Rentech Provides Updates on Canadian Pellet Plants
November 18 2015 - 8:15AM
Business Wire
Rentech, Inc. (NASDAQ: RTK) today provided an update on its wood
pellet production facilities in Ontario, Canada.
The Atikokan facility achieved record production of
approximately 1,850 metric tons of pellets for the week ended
November 14th. The plant’s design capacity is 110,000 metric tons
per year, or 2,115 metric tons per week.
The Wawa facility resumed pellet production this past Friday,
having been offline to modify the log in-feed system and complete
the most critical phase of its conveyer replacements. Wawa has been
operating at approximately 30% of design capacity since coming
online, and is again shipping pellets to the port of Quebec, for
delivery to Drax. We expect to complete the second phase of
conveyance replacements at Wawa in the first quarter of 2016, with
the goal of operating at full capacity in the second half of the
2016.
About Rentech, Inc.
Rentech, Inc. (NASDAQ: RTK) owns and operates wood fibre
processing, wood pellet production and nitrogen fertilizer
manufacturing businesses. Rentech offers a full range of integrated
wood fibre services for commercial and industrial customers around
the world, including wood chipping services, operations, marketing,
trading and vessel loading, through its subsidiary, Fulghum Fibres.
The Company’s New England Wood Pellet subsidiary is a leading
producer of bagged wood pellets for the U.S. heating market.
Rentech manufactures and sells nitrogen fertilizer through its
publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE:
RNF). Please visit www.rentechinc.com and www.rentechnitrogen.com
for more information.
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 the operating performance of our Canadian
wood pellet facilities and the timing for bringing our Canadian
wood pellet plants to full capacity. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118005946/en/
Rentech, Inc.Julie Dawoodjee Cafarella, 310-571-9800Vice
president of Investor Relations and Communicationsir@rentk.com
Rentech, Inc. (NASDAQ:RTK)
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