🕐17.12.09 - 13:52 Uhr
Altona Energy Plc - Statement Re Rentech Demonstrates Increasing Interest in Syngas
NON-REGULATORY PRESS RELEASE
17 December 2009
Altona Energy Plc (Altona or the Company)
Re Rentech Announcement
Altona Energy Plc, the AIM listed Australian based energy company, notes
the Memorandum of Understanding announced on 15 December 2009 between
U.S.-based clean energy company Rentech, Inc (Rentech) and 13 U.S.
domestic and international passenger and cargo carriers regarding the
potential future supply for certified jet fuel from Rentechs proposed
synthetic fuels and power facility in Adams County, Mississippi
(Natchez Project).
The Board of Altona believes that Rentechs Natchez Project, which is
expected to be the U.S.
first large-scale synthetic fuels facility for
environmentally superior alternative sources of domestic energy,
highlights the significant advances being made in the industry and the
prospective demand for the production of synthetic gas (Syngas) and
its derivative products.
This underpins the potential of Altonas own
coal-to-liquids project at Arckaringa in South Australia.
Altona recently signed an agreement with CNOOC New Energy Investment Ltd
(CNOOC-NEI), a subsidiary of China National Offshore Oil Corporation
(one of Chinas three largest state owned oil companies), to evaluate,
with the view to developing and commercialising, its estimated 7.8
billion tonne coal resource (non-JORC standard) Arckaringa project.
The
agreement focuses on the development of this huge coal resource which is
of a quality ideal for conversion to Syngas and high value fuels and
chemical feedstocks, using existing commercial technologies, plus
low-cost and low-emission power.
The technology developed by Rentech is based on the Fischer-Tropsch
process, which is the same process that the Company plans to utilise
with CNOOC-NEI.
The alternative jet fuel produced using Rentechs
technology and carbon capture and sequestration, has a lower carbon
footprint as well as lower regulated emissions compared to traditional
jet fuel.
Production of similar synthetic fuel is only one of a
multiple product pipeline that is being considered by Altona and
CNOOC-NEI utilising the coal resources at Arckaringa.
For further information on Rentech (NYSE AMEX: RTK) visit
www.rentechinc.com .
* * ENDS * *
For further information visit www.altonaenergy.com
or please contact:
Christopher Lambert
Altona Chairman
Tel: +44 (0) 20 7024 8391
Christopher Schrape
Altona Managing Director
Tel: +44 (0) 20 7024 8391
Paul Youens
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Hugo de Salis
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177
Elisabeth Cowell
St Brides Media & Finance Ltd
Chaucer House
38 Bow Lane
London EC4M 9AY
T: +44 (0) 207 236 1177 | M: +44 (0) 7900 248 213 | F: +44 (0) 207 236
1188 | www.sbmf.co.uk
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