Silicon Investor - Alter NRG

[The Ox] Message 30529749

The Ox — 4/4/2016 1:42:40 PM

[Goose94] Sweet! For who bought mid-March... No averaging down either... [graphic]

Goose94 — 3/27/2015 4:07:13 PM

Sweet! For who bought mid-March... No averaging down either...

[The Ox] We were super lucky to have more than doubled our position in late February. Wa...

The Ox — 3/27/2015 2:11:09 PM

We were super lucky to have more than doubled our position in late February. Was strongly considering adding more. Not a huge position for us but solid none the less!

[TheSlowLane] Yep....a win is a win. I'll take it...in fact...I did take it. Next?

TheSlowLane — 3/27/2015 2:03:26 PM

[The Ox] While I'm also slightly disappointed at the price, anytime I see up over 100% in...

The Ox — 3/27/2015 11:06:32 AM

While I'm also slightly disappointed at the price, anytime I see up over 100% in a day, I'm happy!!!

[TheSlowLane] Yup! Thanks!

TheSlowLane — 3/27/2015 10:41:29 AM

[ogi] Understood, at least with this deal you are getting a hefty premium for the sha...

ogi — 3/27/2015 10:30:09 AM

Understood, at least with this deal you are getting a hefty premium for the shares rather than a predatory attack.

Redeploy !!

Cheers

[TheSlowLane] Bummer. I don't mean to be ungrateful or anything, and a win is a win. But...t...

TheSlowLane — 3/27/2015 10:20:05 AM

Bummer.

I don't mean to be ungrateful or anything, and a win is a win.

But...this was going to go a lot higher than $5. Oh well. It could be worse.

[ogi] Nice One TSL CONGRATS !! Alter NRG agrees to Harvest takeover for $5 per shar...

ogi — 3/27/2015 10:07:00 AM

Nice One TSL CONGRATS !!

Alter NRG agrees to Harvest takeover for $5 per share

Alter NRG Corp (2) (C:NRG)
Shares Issued 28,236,979
Last Close 3/26/2015 $1.93
Friday March 27 2015 - News Release

Mr. Walter Howard reports

ALTER NRG CORP. AGREES TO BE ACQUIRED BY HARVEST INTERNATIONAL NEW ENERGY, INC.

Alter NRG Corp. and Harvest International New Energy Inc. have entered into a support agreement under which Harvest has agreed to offer to acquire, through its wholly owned subsidiary, 1030629 B.C. Ltd., all of the issued and outstanding common shares of the company by the offeror (including any common shares issuable upon the exercise of outstanding option to acquire common shares) for $5.00 in cash per common share by way of a board-approved takeover bid. The total equity purchase price is approximately C$147 million. The Offer consideration represents a 160% premium to the Company's 20-day volume weighted average price on the Toronto Stock Exchange ("TSX") for the period ending March 26, 2015 and a 159% premium to the Company's closing price on the TSX on March 26, 2015.

The Board of Directors of Alter NRG, after consultation with its financial and legal advisors, has unanimously approved entering into the Support Agreement and has unanimously recommended that Alter NRG shareholders tender their shares to the Offer. Cormark Securities Inc., the financial advisor to Alter NRG, has provided a fairness opinion to the effect that, as of the date of the opinion and subject to the limitations and qualifications therein, the consideration of C$5.00 in cash per share to be received by Alter NRG shareholders is fair, from a financial point of view, to Alter NRG shareholders.All of Alter NRG's directors and executive officers, as well as Ervington Investments, holding in the aggregate approximately 17.9% of the Common Shares, have entered into lock-up agreements with the Offeror, pursuant to which they have agreed to tender all of their Alter NRG shares to the Offer.

