Rentech, Inc. (NYSE:RTK) has release its fiscal year earnings for 2009. The company reported its revenue at $24.7 million. Revenues were down this quarter, compared to the $74.6 million earned during the same period of 2008. The revenue decline is attributed to lower fertilizer shipments than those made in fiscal 2008.
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Following the earnings release, the company hosted a conference call to discuss the financial results. A webcast of the presentation is available for replay on the company’s website, http://www.rentechinc.com/. The webcast will be on the Presentations page of the News and Events section of the site. To listen to an audio replay of the call, dial 800.633.8284, or 402.977.9140, and enter the reservation number 21443843.
Rentech, Inc. is focused on providing clean energy solutions. The Company is focusing on the deployment of the Rentech Process and the Rentech-SilvaGas biomass gasification technology (Rentech-SilvaGas Technology) through both licensing of its technology and development of facilities to produce synthetic fuels and chemicals, natural gas substitutes, and electric power from renewable and fossil feedstocks. The Rentech Process, based on Fischer-Tropsch chemistry, is a technology that converts synthesis gas (syngas), which can be manufactured from a variety of waste, biomass and fossil resources, into hydrocarbons. It also owns and operates a nitrogen fertilizer plant in East Dubuque, Illinois. On June 30, 2009, it acquired SilvaGas Holdings Corporation (SilvaGas). On June 23, 2009, it acquired 25% interest in ClearFuels Technology Inc. (ClearFuels).
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