioxide from its two other contracted synthetic sources. Rentech and Denbury will share the value of any carbon dioxide emission reduction credits available as a result of the deal. Denver-based Rentech develops and licenses Fischer-Tropsch, a gas-to-liquids-process, for the conversion of synthesis gas made from natural gas, industrial off-gas, or solid or liquid carbon-bearing materials into fuels, products and chemicals. biz.yahoo.com

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