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since they are headed in the right direction concerning all of this IMHO.
www.RentechInc.com
ENERGY INDEPENDENCE THROUGH CLEAN ENERGY SOLUTIONS
Welcome to Rentech. Our company is one of the world's leading developers of Fischer-Tropsch coal-to-liquids and gas-to-liquids technologies. As such, it is the company's vision to develop technology and projects to transform underutilized hydrocarbon resources such as coal, petroleum coke, remote or stranded natural gas and biomass, into valuable alternative fuels and clean chemicals while providing clean energy solutions to accommodate our nations growing energy needs.
RENTECH, INC. For Immediate Release April 17, 2006 State of Mississippi Approves $15 Million Funding for Rentech’s Proposed Adams-Natchez Clean Fuel Manufacturing Facility Funding to Support the Development of Rentech’s Proposed Clean Fuel Manufacturing Plant
Denver, Colorado - Rentech, Inc. (AMEX:RTK) today announced that the State of Mississippi has enacted a $15 million state funding initiative, included in House Bill 1634, providing for site improvements at the location of Rentech’s proposed 10,000 barrel per day clean fuel manufacturing plant in Natchez, Mississippi. The funding is subject to Rentech meeting certain financial, employment and other criteria. Rentech has proposed building a 10,000 barrel per day clean fuel manufacturing plant in Adams County, Mississippi near Natchez. “We are very grateful to Governor Haley Barbour, Lt. Governor Amy Tuck, Speaker of the House Billy McCoy, the State of Mississippi, members of the Mississippi legislature, the
President and Board of Supervisors of Adams County, the Mayor and City of Natchez as well as the ten county coalition for their support in the passage of a $15 million state funding initiative,” said Hunt Ramsbottom, President and CEO of Rentech. “Since proposing the clean fuel manufacturing plant six months ago, the public officials of Natchez-Adams County Economic Development Authority, the Mississippi legislators, Governor Barbour, and the citizens of Mississippi have recognized the important role that our proposed plant could play in providing a clean, cost-effective alternative to the high energy costs they are currently facing. This funding will be instrumental in moving the project to commercialization. It will provide funding to Adams County to complete necessary civil improvement work at the Belwood site and an expansion of the Adams County Port facility to support the project. By passing this funding initiative, Mississippi has shown it recognizes the importance of national energy security and the need to utilize local resources in a clean and responsible manner to reach our national goals of cutting energy dependence on foreign oil."
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