Sun Herald. Rentech is planning to build a new coal-to-liquids (CTL) plant in Adams County, Mississippi by 2010. The estimated cost is between $650 million and $750 million.
This is its second announced major plant, coming shortly after the company announced the acquisition of a nitrogen plant in Illinois which it plans to convert into a polygeneration facility, using gasified coal to produce power, Fischer-Tropsch fuels and fertilizer. (Earlier post.)
Adams County, home to Natchez, sits on the east bank of the Mississippi River, and Rentech would bring Illinois coal down the river as the feedstock.
According to Mark Koening, Director of Investor Relations at Rentech, the plant will produce a certain amount of export power along with the F-T fuels. The company is not yet releasing details on the plant, as some elements still need finalization with the county.
Rentech CEO Dennis Yakobson was a speaker at the just-concluded ASPO USA Denver World Oil Conference, and laid out his case for CTL/GTL as near-term viable solutions, depending upon proximity to the feedstock resources.
(For a conference report on the Denver World Oil Conference, see The Oil Drum.)