Harvest is a Delaware corporation that is wholly-owned by Sunshine Kaidi New Energy Group Co., a privately held multi-billion dollar company in China. Harvest is focused on investing in and developing renewable energy technology. This transaction is the second acquisition of renewable energy technologies in North America for Harvest. In 2014, Harvest acquired all of Rentech Inc.'s alternative energy technologies. Commenting on behalf of Alter NRG, Walter Howard, Chief Executive Officer stated: "Given the substantial premium to market, the Offer is obviously very attractive from a financial perspective to shareholders of Alter NRG. However, it is also strong validation of the Company's business and technology. With significant financial and technical capabilities, Harvest is well positioned to support the accelerated global deployment of Alter NRG's technology, products and services. Our current and prospective clients will be the beneficiaries of continued investment by Harvest and we look forward to sustaining our commitment to technology leadership and client service." The Offer is expected to commence in the coming weeks. The Offeror will mail a take-over bid circular and related documents, and Alter NRG will mail a directors' circular, to Alter NRG shareholders in accordance with the Support Agreement and applicable laws. Full details of the Offer will be contained in the documents, all of which will be on the SEDAR profile of the Company at www.SEDAR.com. The Offer will be open for acceptance until 5:00 p.m. (Calgary time) on the date that is 36 days from the day the Offer is mailed to shareholders, unless extended or withdrawn in accordance with the Support Agreement and will be conditional upon, among other things, there being validly deposited or tendered and not withdrawn, a number of Alter NRG shares that represents at least 66 2/3% of the outstanding Common Shares, the votes of which would be included in any minority approval of a second step business combination pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The Offer will be subject to certain customary conditions, including the absence of any material adverse changes with respect to Alter NRG. In addition, the Offeror and Alter NRG have agreed to voluntarily seek regulatory approval for the Offer from the Committee on Foreign Investment in the United States ("CFIUS"). The completion of the Offer is subject to clearance from CFIUS. Once the minimum acceptance level for the Offer is achieved, the Offeror intends to take steps available to it under applicable law to acquire all other outstanding shares of Alter NRG. Under the terms of the Support Agreement, the Offeror and Harvest have represented that no consent, approval or authorization of any governmental authority which has not been received or made is required in connection with the Offer. The Offeror has provided documents to Alter NRG to indicate that regulatory approvals for the Offer from the National Development and Reform Commission, the Department of Commerce and the State Administration of Foreign Exchange of the People's Republic of China have been obtained. The Offer is not subject to any financing condition.

The Company has agreed in the Support Agreement that it will not solicit or initiate discussions regarding any other business combination or sale of material assets. The Company has also granted the Offeror a right to match competing unsolicited proposals. Pursuant to the Support Agreement, a termination fee of C$5 million will be payable by the Company in certain circumstances, including if the Company enters into an agreement with respect to a superior proposal. A copy of the Support Agreement will be made available on the SEDAR profile of the Company at www.SEDAR.com.Cormark Securities Inc. is acting as financial advisor and Blake, Cassels & Graydon LLP is acting as legal counsel to Alter NRG. Canaccord Genuity Corp. is acting as financial advisor and Goodmans LLP is acting as legal counsel to Harvest and the Offeror in connection with the Offer.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd.

[Goose94] NRG-T halted

Goose94 — 3/27/2015 9:04:11 AM

[The Ox] Very disappointing performance. Appears costs are still too high or their disco...

The Ox — 2/5/2015 11:30:59 AM

Very disappointing performance. Appears costs are still too high or their discounts are too steep.

[TheSlowLane] Thanks, I updated the thread header...

TheSlowLane — 6/30/2014 9:26:24 PM

[The Ox] Trading post split today, symbol now ANRGD in the US.....

The Ox — 6/30/2014 9:50:28 AM

[TheSlowLane] My guess is that this is a step in preparation for listing on a major US exchang...

TheSlowLane — 5/28/2014 6:28:31 AM

My guess is that this is a step in preparation for listing on a major US exchange, like the NASDAQ. The company needs to get on a real exchange in order to get coverage and volume. People forget what is going on right now at Tees Valley but that doesn't mean it isn't happening. We are in a news lull...the company needs to re-ignite interest by closing more deals but timing is not subject to their control. The price performance is discouraging but the company is continuing to execute extremely well but I don't think that will be reflected until there is more traction with revenues. Many things are in the pipeline but again, very unpredictable in terms of timing. Back to sleep...zzzzzzzzz....

[4C] Now we know why the fund was selling all those shares the past two months. Why ...

4C — 5/27/2014 2:09:39 PM

Now we know why the fund was selling all those shares the past two months.
Why the split TSL, they only have 112 mil shares?

Vol is already low, it will probably become nonexistent after a split...

[4C] Alter NRG Corp. proposes a 4 for 1 reverse stock split to be voted upon at the A...

4C — 5/27/2014 1:51:24 PM

Alter NRG Corp. proposes a 4 for 1 reverse stock split to be voted upon at the Annual General Meeting CALGARY, May 27, 2014 /CNW/ -

Alter NRG Corp. ("Alter NRG" or the "Company") is proposing a 4 for 1 reverse stock split to be voted upon at the upcoming Annual General Meeting on June 13, 2014. Management believes that this is in the best interests of shareholders to attract further market attention and be prepared for the potential addition of exchanges.

Walter Howard, CEO of Alter NRG states that "Alter NRG has achieved significant milestones and continues to attract commercial attention and new customers worldwide. However, in the capital markets we are often overlooked and share price is a contributing factor as many investors cannot invest in stocks below a certain price. I believe that a reverse split will allow a greater number of investors to evaluate an open market investment in Alter NRG and it will also provide us the flexibility to list on an exchange in a larger capital market should we choose to do so."

