Rentech Inc. (RTK), a U.S. supplier of wood pellets and nitrogen fertilizer, sold about 450 acres of land in Mississippi where it had planned to build a renewable-energy project.
Adams County, Mississippi, paid $9 million for the land, Los Angeles-based Rentech said in a statement yesterday. The company shut in February its biofuel research unit that was developing systems to convert cellulosic biomass into synthetic gas.
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