Rentech Nitrogen Partners, L.P. (NYSE:RNF) is a limited partnership that was created by Rentech (RTK), a nitrogen fertilizer and clean energy company. The partnership was formed to run the nitrogen fertilizer plant in Illinois. The facility is surrounded by corn farms which use the fertilizers to improve their crop yields. The facility uses natural gas to produce a variety of nitrogen based fertilizers such as anhydrous ammonia and urea ammonium nitrate.
For the full year 2010, ended at the end of September, the company reported a total revenue of $131.4M. The company also reported an operating income of $20.4M. The company expects revenue for the full year 2011, ended in September, to be between $178M and $180M. RNF expects that operating income for the same period will be between $69M and $70M. 
The company's initial public offering of stock on the NYSE occurred on November 3, 2011. The company offered 15M shares each for $20. This was at the midpoint of the $19-$21 price range. The deal raised a total of $300. The lead mangers of the deal were Morgan Stanley and Credit Suisse.
Rentech Nitrogen Partners, L.P. performance relies crucially on the US agricultural market. In particular, trust's performance is based on the corn industry in central America. The company's sole facility is located and Illinois, and due to the nature of nitrogen fertilizers, transporting them long distances is not feasible. This means that a downturn in the agriculture in the region or a move to other crops which do not require nitrogen fertilizers would heavily impact Rentech Nitrogen.