Company Press Release
SOURCE: Rentech, Inc.
Rentech, Inc. Enters Into Licensing Agreement
With Texaco For Gas-To-Liquids Technology
DENVER, Oct. 8 /PRNewswire/ -- Rentech, Inc. (Nasdaq: RNTK - news) announced today that it has entered into
a licensing agreement with Texaco for the Rentech Fischer-Tropsch technology. Under the license, Texaco will use
Rentech's gas-to-liquids technology in combination with Texaco's proprietary gasification technology to produce liquid
hydrocarbon products such as naphtha, fuel and specialty products.
The Texaco gasification technology, which produces synthesis gas by partial oxidation of carbon-based substances,
will be used to generate the synthesis gas feedstock for the Rentech Fischer-Tropsch technology. The combination of
these technologies will allow for the use of a broad range of feedstocks such as petroleum coke, residual oils and
by-products generated in refineries and chemical plants.
Under terms of the agreement, Texaco is granted an exclusive, worldwide (except in India) license to use and
sublicense the Rentech Process Technology in projects where solid and liquid hydrocarbons are used as feedstocks
for the generation of syngas in a gasification process such as the proprietary Texaco Gasification Process. Rentech
retains the right to license for 100 percent natural gas feedstock. Texaco and Rentech will share revenues from plants
licensed under this agreement. Specific financial terms of the agreement were not disclosed.
For further information on Texaco and Rentech, visit the companies' websites at www.texaco.com and
www.gastoliquids.com, respectively.
SOURCE: Rentech, Inc.
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