Date of Report (date of earliest event reported): October 8, 1998
RENTECH, INC.
(Exact name of registrant as specified in charter)
Colorado 0-19260 84-0957421
(State or other Commission I.R.S. Employer
jurisdiction of File No. Identification No.
incorporation or organization)
1331 17th Street, Suite 720, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 298-8008
Item 5. Other Events.
Rentech 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 the 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.
Until the deployment and integration of the two technologies is
completed, Rentech will not have information adequate to assess whether
the arrangement with Texaco will result in significant revenues to
Rentech at some time in the future.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
RENTECH, INC.
Date: October 8, 1998 By: (Signature)
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Dennis L. Yakobson, President |
