I'm wondering what you think about the Rentech stock symbol (RTK) coal to liquids conversion plant in East Dubuque, Illinois. If you've seen the site, or have heard any news about them, let me know about what you know.
Thanks.
2006-07-16 16:32:16 · 1 answers · asked by rockyes1 1 in Local Businesses ➔ United States ➔ Other - US Local Businesses
I'm reading some about them, and was surprised, with how tight the Illinois budget is supposed to be, that Blagojevich gave them a half million dollar award to "retain and increase produtivity". Am enclosing a blurb I found, which descriv=bes this well politically-connected partnership with Royster-Clark:
Agrium Inc. (TSX: AGU) (NYSE: AGU) and Rentech, Inc. announced today that Rentech has completed the purchase of Royster-Clark Nitrogen, Inc. from Royster-Clark, Inc., a wholly-owned subsidiary of Agrium for approximately $70-million. The sale includes the East Dubuque nitrogen facility and associated working capital. The sale price was $50-million in cash plus approximately $20-million for the net working capital acquired at closing.
"The East Dubuque nitrogen facility is an 830-ton ammonia per day natural gas-fed nitrogen fertilizer plant located in East Dubuque, Illinois. Rentech intends to convert the facility's feedstock from natural gas to coal. Agrium has been appointed the exclusive distributor of the anhydrous ammonia, UAN solutions, nitric acid and granular urea manufactured at the facility for agricultural and industrial use in the U.S., as part of a related 10-year distribution agreement. "
2006-07-21 08:17:10 · answer #1 · answered by bigheadbride 6 · 1⤊ 0⤋