Less than 90 days after Rentech announced it would voluntarily withdraw the company’s common shares from listing on the Nasdaq Capital Market, the company has filed for bankruptcy, and sold off the bulk of its assets, including one of its Ontario wood pellet plants, and U.S. wood pellet business New England Wood Pellet. Rentech’s Wawa, Ontario, pellet plant has been plagued with operational issues over the past couple of years, resulting in contract shortcomings to pellet customer Drax, which has converted three of six units at its North Yorkshire, England, power station to ...
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