R&D expenses incurred in the alternative energy segment during the six months ended June 30, 2012 were $9.1 million, compared to $14.4 million for the comparable period in the prior year. The decrease in R&D expenses resulted primarily from a decrease in costs related to the Rentech-ClearFuels gasifier of approximately $5.8 million, which was partially offset by a decrease in reimbursements of costs related to the gasifier from the DOE of approximately $1.6 million.Average sales price per ton for Rentech Nitrogen’s primary products, ammonia and UAN, increased 9% and 25%, respectively, over the same period last year. Higher product prices were partially offset by decreased sales volume for UAN as described above.
Rentech Reports Results For Second Quarter 2012
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