ABOUT ALTER NRG

Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and to provide a wide variety of energy outputs – including liquid fuels like ethanol and diesel, electrical power, and syngas.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Advisory Respecting Forward-Looking Statements:

This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining potential listing on a new exchange and ability for investors to invest in Alter NRG at a different share price. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Company. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the backgrounds of the parties do not impact business strategy in a material way, that new markets are not economic or that there is not sufficient demand for the Company's products, that there may be competition in those markets, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 27, 2014 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

SOURCE Alter NRG Corp.

newswire.ca

[4C] Stock Rating Upgraded by Zacks Alter Nrg Corp Com Stock Rating Upgraded ...

4C — 5/2/2014 6:41:41 AM

Stock Rating Upgraded by Zacks

Alter Nrg Corp Com Stock Rating Upgraded by Zacks (ANRGF)
May 1st, 2014 - 0 comments - Filed Under - by Lindsey Winhoffer

Zacks upgraded shares of Alter Nrg Corp Com (NASDAQ:ANRGF) from a hold rating to a buy rating in a research report released on Wednesday morning, AnalystRatings.NET reports.

Alter Nrg Corp Com ( NASDAQ:ANRGF) traded up 0.41% on Wednesday, hitting $0.754. The stock had a trading volume of 1,200 shares. Alter Nrg Corp Com has a 52 week low of $0.31 and a 52 week high of $1.13. The stock’s 50-day moving average is $0.85 and its 200-day moving average is $0.76. The company’s market cap is $78.9 million.

watchlistnews.com

[TheSlowLane] Air Products begins work on TV2 facility 25 April 2014 EnergyWaste Management ...

TheSlowLane — 4/26/2014 5:44:22 AM

Air Products begins work on TV2 facility

25 April 2014

Energy Waste Management
By Tom Goulding

Air Products has begun construction of its second large-scale waste gasification plant in Tees Valley, marking the event with an official ground breaking ceremony attended by cabinet office minister Francis Maude today (April 25).

The 350,000 tonnes-per-year ‘TV2’ facility, which will be situated near Billingham, secured planning permission from Stockton-on-Tees borough council in July 2013.

The TV2 site will be built on adjacent land to the TV1 facilityIt will convert pre-processed municipal and commercial and industrial waste into energy and is to be built on adjacent land to the firm’s existing facility, dubbed ‘TV1’ – which has the same capacity and is scheduled to enter its start-up phase later this year.

The new facility will also use the same plasma gasification technology as TV1, which is provided by Canada-based specialist AlterNRG and sees materials heated in excess of 1,200 degrees celcius to produce synthetic gas.

It is expected that 750 new jobs will be created during the construction phase, and some 50 permanent jobs will also be created when the plant enters commercial operation in 2016.

Mr Maude attended the ground breaking ceremony following the Cabinet Office’s decision last year to purchase the plant’s power output for a 20-year period. The energy contract with Air Products is part of the government’s “Energy for Growth” programme, and meets 2% of the government's overall energy consumption.

FlagshipCommenting on the TV2 plant, the Minister said: “This new facility is a flagship for our Energy for Growth programme, supporting jobs for the North East and generating reliable, renewable energy while also saving taxpayers money.

“These projects demonstrate that the UK is an excellent market for investing in innovative new technology. Importantly, the Air Products project provides a solution to the UK’s waste management challenge whilst strengthening the country’s energy security.”

Whilst presiding over the ground breaking ceremony, Mr Maude also took the opportunity to tour the estimated £320 million TV1 plant, now due to begin operations in 2015. Once completed, Air Products claims it will be the largest gasification renewable energy plant in the world ( see letsrecycle.com story).

David Taylor, Air Products vice president for energy business, said: “Our agreement with the Cabinet Office serves as a strong endorsement to our state-of-the-art renewable energy projects and to the Teesside area as a leading renewable energy technology centre.

Related Links Air Products

“Air Products is at the forefront of technological innovation, investing in green jobs and skills in the North East of England. Once TV2 enters commercial operation, the projects will have created over 1500 jobs in the region and Air Products will have invested significant resources into the local economy.”

[TheSlowLane] Roy F. Weston: enr.construction.com 2014 New York IAIR Awards: iaireview.org

TheSlowLane — 4/24/2014 5:14:53 AM

[4C] Alter NRG Corp. wins two Prestigious Awards for Best In Class Clean-Technology ...

