Rentech, Inc. (NYSE AMEX: RTK) has signed a multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel®) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.
The initial purchasers under the agreement with Aircraft Service International Group (ASIG), the entity that provides fueling services to many airlines that operate at LAX, are Alaska Airlines, American Airlines, Continental Airlines, Delta Air Lines, Southwest Airlines, United Airlines, UPS Airlines and US Airways. Additional airline purchasers of RenDiesel® can be added under the agreement with ASIG.
The renewable RenDiesel® fuel to be supplied to the airlines would be produced from green waste at Rentech’s proposed Rialto Renewable Energy Center (Rialto Project). The renewable diesel fuel will have a carbon footprint of near zero, Rentech said, and is compatible with existing engines and pipelines.
D. Hunt Ramsbottom, President and CEO of Rentech, said, “We expect this agreement to serve as a model for future supply relationships at other airports and for other fuels, including Rentech’s synthetic jet fuel, which was recently approved for commercial airline use.”
Rentech is developing a commercial-scale facility in Rialto, California, to produce renewable electric power and diesel fuel. The project is currently designed to produce approximately 600 barrels per day of renewable, synthetic fuels and 35 megawatts of renewable electricity (enough to power approximately 30,000 homes), primarily from urban woody green waste, such as yard clippings. The facility is expected to come online in 2012.
Incorporated in 1981, Rentech, Inc.’s biomass gasification process can convert multiple biomass feedstocks into synthesis gas (syngas) for production of renewable fuels and power.
The Rentech Process can also convert syngas from fossil resources into synthetic jet and diesel fuels, specialty waxes and chemicals. Final product upgrading is provided under an alliance with UOP, a Honeywell company (NYSE: HON). Rentech develops projects and licenses these technologies for application in synthetic fuels and power facilities worldwide.
Rentech Energy Midwest Corporation, the Company’s wholly-owned subsidiary, manufactures and sells nitrogen fertilizer products including ammonia, urea ammonia nitrate, urea granule, and urea solution in the corn-belt region of the central United States.
Loading...