Tessenderlo Kerley, Inc. and Rentech Nitrogen Partners, L.P. sign agreement to enable construction of new Thio-Sul® manufacturing plant
BRUSSELS, Oct. 30, 2014 /PRNewswire/ -- Tessenderlo Kerley, Inc. (TKI), the north American subsidiary of Brussels-based Tessenderlo Group, has signed a long-term agreement with Rentech Nitrogen Partners, L.P. (NYSE:RNF) to lease property adjacent to Rentech Nitrogen's production facility in East Dubuque, Illinois for the purpose of building a new plant to manufacture the TKI liquid fertilizer Thio-Sul®.
The agreement creates an exclusive supply relationship for Rentech Nitrogen to provide ammonia to the new TKI manufacturing facility. Ammonia is a key ingredient in the production of 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 the TKI position as the world's largest producer of sulfur-based liquid fertilizers.
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
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.
Websites
www.rentechnitrogen.com
www.tkinet.com
www.tessenderlo.com
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SOURCE Tessenderlo Kerley, Inc.
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