4C — 4/23/2014 7:04:58 PM

Alter NRG Corp. wins two Prestigious Awards for Best In Class Clean-Technology

TSX - NRG

OTCQX - ANRGF

CALGARY, April 23, 2014 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") announces that it has won two prominent awards in the last few weeks.

Alter NRG was honored with the IAIR Corporate award for Best Company for Leadership in Clean Technology. The IAIR awards recognize excellence in global economy and sustainability. Winners were chosen based on IAIR readers' votes, including business and financial journalists in 120 countries, and selection by the editorial staff.

In addition Alter NRG's CEO, Walter Howard, won the Roy F. Weston Award from the Journal of Solid Waste Technology and Management. The Roy F. Weston award was established in 1985 to acknowledge significant individual contributions to the field of industrial waste management. The Journal of Solid Waste Technology and Management is an international peer-reviewed journal covering landfill, recycling, waste-to-energy, waste reduction, policy and economics, composting, waste collection and transfer, municipal waste, industrial waste, residual waste and other waste management and technology subjects.

Walter Howard, CEO of Alter NRG states that "I am privileged to be receiving such respected awards on behalf of the Company. The Westinghouse Plasma Technology which we own is innovating the waste market in many ways; this includes larger-scale municipal waste projects in Europe, as well as smaller-scale hazardous waste projects in Asia. We are pleased to see our industry leading technology being recognized by reputable industry sources."

online.wsj.com

[TheSlowLane] Alter barely got to the oversold line before rebounding but close enough I think...

TheSlowLane — 4/13/2014 2:54:06 PM

Alter barely got to the oversold line before rebounding but close enough I think. During the last call they said there is a groundbreaking ceremony for GES Bijie scheduled for 4/22 so maybe there will be some press out of that.

[4C] Is Alter NRG (ANRGF) Stock a Solid Choice Right Now? April 03, 2014 ...

4C — 4/13/2014 8:31:12 AM

Is Alter NRG (ANRGF) Stock a Solid Choice Right Now?
April 03, 2014 April 03, 2014

One stock that might be an intriguing choice for investors right now is Alter NRG Corp. ( ANRGF). This is because this security in the alternative and renewable energy space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the alternative and renewable energy space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Alter NRG is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current year loss estimates have narrowed down from a loss of 8 cents per share to a loss of 5 cents per share. This has helped ANRGF to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Alter NRG. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

zacks.com

[4C] [graphic]

4C — 4/13/2014 7:27:59 AM

[TheSlowLane] Of all of the potential revenue opportunities for Alter over the next few years ...

TheSlowLane — 4/9/2014 6:08:30 AM

Of all of the potential revenue opportunities for Alter over the next few years the most recent one, Cahill Energy, is possibly the most intriguing. It is unusual in that the first we heard of it was when they announced the deal to build a plant in Barbados. They hit the ground running. There is still no detail at the placeholder website, just one paragraph with four sentences. But taking a close look leads me to believe a good deal of thought was put into very few words.

Cahill Energy has been created to build, own and operate utility-scale plasma gasification plants in key waste management to energy generation markets.

That seems clear enough. They have a well defined mission.

The Company...[has] brought together world class talent to fill senior management, board and advisory positions that commands both domain and managerial expertise and brings the high level governmental and global capital markets access required to expand its reputation as a leader and first market mover in providing specialized and professional project management and oversight services.

There are a lot of words in this sentence but it conveys an understanding of the critical components that are required to execute this ambitious plan. The right people in the right places to cover all the bases.

Cahill will manage each of the plasma gasification plants it intends to build as individual subsidiaries.

This conveys a level of financial planning and sophistication.

Cahill has demonstrated that it is able to compete with larger, well established, players supplying incineration solutions, the competitor technology, in an extremely competitive and capital intensive industry.

This conveys an understanding of the market they are entering and of what it will take to succeed in it.

I am interested to see the full site when it becomes available. cahill-energy.com

[TheSlowLane] Gasification companies are a dime a dozen. I came across two more this week: ...

TheSlowLane — 4/9/2014 5:49:00 AM

Gasification companies are a dime a dozen. I came across two more this week:

American Combustion Technologies Inc

Terragon Environmental Technologies Inc

As far as I can tell these two are just two more examples of what Walt Howard has said, that it is not difficult to do waste-to-energy on a small scale, the challenge is to do it economically. There are economies that you will never achieve at small scale. I think that there is a place for small scale solutions but it is a niche relative to the overall WTE market.

[TheSlowLane] AFC Energy news... Message 29473093

TheSlowLane — 4/4/2014 5:59:01 AM

[TheSlowLane] Barbados’s Minister of Environment, Denis Lowe, said “Cahill Energy offers us a ...

