Rentech, Inc. (NASDAQ: RTK) has 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.
Julie Dawoodjee Cafarella, 310-571-9800
Vice president of Investor Relations and Communications