John Ambrose, Chief Operating Officer of Rentech Nitrogen, stated, “We are very forward in our thinking when it comes to implementing cost-effective programs to voluntarily improve our environmental footprint. We take pride in our environmentally conscious production of nitrogen fertilizer products for farmers in the Mid Corn Belt region of the U.S.”About Rentech Nitrogen Partners, L.P. Rentech Nitrogen ( www.rentechnitrogen.com) was formed by Rentech, Inc. to own, operate and expand its nitrogen fertilizer business. Rentech Nitrogen’s assets consist of a nitrogen fertilizer facility located in East Dubuque, Illinois, owned by Rentech Nitrogen, LLC, its operating subsidiary. The facility is located in the Mid Corn Belt in the northwestern corner of Illinois, adjacent to the Iowa and Wisconsin state lines, and produces primarily anhydrous ammonia and urea ammonium nitrate solution, using natural gas as its primary feedstock, for sale to customers in the Mid Corn Belt. About ClimeCo America Corporation ClimeCo America Corp., recipient of the 2010 Climate Action Reserve CARROT award for extraordinary work in climate action, is a leader in low carbon technology deployment and risk management services for industries regulated under California’s AB-32 program. In cooperation with its strategic partners, ClimeCo provides comprehensive expertise in a full range of clean energy and environmental technology projects. Bringing carbon market expertise together with comprehensive financing and project development, ClimeCo provides project owners with a start-to-finish solution, from envisioning the project to realizing real emission reductions and managing the entire process along the way. Visit www.climeco.com for more information. About Just Energy With a vision to revolutionize how our customers use energy, Just Energy is a leading competitive North American retailer of natural gas, electricity and green energy. With regional offices across Canada and the U.S., Just Energy serves 1.8 million residential and commercial customers through a wide range of energy programs and home comfort services. The company's simple and effective green energy options provide consumers with greater choice and control to help them reduce the environmental impact of their everyday energy use. Established in 1997, Just Energy is a publicly traded corporation (NYSE:JE and TSX:JE) and parent to affiliate companies: Amigo Energy, Commerce Energy, Hudson Energy, Hudson Energy Solar, National Home Services, Momentis, Tara Energy and Terra Grain Fuels. Visit www.justenergy.com to learn more. Also, find us on Facebook and follow us on Twitter. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50234074&lang=en
Rentech Nitrogen Partners, L.P. (NYSE: RNF) and ClimeCo America Corporation (ClimeCo America) jointly announced today that ClimeCo America will deliver 120,000 Climate Reserve Tonnes (CRT) to Just Energy (NYSE:JE and TSX:JE), a leading competitive North American green energy retailer. Measured as a unit of offset credits used by the Climate Action Reserve (CAR), one CRT is equal to one metric ton of greenhouse gases reduced or sequestered. The carbon credits will be delivered to Just Energy by ClimeCo over a five-year period. The carbon credits will be generated by Rentech Nitrogen as part of North America’s first voluntary tertiary Nitrous Oxide (N2O) abatement system constructed at the plant in East Dubuque, IL in the summer of 2011 under the leadership of ClimeCo America and Rentech Nitrogen. Nitrous oxide (N 2O) has a Global Warming Potential (GWP) of 310 versus carbon dioxide with a GWP of one. Every ton of N 2O destroyed by Rentech Nitrogen’s abatement system generates 310 tons of carbon dioxide equivalent credits (carbon credits). The abatement system was developed according to the high standards of the Climate Action Reserve Nitric Acid Protocol, which enables Rentech Nitrogen to decrease its carbon footprint while producing nitrogen fertilizer. CAR issues an identification number to each credit to record information such as the source of generation and the issuance date. With the sale of the carbon credits to Just Energy, Rentech Nitrogen will cover a significant portion of its project construction costs for the N 2O abatement system while Just Energy broadens its base of carbon offset projects. “Our investment in green energy and carbon offset initiatives such as this enables us to diversify our project portfolio and provide our customers with more choice in the projects they choose to support” says Ken Hartwick, Just Energy’s President and CEO. “To date, Just Energy has invested over $50 million in over 30 renewable energy and carbon offset projects across North America.” Just Energy will incorporate the carbon credits as part of their carbon offset programs for residential and commercial customers. The company offers green energy solutions through their JustGreen™ and JustClean™ programs that enable customers to offset up to 100% of the emissions associated with their everyday energy use through carbon offsets as well as renewable energy projects.