Rentech, Inc. (NASDAQ: RTK) announced today that a subsidiary of the
Company has closed the sale of approximately 450 acres in Natchez,
Mississippi to Adams County, Mississippi for proceeds of approximately
$9 million.
D. Hunt Ramsbottom, President and CEO of Rentech, said, “The sale of the
Natchez site is consistent with our stated intention to dispose of our
non-core alternative energy related assets.” Mr. Ramsbottom continued,
“We remain focused on the significant opportunities within our newly
launched wood fibre processing business as well as growth in our
nitrogen fertilizer business.”
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com)
owns and operates wood fibre processing and nitrogen fertilizer
manufacturing businesses. The wood fibre processing business consists of
the provision of wood chipping services and the manufacture and sale of
wood chips, through a wholly-owned subsidiary, Fulghum Fibres, Inc., and
the development of wood pellet production facilities. Rentech’s nitrogen
fertilizer business consists of the manufacture and sale of nitrogen
fertilizer through its publicly-traded subsidiary, Rentech Nitrogen
Partners, L.P. (NYSE: RNF). Rentech also owns the intellectual property
including patents, pilot and demonstration data, and engineering designs
for a number of clean energy technologies designed to produce certified
synthetic fuels and renewable power when integrated with third-party
technologies.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995 about matters such as
growth opportunities within the Company’s wood fibre processing and
nitrogen fertilizer businesses. These statements are based on
management’s current expectations and actual results may differ
materially as a result of various risks and uncertainties. Other factors
that could cause actual results to differ from those reflected in the
forward-looking statements are set forth in the Company’s prior press
releases and periodic public filings with the Securities and Exchange
Commission, which are available via Rentech’s website at www.rentechinc.com.
The forward-looking statements in this press release are made as of the
date of this press release and Rentech does not undertake to revise or
update these forward-looking statements, except to the extent that it is
required to do so under applicable law.
Copyright Business Wire 2013