LOS ANGELES--(BUSINESS WIRE)--Rentech Nitrogen Partners, L.P. (NYSE: RNF) today announced that it has signed a long-term agreement with Tessenderlo Kerley, Inc. (TKI), the North American subsidiary of Brussels-based Tessenderlo Group, to supply TKI with ammonia produced from its East Dubuque, Illinois facility.
The ammonia will be used by TKI to produce TKI liquid fertilizer Thio-Sul®. TKI will lease property from Rentech Nitrogen adjacent to the East Dubuque fertilizer facility to build a new plant to manufacture the TKI liquid fertilizer Thio-Sul®.
TKI will own, construct, and operate the new production plant. Construction is expected to begin immediately upon receiving approval of necessary permits. When completed, the new plant will enhance TKI's position as the world’s largest producer of sulfur-based liquid fertilizers.
About Rentech Nitrogen, L.P.
Rentech Nitrogen (www.rentechnitrogen.com) was formed by Rentech, Inc. to own, operate and expand its nitrogen fertilizer business. Rentech Nitrogen’s assets consist of two fertilizer production facilities owned by its operating subsidiaries. The East Dubuque facility is located in the northwestern corner of Illinois, and uses natural gas as a feedstock to produce primarily anhydrous ammonia and UAN solution for sale to customers in the Mid Corn Belt. The Pasadena facility is located in Pasadena, Texas, along the Houston Ship Channel; it uses ammonia and sulfur as feedstocks to produce ammonium sulfate and ammonium thiosulfate fertilizers, and sulfuric acid. Rentech Nitrogen is the largest producer of synthetic granulated ammonium sulfate fertilizer in North America, with sales in the United States and internationally.
About Tessenderlo Group
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 5,000 people and is a leader in most of its markets, with a consolidated revenue of 1.8 billion EUR in 2013.
Tessenderlo Chemie NV is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TesBt.BR – Datastream: B:Tes
Forward-Looking Statements
This press release contains forward-looking statements about matters such as: TKI’s plans to construct and operate a new TKI liquid fertilizer Thio-Sul® plant. These statements are based on management’s current expectations. 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 Rentech Nitrogen’s prior press releases and periodic public filings with the Securities and Exchange Commission, which are available on Rentech Nitrogen’s website at www.rentechnitrogen.com. The forward-looking statements in this press release are made as of the date of this press release. Rentech Nitrogen 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.
