East Dubuque, Ill.-Rentech Development Corp. and Peabody Electricity LLC, a wholly-owned entity of Peabody Energy, have entered into a joint development agreement for the co-development of two Coal-to-Liquids (CTL) projects, which will be located on Peabody reserves. The projects will convert coal into ultra-clean transportation fuels using Rentech’s proprietary Fischer-Tropsch CTL process. The agreement represents Peabody Energy’s initial activities to develop CTL projects in the U.S. The companies intend to make use of Peabody’s reserves in Montana and the Midwest, and will evaluate a mine-mouth project model to maximize cost and transportation advantages. One project is targeted for production of 10,000 barrels per day of transportation fuels, while the other is projected to produce up to 30,000 barrels per day.
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