NATCHEZ — On Oct. 3 when the Emergency Stabilization Act went into effect one local, yet to be developed, business got a big financial benefit.

The act, more commonly referred to as the bailout bill, had several provisions that Rentech administrators said will benefit their company.

The act expands the alternative fuel tax credit to include aviation fuel, doubles the renewable diesel tax credit to $1, expands investment tax credits to include companies that use coal gasification, like Rentech, and creates a carbon capture credit that will benefit Rentech’s selling of carbon dioxide for secondary oil sequestration.

For many, that list of benefits may not sound like much, but for a company focused on alternative fuel production it’s good news.

Rentech Senior Vice President of Senior of Corporate Communications and Government Affairs Tom Sayles said Rentech views the provisions in the bailout bill as good signs for the future.

“It make the economics look more attractive,” he said.

Sayles said the money the company will be able to save in credits will make their plant development more affordable.

In recent months, Rentech purchased the old International Paper site to develop a fuel production facility.

Current cost estimates for the project give the facility an approximate price tag of $4.5 billion.

Sayles and the company’s CEO both said the new provisions also show Washington’s support for Rentech’s development of alternative fuels.

Rentech President and CEO Hunt Ramsbottom said the act’s passage demonstrates Washington’s commitment to aid alternative fuel development and lessen the nation’s dependence on foreign oil.

And Sayles said since both presidential candidates have expressed interest in developing alternative fuel production, he’s particularly hopeful for the company’s future.