than the one in Fla.They have the wood as a waste,and plenty of money!!! With it´s huge EBITDA sure the company will be able to finance it´s part in these projects...
I jump in this ship for a long ride!!!
Saludos to all
>> 6 bpd pilot <<
I should have said a less than 1bpd pilot plant. From the recent RTK PR. 40,000gal in 1000day of operation.
*** Rentech operates a demonstration facility in Commerce City, Colorado, deploying its synthetic fuels technology that has produced over 150,000 litres (40,000 gallons) of certified synthetic fuels. ***
From a recent RTK PR...
*** Rentech currently expects that the Rialto Project will be designed to produce approximately 1200-1500 barrels per day of primarily certified renewable diesel or jet fuel from approximately 1000 tons per day of green waste. The final choice between production of jet fuel or diesel will be determined by the highest value that can be commanded for the renewable and low-carbon attributes of the fuels. ***
The conjunction "or" is used because a RTK fuel plant would be optimized to produce diesel/naphtha "or" jet fuel/naphtha...not both.
>> Star, the PDU makes diesel, jet fuel and naphtha. <<
Because it is a PDU and not a commercial plant. Rather easy to change the refining process at a 6 bpd pilot plant...and good reason to make all three at a pilot plant.
Rialto was diesel/naphtha...a specific refining process. Canada would be jet fuel/naphtha. The refining process chosen would optimize the product to be produced. 67% jet fuel/33% naphtha,to be used in Canada, is a very specific refining process.
What are the economics of this project??? This isn't in California. Doing a side-by-side comparison, some things would be missing.
1. Bigger than Rialto, but no electricity component. Expenses related to jet fuel aspect. $500 million total?
3. Canadian RFS incentives? Okay, how about renewable jet fuel incentives?
4. $1/gallon US tax credit?
5. Naptha incentives?
6. Low Carbon premium?
7. CO2 credits?
8. Do airlines have the money to pay a premium when jet fuel prices are high?
Does RTK BTL technology (gasification and FT) work well on a commercial scale?
Is management incentived for funding a project more than running it profitably for shareholders?
>> What are the economics of this project???
1. Bigger than Rialto, but no electricity component. <<
Rialto has no electricity component. The new revised Rialto project is fuels only. The Canada project would be 4 times as large a fuel project yielding some economy of scale.
>> 8. Do airlines have the money to pay a premium when jet fuel prices are high? <<
Apparently airlines serving Europe will pay a premium for low carbon fuel as the new European carbon regulations take hold.
>> Does RTK BTL technology (gasification and FT) work well on a commercial scale? <<
RTK BTL technology doesn't even work at pilot scale. This is what the ClearFuels/RTK pilot plant, now being built, will demonstrate and develop.
Canada thing seems like a pre-AGM timed announcement IMO. PSJ is much more imminent, and DOE I agree appears to be pretty certain. Not sure about the grant.. but I imagine we could find a way to do it either way.
Rialto is not dead.. I'd say it has better chances than the Canada thing and will be built sooner.
>> Better posibility of this canadian project than the one in Fla. <<
The PSJ project is the high probability project at this time... and the most immediate. PSJ depends on DOE loan guarantee....which is a fairly high probability event.
The White River project is at a much earlier stage.
Rialto appears to be dead at this time.