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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 5:07:49 AM
From: Dennis Roth	of 14347

Rentech Plans Move to Mississippi by Katie Wiedeamnn, Reporter kcrg.com Story Created: Dec 5, 2007 DUBUQUE - A small city in Mississippi is celebrating Wednesday night. But that means a huge loss for Jo Daviess County, Illinois. Rentech Incorporated's one billion dollar project scheduled to create hundreds of jobs in East Dubuque is moving to Natchez, Mississippi. Disappointment echoes through the community as the project promising a boom in the Jo Daviess County economy heads south. Rentech Energy Midwest President John Diesch said, "There were quite a few long faces when we had to make this announcement." The California based company had planned to transform its East Dubuque fertilizer plant. The change would have allowed the plant to make nitrogen fertilizer using coal rather than natural gas. But the company now says it's more expensive to build in the Midwest. Diesch said, "We aren't able to put the bank financial together because of the uncertainty and the cost of construction." Mike Kalmes is steaming today. He built a new restaurant across from the plant, expecting at least a thousand construction workers to break here for lunch. Kalmes said, “The thought process was because of the expansion at the chemical plant." And that frustration is being felt all over the county. County Supervisor Marvin Schultz said, "Loss of the, you know, tax base, school districts, townships, so forth." But Rentech says there is some silver lining. The plant will continue to operate as it has for decades and all current employees continue to keep their jobs.

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