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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: LAWRENCE C. who wrote (13641)	3/20/2000 7:26:00 AM
From: tonto	Read Replies (2) \| Respond to of 14347

FYI: Rentech Announces Transaction with Texaco DENVER, March 20 /PRNewswire/ -- Rentech, Inc. (OTC Bulletin Board: RNTK - news) announced today that Texaco Energy Systems, Inc. (``Texaco'), a wholly-owned subsidiary of Texaco Inc. (NYSE: TX - news), has entered into a Memorandum of Interest (MOI) with Rentech that gives Texaco the exclusive right to evaluate and potentially acquire up to one-half of Rentech's fifty percent (50%) interest in the ``Sand Creek' project located outside Denver, Colorado (see the Rentech, Inc. press release dated January 11, 2000 and the Company's Forms 10-KSB and 10-QSB as filed with the SEC January 12, 2000 and February 14, 2000, respectively, for further details regarding the ``Sand Creek' project). The MOI expires on April 14, 2000 unless extended by mutual agreement of the parties. Dennis L. Yakobson, President of Rentech, Inc. stated, ``Texaco's potential involvement in the development of the 'Sand Creek' project would add invaluable assistance in helping to achieve the project's full potential.' Texaco Energy Systems, Inc. is evaluating this opportunity to advance its efforts in expediting the early development of the Early Entrance Co-Production Plant (EECP) concept. The EECP is a U.S. Department of Energy program that will design an energy efficient/low emission facility for the co-production of electricity and high-quality diesel fuel from coal and/or refinery residues including pet coke as the plant's feedstock using a combination of Texaco's proprietary gasification and Rentech's Fischer-Tropsch technologies. Rentech, Inc., incorporated in 1981, is the developer and licensor of a patented and proprietary Fischer-Tropsch, gas-to-liquids process based on Fischer-Tropsch chemistry for conversion of synthesis gas made from natural gas, solid or liquid carbon-bearing materials into high-value fuels, products and chemicals. These products include cleaner burning, sulfur and aromatic free diesel fuel, naphtha and waxes. Certain portions of this release may contain ``forward-looking' statements as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements herein. For more information concerning factors that could cause such a difference, see the Company's annual report on Form 10-KSB and quarterly reports on Form 10-QSB, filed with the Securities and Exchange Commission. Although Rentech believes its statements to be reasonable, investors are cautioned that such forward-looking statements involve risk and uncertainties. The Company undertakes no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.