Rentech, Inc. (RTK)

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Rentech Rialto Energy Project Suspended due to lack of Financing

Rentech has announced that it has withdrawn its applications to the U.S. Department of Energy (DOE) for loan guarantees for its Rialto Project. Rentech applied under the DOE's Section 1705 loan guarantee program; however, Rentech was notified that its 1705 application had been placed on hold by the DOE, and it considered applying under the DOE’s Section 1703 loan guarantee program. Rentech recently stated that it would no longer pursue project financing for its projects from the DOE loan guarantee programs. Rentech now believes that project financing for the Rialto Project will be unavailable at feasible terms, and the project has been terminated.