Rentech's Rialto Renewable Energy Project Proceeds to Due Diligence Phase

Rentech, Inc. RTK announced today that the U.S. Department of Energy Loan Guarantee Program Office has selected Rentech's loan guarantee application for its proposed Rialto Renewable Energy Center for due diligence review. Rentech applied in February of 2010 for a loan guarantee for the Rialto Project as an advanced bio-refinery under the Section 1705 Title XVII Loan Guarantee Program. With the selection for due diligence, the LGPO is initiating discussions with Rentech regarding detailed due diligence, the negotiation of terms and conditions of a potential loan guarantee, NEPA compliance and all other issues necessary for the LGPO to consider the issuance of a conditional commitment and, potentially, a loan guarantee for the Rialto Project.