Rentech Nitrogen Partners, L.P. Achieves Key Operational Milestones at
LOS ANGELES -- March 3, 2014
Rentech Nitrogen Partners, L.P. (NYSE: RNF) today announced the achievement of
key milestones for the ammonium sulfate (AS) debottlenecking project at its
Pasadena Facility. With the achievement of these milestones, the commissioning
phase of the project is now complete.
The plant now produces ammonium sulfate at an average instantaneous rate of
2,100 tons per day, the targeted rate for the project. The increased rate
represents a 20% increase from the plant’s previous nameplate production
capacity. In addition, on-stream rates and plant reliability have improved,
and the quality of ammonium sulfate is the highest since the facility began AS
production in 2011.
John Diesch, President of Rentech Nitrogen, commented, “We are extremely
pleased with the improved operating performance of the Pasadena Facility since
the completion of the debottlenecking project. Importantly, we expect work
completed during the debottlenecking project to drive lasting improvements in
the plant’s operating performance, reliability, and product quality.” Mr.
Diesch added, “We are seeing repeat customers after our first full year of
production, and as a result of better liquidity in the domestic market, we are
contracting sales at a faster pace compared to last year.”
Safe Harbor Statement
This press release contains forward-looking statements about matters such as
rates of production, quality of product, and overall reliability of the
Pasadena Facility, as well as the market for AS. 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 Partnership’s prior press releases and
periodic public filings with the Securities and Exchange Commission, which are
available via 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 and 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.
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, and 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.
Rentech Nitrogen Partners, L.P.
Julie Dawoodjee Cafarella
Vice President of Investor Relations and Communications
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