TheSlowLane — 3/21/2014 6:11:55 AM

Barbados’s Minister of Environment, Denis Lowe, said “Cahill Energy offers us a real solution to becoming energy independent, while at the same time reducing our massive oil import bill. Cahill Energy has brought a Waste to Energy option to the Government of Barbados that is far superior to any other we have examined. We believe that our country will be changed forever as a result.”

Read more: caribbean360.com

[TheSlowLane] I took a back of the envelope stab at what the annual run rate for revenues coul...

TheSlowLane — 3/20/2014 7:26:21 PM

I took a back of the envelope stab at what the annual run rate for revenues could look like when all of these get rolling. There are lots of assumptions but this is not pie in the sky based on my investigations.

[TheSlowLane] Link to conference call audio: bristolir.com

TheSlowLane — 3/20/2014 7:17:18 PM

[TheSlowLane] waste-management-world.com

TheSlowLane — 3/17/2014 12:21:23 PM

[TheSlowLane] I have no idea, but good questions. At any rate, given everything else that is ...

TheSlowLane — 3/17/2014 8:10:01 AM

I have no idea, but good questions. At any rate, given everything else that is going on I don't see Clean Coal Applications as something that is going to be on the front burner any time soon. There is plenty of opportunity in the markets they are pursuing. The initiative on the clean coal front may be coming from the potential users. Not sure though...

[The Ox] Is this application really cost efficient? We believe that the Westinghouse Pla...

The Ox — 3/16/2014 9:17:58 PM

Is this application really cost efficient?

We believe that the Westinghouse Plasma Gasification Technology will play a significant role in China Clean Coal Applications.

To reduce waste, especially hazardous material, it makes a lot of sense both short term and long. But how long is the return on investment for the same type of plant which would use coal input instead of waste products? How much energy would they get from a ton of coal? Turning a ton of hazardous material into energy, with only a few pounds of hazardous waste left over sound great. Eliminates a lot of trouble and well worth the cost.

Will they really get to a cost efficient process using coal as the input source?

In China and many other countries, incinerator ash is considered a hazardous waste which is a growing, expensive problem that requires special treatment which can cost up to $USD300 per tonne.

[TheSlowLane] Rentech Announces Agreement to Sell Alternative Energy Technology Assets Exit f...

TheSlowLane — 3/16/2014 5:38:15 AM

Rentech Announces Agreement to Sell Alternative Energy Technology Assets

Exit from Alternative Energy Technologies Business to be Completed in 2014

LOS ANGELES--(BUSINESS WIRE)--March 05, 2014-- Rentech, Inc. (NASDAQ: RTK) today announced that it has entered into a definitive agreement with Sunshine Kaidi New Energy Group Co., Ltd. (Kaidi) to sell its alternative energy technologies and decommissioned Product Demonstration Unit (PDU).

The transaction calls for an initial cash payment to Rentech of $15.3 million, and the possibility of a success payment of up to $16.2 million to the Company upon the successful construction and operation by Kaidi, at its cost, of a demonstration-scale plant in China utilizing the technologies and PDU equipment acquired from Rentech. In addition, Rentech and Kaidi will share equally in any proceeds from the future sale of the PDU site in Commerce City, CO, net of transaction fees and carrying costs of the property incurred by Rentech after the closing of the sale of the technologies and PDU.

The equipment purchased by Kaidi will be relocated to Wuhan, China where Kaidi is in the process of expanding its biomass-to-liquids demonstration facility to employ some or all of Rentech's alternative energy technologies. Upon Kaidi's completion of this demonstration facility, Rentech will be eligible to receive up to $16.2 million in success payments based on the performance of the technologies.

"The sale of these technologies and the decommissioned PDU is the final step in exiting our alternative energy technology-related operations. We continue to focus on driving near-term and long-term growth in our wood fibre processing and fertilizer businesses," said D. Hunt Ramsbottom, President and CEO of Rentech. "We are pleased Kaidi has agreed to purchase these assets with plans to demonstrate and commercialize them in alternative energy projects abroad, as the energy landscape and lack of government support no longer make their deployment economic in the U.S. in the foreseeable future. We are grateful to all of our employees who helped develop such innovative and effective technologies."

In 2013, Rentech ceased operations at the PDU and successfully mothballed the facility. Staffing in the Company's alternative energy business was also significantly reduced and all related research and development activities were eliminated. Upon closing of the sale of the technologies and the decommissioned PDU, Kaidi will assume substantially all costs associated with Rentech's alternative energy technology business. Rentech anticipates total costs associated with the energy technology business, including costs to secure the sale agreement and close the transaction, site-related carrying costs, and transitional costs, to be approximately $5 million in 2014, which will be recorded as selling, general and administrative expenses. Rentech expects to sell the PDU site by the end of the first quarter of 2015.

