EnviroTech :: Innovation
Rentech shutters R&D facility, citing weak outlook for alternative energy in US
10:45 AM MST | February 28, 2013 | Rebecca Coons
Synthetic fuel and fertilizer company Rentech (Los Angeles) says it will shutter its Commerce City, CO, product demonstration unit and eliminate all related R&D activities in order to focus on 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...
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