Dallas, Texas 03/18/2014 (FINANCIALSTRENDS) – Rentech, Inc. (NASDAQ:RTK) has been in the midst of some shareholder trouble, in the recent weeks. Activist shareholders have been vociferous in demanding the management to defer all new stock as well as other fund raising activities until the Company’s Annual Meeting is completed.
Shareholders have forged a Concerned Rentech Shareholders group, to hold sway over Rentech management following the spate of loss-making initiatives in the recent quarters.
These are perhaps related to the latest spree of sales Rentech made to prune the size and growth of the company. Rentech has sold the biofuel segment to one to a Chinese group, since the management believes there is better future for the company in the wood chip as well as the wood pellet division. The nitrogen fertilizer manufacturing business too is regarded as a major investment area for the company.
Rentech, Inc. (NASDAQ:RTK) is a $ 419.61 million market cap company which is engaged in developing energy solutions which are environmentally sustainable.
Rentech, Inc. (NASDAQ:RTK) operates from its offices in Los Angeles and owns subsidiaries which have since sold tracts of land in the Mississippi region. The company owns and operates a nitrogen fertilizer plant located in East Duibuque, Illinois. In these parts, Rentech manufactures and sells natural gas-based nitrogen fertilizer products. Besides, Rentech definitely holds expertise in a host of other energy-production related processes and systems.
Rentech, Inc.(NASDAQ:RTK) is also engaged in developing technologies which produce synthesis gas(syngas) in which biomass as well waste materials are used as resources to produce clean electricity/energy. The company also holds production technologies for gasification as well as complex hydrocarbons. These are collectively called as Rentech Process. Following the gasification stage, the fuels are upgraded to fuel stage by the use of further refining technologies. Rentech also has in place a licensing system for its technologies.