The sale of the technologies is expected to close in mid-2014. Closing of the transaction is subject to customary conditions, including regulatory approvals in the United States and the People's Republic of China.

About Rentech, Inc.

Rentech, Inc. (www.rentechinc.com) owns and operates wood fibre processing and nitrogen fertilizer manufacturing businesses. The wood fibre processing business consists of the provision of wood chipping services and the manufacture and sale of wood chips, through a wholly-owned subsidiary, Fulghum Fibres, Inc., and the development of wood pellet production facilities. Rentech's nitrogen fertilizer business consists of the manufacture and sale of nitrogen fertilizer through its publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE: RNF).

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as the sale of the Company's alternative energy technologies and PDU; and the expected closing date for the transactions and the expected alternative energy costs in 2014. These statements are based on management's current expectations and actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in the Company's prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech's website at www.rentechinc.com. The forward-looking statements in this press release are made as of the date of this press release and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.

[TheSlowLane] Alter NRG Corp. announces a joint launch of a turn-key hazardous waste destructi...

TheSlowLane — 3/6/2014 6:54:35 AM

Alter NRG Corp. announces a joint launch of a turn-key hazardous waste destruction solution

CALGARY, March 5, 2014 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") announces it is has executed a joint development and marketing agreement (the "Agreement") and is jointly launching a small scale, turn-key hazardous waste destruction solution with GTS Energy Technology (Shanghai) Ltd. ("GTS Energy"). The hazardous waste solution is based upon the recently announced reference facility in Shanghai, China, which is taking hazardous incinerator fly-ash, as well as hazardous and medical wastes, and converting it into useful energy that increases the electrical output of the existing incinerator, with which it is co-located (see January 28, 2014 press release). Alter NRG intends to jointly market turn-key incinerator fly-ash and hazardous waste destruction facilities worldwide.

In China and many other countries, incinerator fly-ash is considered a hazardous waste which is a growing, expensive problem that requires special treatment which can cost up to USD$300 per tonne, as well as other hazardous wastes that can cost up to USD$1,000 per tonne to treat. The Westinghouse Plasma Technology is able to treat the hazardous fly-ash from incinerators, turning the majority of it into a benign glass-like slag that can be used in other industries such as construction. The Westinghouse Plasma Technology can increase incinerator facility revenues by taking up to 50 tonnes per day of high tipping fee feedstock, such as medical and hazardous waste, and generating additional syngas or steam, which increases the electrical output. The turn-key solution is expected to have a total installed capital cost of between USD$10 million and USD$20 million.

Walter Howard, CEO of Alter NRG believes that "changes in the regulatory environment and other hazardous waste streams around the world have created a significant market opportunity. The reference facility in Shanghai has clear benefits in that it reduces an incinerator's cost of disposal of the hazardous fly-ash, increases revenues and improves environmental performance, which is complementary to the more than 2,000 existing incinerators worldwide. This is a solution that has significant economic benefit for our customers in addition to many environmental benefits. We are pleased to be working with an industry leader, GTS Energy, our collaboration paves the way in bringing this solution to the market."

Under the terms of the Agreement, Alter NRG receives an irrevocable, royalty-free license to the turn-key hazardous waste destruction unit which includes the Westinghouse Plasma Gasification System and the GTS Energy balance of plant solution. Alter NRG intends to market and sell turn-key facilities to companies with hazardous waste challenges worldwide. GTS Energy will exclusively use the Westinghouse Plasma Technology for their systems and will manufacture the turn-key hazardous waste destruction unit, and provide performance warranties and guarantees for the balance of plant solution. Alter NRG continues to retain the rights for the use of its proprietary technology in all markets worldwide.

With headquarters in the United States and China, GTS Energy is recognized as one of the leading providers of process heating equipment for industrial applications globally. First established in 1986, GTS Energy is a fully integrated company offering client consultation, equipment design, construction management and inspection, start-up guidance, maintenance services, and aftermarket support. They currently manufacture and sell products for the incineration market and have established relationships that will be beneficial for the joint marketing of the new product line.

Naicheng Zhou, President of GTS Energy states that "In these three years, we have cooperated very successfully and constructed a 30 tonne/day medical and hazardous waste plasma gasification treatment system in Shanghai, China. This is the first time in China that advanced plasma technology has been utilized on a large commercial scale, and our system has been highly acclaimed by industry experts and the Chinese government. The medical and hazardous waste treatment industry is an immense domestic and international market with an incredibly bright future for our continued development. I would like to acknowledge and express my sincere appreciation towards Alter NRG/Westinghouse Plasma for their contribution and support of advanced plasma technology. GTS Energy will continue to use all resources, knowledge and 30 plus years of industry experience, which spans over 300 large scale energy projects all over the world, to strengthen this partnership and future ventures."

