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.