Agrium and Rentech Move Forward on Sale of East Dubuque Fertilizer Plant
Rentech announced in November 2005 that its wholly owned subsidiary, Rentech Development Corporation, had signed a definitive agreement with Royster-Clark, Inc. for the sale of its 830-ton per day natural gas-fed nitrogen fertilizer plant in East Dubuque, Illinois for $50-million. Upon close of the transaction, Royster-Clark will be appointed the exclusive distributor for the sale, purchase and resale of anhydrous ammonia, UAN solutions, nitric acid and granular urea manufactured at the plant for agricultural and industrial use in the United States, all subject to the terms of a distribution agreement.
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