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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 (14308)7/24/2007 11:08:54 AM
From: Esoteric1   of 14347
 
Energy technology companies Rentech Inc. and Denbury Resources Inc. will cooperate on a U.S. carbon dioxide pipeline.

The two announced an agreement, signed Monday, in regards to the sale, transport and use of captured carbon dioxide from Rentech's proposed ultra-clean synthetic fuels plant to be built in Natchez, Miss. The captured carbon dioxide will be used for oil recovery efforts in the area.

Denbury will build a pipeline and transport the captured carbon dioxide produced at the Rentech facility and inject it into depleted oil fields in an enhanced oil recovery process.

"This agreement extends Rentech's efforts to ensure that our Natchez project and synthetic fuel production technologies accomplish our goals of reducing emissions by producing cleaner transportation fuel and trapping carbon dioxide, and filling the gap in alternative fuel production," said D. Hunt Ramsbottom, president and chief executive officer of Los Angeles-based Rentech. By using the carbon dioxide in enhanced oil recovery, greenhouse gases are reduced and the need for foreign oil imports is reduced as well, said Gareth Roberts, chief executive officer of Denbury.

Rentech is basing its work on carbon capture on a study conducted by the U.S. Department of Energy's National Energy Technology Laboratory that suggests the carbon dioxide emissions from the production of fuels from the Fischer-Tropsch process are similar to, if not lower than, those generated during producing diesel from petroleum.
earthtimes.org
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