Rentech, Inc. Q2 2008 Earnings Call Transcript

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2008-05-09 11:32:09.0

Tags: Rentech Inc.

Question-and-Answer Session

Operator

Thank you, sir. (Operator instructions) We will go first to Jeremy Sussman with Natexis Bleichroeder.

Hunt Ramsbottom

Hi, Jeremy.

Jeremy Sussman Natexis Bleichroeder

Good morning and congratulations on receiving the approval for your go-zone bonds.

Hunt Ramsbottom

Thanks.

Jeremy Sussman Natexis Bleichroeder

I guess along those lines, could you – and you laid this out a bit, but could you give us more of a relative time frame of say catalyst or events that we can look forward to, say, between now and I guess the eventual ground breaking at Natchez?

Hunt Ramsbottom

I think we have been reluctant to say, because we want to make sure we buy the land, Jeremy, and June 1 I think would be the first event. And I think after that, we would be happy to lay out what the events would be post that. We have got a number of things that we have alluded in here, permitting, selection of equipment, all that in partnership, so for this call, I would prefer just to focus on the land purchase and then post that, I think we will lay out the time line.

Jeremy Sussman Natexis Bleichroeder

Sure. Now, that makes sense. And I guess kind of again more macro here, I guess, but given oil looking at $125 a barrel here compared to – I think it was below $90 the last time we had your conference call a few months ago, any – I guess, what's been the change in the level of interest really of anything that you are seeing out there for synthetic fuels either in the U.S. or abroad, I guess?

Hunt Ramsbottom

I think generally speaking, my view is the last 60 days especially, I think we have seen more attention back on what we can do both domestically and internationally in terms of the attention focused on what we are doing. I think all of this discussion around the globe of food versus fuel, I think people now are scrambling and saying, okay, what's out there and what exists? We have been, as you know, been a little bit lost in the discussion, because of all of that discussion on food for fuel. So, we are seeing more enthusiasm domestically and the fact that – I don't know if you saw the article recently in Science magazine on the greening of synfuels. I think people are starting to understand this technology and the flexibility of this technology that it's not just coal related. So, I think we are getting a lot more traction domestically and internationally.

 

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