Rentech, Beach Petroleum to explore feasibility to develop synthetic fuel plant

Rentech has signed a non-binding memorandum of understanding with Beach Petroleum to explore the feasibility of developing a commercial scale facility in Australia, utilizing Rentech's technology for the production of ultra-clean synthetic fuels and specialty chemicals from synthesis gas derived from Beach Petroleum's gas resources in the Cooper Basin of Australia.

Rentech, a provider of clean energy solutions, has developed a patented, proprietary and proven technology that economically converts synthesis gas (syngas) from fossil and biomass resources into hydrocarbons that can be refined into ultra-clean biodegradable synthetic fuels, specialty waxes and chemicals.

Beach Petroleum has approximately 1.1 trillion cubic feet of contingent unconventional gas reserves in the South Australian Cooper Basin which could serve as feedstock for a facility producing synthetic diesel and jet fuel, specialty chemicals and fertilizer.

In addition to evaluating the development of a potential synthetic fuels and chemicals facility utilizing Rentech's technologies and Beach Petroleum's reserves, both companies will evaluate the scope, location, costs and feasibility of such a facility and its operations, products and market opportunities.

Hunt Ramsbottom, president and CEO of Rentech, said: "We look forward to working with a large integrated oil and gas company such as Beach Petroleum for a potential synthetic fuels and chemicals facility utilizing the Rentech Process.

"The flexibility of our technology, which can utilize a variety of fossil and biomass resources, enables us to explore deployment opportunities in regions with abundant resources such as Australia."

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