Rentench Asked For Grant Repayment

Posted on Tuesday, November 14, 2017 12:08 PM

The company operating a pellat plant in Atikokan is being asked to repay a portion of a grant it received two years ago from the Northern Ontario Heritage Fund.

Rentech recevied $4-million to assist with the opening of plants in Wawa and Atikokan.

The company shutdown its Wawa facility in February.

Rentech says the Heritage Fund Corporation is seeking repayment of $2.5 million dollars as a result.

The company says it was notified by the Heritage Fund this month that by not having the Wawa facility operating, it did not fullfull its commitments under the grant agreement.