Earnings Call Excerpt
Rentech, Inc. (RTK)
Wall Street Analyst Forum Presentation
March 26, 2008 9:50 am ET
Executives
I. Merrick Kerr – Chief Financial Officer, Executive Vice President & Treasurer
Presentation
Facilitator
In our ongoing attempt to adhere to the published schedule I’d like to introduce the next company in this morning’s alternative energy and clean technology conference. Rentech, incorporated in 1981, provides clean energy solutions. The company has developed and patented the Rentech process which transforms underutilized domestic energy resources into valuable and clean alternative fuels and chemicals. These energy resources include coal, petroleum coke, biomass and municipal solid waste.
Rentech trades on the American Stock Exchange under the symbol RTK. The Rentech process produces a diverse and high value set of products just as JP8 and jet fuel, specialty chemicals and ultra low sulfur diesel fuel. The resulting greenhouse gas footprint of fuels from the Rentech process is significantly below that of petroleum derived fuels. Rentech is currently constructing the first fully integrated coal and biomass product demonstration unit in the United States which will produce approximately 10 barrels a day of ultraclean synthetic fuels beginning in the spring of 2008.
Rentech has many projects in its pipeline among which is the US first commercial scaled synthetic fuels facility scheduled to produce up to 1,600 barrels a day of ultraclean synthetic fuels by the year 2011.
Without any further introduction I’d like to introduce Merrick Kerr, Executive Vice President and Chief Financial Officer of the company.
I. Merrick Kerr
Good morning everybody I had a chance to watch the last presenter and while I was sitting here they actually did some of the work for me. You’ve already heard about some of the advantages of the technology. The technology which Rentech has is effectively the part mentioned in the middle where they said gas to liquids, that’s effectively the part that Rentech has. A similar Safe Harbor statement to what you just saw.
Rentech itself has been a leader in synthetic fuels technology for some time. The distinction here between Rentech of today and Rentech two years ago is that we’re now looking to take what was basically a technology research and development company, take it through to the next phase of commercialization and actually get the technology out there in the marketplace. [Inaudible] the same technology, its CO2 capture ready and we also have significant reductions in the regulated emissions which you see from traditional petroleum derived diesel and jet fuel. Technology has 25 plus years of development. We have several partners around the technology. We’ve demonstrated the technology in the past at pilot plants but at each phase they’ve been kind of batch operated plants and individual parts of the technology have been proven out. What we’re doing now is doing the first fully integrated where you have feedstock coming in at one end and product effectively going into tanks at the other end.
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