Rentech to close down product demonstration unit

March 1, 2013 |

In California, Rentech plans to cease operations at, reduce staffing at, and mothball its R&D Product Demonstration Unit, in Commerce City, CO, and to eliminate all related R&D activities. Its strategy is focused on more immediate growth opportunities within the energy industry that do not rely on new technologies. The Company’s focus on nearer-term profitable growth opportunities is a direct result of the high cost to develop new technologies relative to current energy prices and lack of government incentives and regulations supporting alternative energy, particularly within the United States, which have made it difficult for Rentech and other alternative energy companies to commercialize their technologies.

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Category: Fuels

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