Rentech Increases Forecast for Fertilizer Segment

Rentech, Inc. RTK today announced that it has increased its projection of EBITDA for fiscal year 2011 for its wholly-owned nitrogen fertilizer subsidiary, Rentech Energy Midwest Corporation, to approximately $75 million, from the previous projection of at least $60 million. REMC is benefiting from continuing strong fertilizer demand and pricing as well as low input costs. As of March 31, 2011, REMC has delivered, or signed contracts with fixed prices for the sale of, more than 75% of REMC's forecasted deliveries for the fiscal year that will end September 30, and has already purchased or contracted at fixed prices for the natural gas required to produce that product. Because such a large portion of the year's projected contribution margin has been pre-contracted, Rentech is confident in projecting record EBITDA at REMC of approximately $75 million for the fiscal year. Rentech has also increased its projection of REMC's operating income for fiscal year 2011 to approximately $65 million from the previous forecast of at least $50 million.