ABOUT ALTER NRG

Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstock, and provide a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, and syngas.

newswire.ca

[TheSlowLane] Hmmm...just noticed this part... "This project will also provide a testing plat...

TheSlowLane — 2/24/2014 3:20:07 PM

Hmmm...just noticed this part...

"This project will also provide a testing platform for clean coal applications. We believe that the Westinghouse Plasma Gasification Technology will play a significant role in China Clean Coal Applications.”

[TheSlowLane] Nice. The insulation thing is interesting. I wonder what the revs from that wi...

TheSlowLane — 2/24/2014 2:51:32 PM

Nice. The insulation thing is interesting. I wonder what the revs from that will be...

[Goose94] Alter NRG (NRG-T) Feb 24, '14 has signed agreements with Bijie City Green Enviro...

Goose94 — 2/24/2014 1:20:34 PM

Alter NRG (NRG-T) Feb 24, '14 has signed agreements with Bijie City Green Environmental Energy Ltd. (BGE) to provide a Westinghouse plasma gasification solution for $15-million (U.S.). The project is expected to be a 600 tonne per day facility that will produce 15 MW of electricity using municipal solid waste from the City of Bijie, China. This project has been officially designated as a key project by the Provincial Government of Guizhou due to the anticipated environmental benefits. The project has progressed steadily through business development and environmental permitting for the past 4 years. The project has obtained provincial approval and is awaiting the People's Republic of China ("PRC") final approvals which are expected in Q2 of 2014. After the initial start-up, expected in mid-2016, BGE intends to double the capacity of the facility with a second gasifier.

According to Jeffery Hu, Principal at BGE, "We are very excited to be kicking-off our first project in China which we believe provides the best-in-class waste management solution with better environmental performance compared to other alternatives. In addition to the Bijie project, BGE has additional projects in China which it also continues to advance. This project will also provide a testing platform for clean coal applications. We believe that the Westinghouse Plasma Gasification Technology will play a significant role in China Clean Coal Applications."

Walter Howard, Chief Executive Officer of Alter NRG states that "having a simultaneous second large-scale project commencing is a significant commercial milestone as it will provide additional cash flow for 2014. This illustrates the viability of our market-leading Westinghouse Plasma Technology in other jurisdictions and the large pipeline of projects that continue to advance around the world."

Alter NRG and its wholly owned subsidiary Westinghouse Plasma Corp. will provide a site license, gasifier equipment, related control, instrumentation, and engineering services for approximately USD$15 million. Alter NRG expects to realize the majority of the revenue over the next 18 months. Alter NRG has executed and received a mobilization payment on the engineering contract and executed memorandums of understanding on the site license and equipment sale that will be finalized once PRC approvals are obtained. The final equipment package is subject to change based on the engineering work performed. The project will not proceed past the engineering phase valued at approximately $1 million until final PRC approvals are obtained. The project intends to convert the vitrified slag output from the Westinghouse Plasma Gasifier into block foam insulation which can be sold at a much higher sales value. BGE has patented a process to convert the slag which has passed technical certification in the China market and the resulting foam insulation can be sold as a Class A, non-combustible building material.

[Goose94] NRG-T halted

Goose94 — 2/24/2014 1:04:09 PM

[4C] Looks like Thailand will bring in a lot of revenue for the company this year, bu...

4C — 2/24/2014 7:29:05 AM

Looks like Thailand will bring in a lot of revenue for the company this year, but what I am most impressed with is the quality companies NRG has decided to partner with. They are all truly a class act imo.

[TheSlowLane] New drive to accelerate launch of energy-from-waste projects in Thailand invest...

TheSlowLane — 2/24/2014 4:52:07 AM

New drive to accelerate launch of energy-from-waste projects in Thailand

investegate.co.uk

[TheSlowLane] Unlocking the energy potential of the world’s waste 17 February 2014 Over 20...

TheSlowLane — 2/18/2014 5:07:59 AM

Unlocking the energy potential of the world’s waste

17 February 2014

Over 200 million tonnes of household waste is produced across the European Union (EU) each year – equivalent to 436 kg per EU citizen1. Chemical engineers are leading the race to turn this waste into a valuable source of renewable energy.

In 2010, the 27 countries in the EU, with a population in excess of 500 million people2, produced around 219 million tonnes of household waste – the equivalent of 436 kg of waste for every man, woman and child.

