OPERATIONS

Methanol facility back on market

Rentech, developer of a gas-to-liquids process, has announced that its 50% owned company Sand Cre...

Rentech stated that a one-week extension was given to the unnamed buyer who paid a non-refundable US$100,000 for the 'Stand Still' agreement on the property. Since then it has not been able to secure the total funding necessary to purchase and retrofit the plant for its own use.

The buyer has continued to express its interest in purchasing the property, however Sand Creek Energy said 'it is in its best interest to terminate the agreement and to accept offers from other interested parties'.

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