Rentech (RTK) Surges On Reports of Project with SYNGAS In Australia
Shares of Rentech, Inc. (NYSE: RTK) are up 40% today following reports from AdelaideNow that SYNGAS has teamed up with the company and General Electric (NYSE: GE) to progress South Australia's $3 billion coal-biomass-to-diesel Clinton project.
The report said that this week Rentech came on board to provide preliminary engineering services at the proposed site.
Rentech will provide its Fischer-Tropsch fuels production technology for the project in the first quarter of 2010.
No one at Rentech was avialable to comment on the story.
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