Municipal solid waste (MSW), which includes household, commercial and industrial waste, is suitable as a source of renewable energy because it contains high concentrations of carbon-based materials, such as paper and plastics. In the UK, it is estimated that around a third of all MSW could be converted into energy3.

The methods of converting waste to energy have been known for a long time and include gasification, combustion and pyrolysis4. In recent years the challenge for chemical engineers has been to produce energy in both an economical and more environmentally-friendly manner.

Significant progress has been made including the scheduled opening in 2014 of the world’s largest gasification plant, in the UK, capable of powering 50,000 homes from 350,000 tonnes of municipal solid waste each year.

Some of the latest novel technologies in development for converting energy from waste are being discussed in March at the 12th European Gasification Conference in The Netherlands, organised by the Institution of Chemical Engineers (IChemE) and supported by DECHEMA.

One of the most interesting technologies being presented at conference is microwave-induced plasma (MIP) gasification – a high-temperature ionised gas that can be used to separate organic and inorganic materials during the energy conversion process.

MIP gasification is able to operate using less energy than conventionally-produced plasma gasification and has the potential to be operated on a much smaller scale – even at household level in the future. This can reduce distribution costs.

Conference organiser, Matt Stalker, at IChemE, said: “Global policies on waste management and the push towards generating energy from low carbon sources have brought issues like gasification to the top of the agenda in many countries.

“The 12th European Gasification Conference brings all the latest development together under one roof. From governments, to policy-makers, to energy suppliers, it is an opportunity not to be missed.”

New Horizons in Gasification, the 12th European Gasification Conference, is being held on 10-13 March 2014, Rotterdam, The Netherlands
New Horizons in Gasification website

pandct.com

[4C] Very nice interview. If the current mini pullback extends, may provide a good op...

4C — 2/15/2014 4:31:20 AM

Very nice interview. If the current mini pullback extends, may provide a good opportunity for me to add.

[TheSlowLane] Bloomberg video...W2T: bloomberg.com

TheSlowLane — 2/14/2014 12:15:16 PM

[4C] "Congrats to TSL for calling this very early." I second that! NRG running stron...

4C — 2/13/2014 1:47:43 PM

"Congrats to TSL for calling this very early."
I second that!

NRG running strong now... let's make it more expensive before the funds get to it :)
Not a big holding for me either, unfortunately.
I'm glad they raised money for Marketing. That was my only issue with the company, majority of investors are not aware of this great opportunity.

[ItsAllCyclical] Agree these things take time to negotiate. In general I'm used to miners/comm...

ItsAllCyclical — 2/13/2014 10:21:15 AM

Agree these things take time to negotiate. In general I'm used to miners/commodity plays were if they raise money it's for tangible items. I was rather surprised they said they needed the money for marketing purposes. But as TSL pointed out the volume/action post offering has been incredible and at this point that's all that really matters. The market has spoken and there are still a number of funds that want in judging by this action. This is not a big holding at this point for me and with the miners exploding of late my mind has been elsewhere. Congrats to TSL for calling this very early.

[TheSlowLane] The stock has shown excellent strength following that announcement. The volume ...

TheSlowLane — 2/13/2014 8:47:15 AM

The stock has shown excellent strength following that announcement. The volume is huge...

[The Ox] I was thinking about the price of the stock placement again and after looking at...

The Ox — 2/13/2014 8:37:03 AM

I was thinking about the price of the stock placement again and after looking at the chart, it may have been negotiated in advance to be the average price of the previous 3 or 4 months..... Certainly, the average price during that period was pretty close to the placement price.

[TheSlowLane] Westinghouse Plasma is a sponsor or the upcoming Energy from Waste 2014 conferen...

TheSlowLane — 2/13/2014 4:49:18 AM

Westinghouse Plasma is a sponsor or the upcoming Energy from Waste 2014 conference in London:

efwlondon.eu

[TheSlowLane] Okay thanks! Right now revenues are extremely lumpy, to say the least. There i...

TheSlowLane — 2/3/2014 1:14:39 PM

Okay thanks! Right now revenues are extremely lumpy, to say the least. There is a ton of stuff in the pipeline but timing is unpredictable and if we have learned anything it is that sales cycles are even longer than you ever think they will be. But everything appears to be heading in the right direction. I think stuff will speed up quite a bit after TV-1 comes online.

[ItsAllCyclical] Agree given price it was probably negotiated some time ago. Company probably w...

ItsAllCyclical — 2/3/2014 1:11:36 PM

Agree given price it was probably negotiated some time ago. Company probably would have settled for less, but maybe the only way the deal would go thru is if they raised a higher amount. Also trying to get a hold of the company. Will post if I find out anything of value.