BioNitrogen Commissions Biomass Feasibility Studies in Florida and Louisiana
January 09 2014 - 10:37AM
Marketwired
BioNitrogen Commissions Biomass Feasibility Studies in Florida and
Louisiana
WEST PALM BEACH, FL--(Marketwired - Jan 9, 2014) -
BioNitrogen Holdings Corp. (PINKSHEETS: BION), a cleantech
company that utilizes patented technology to build
environmentally-friendly plants that convert biomass into urea
fertilizer, announced today that it has funded BioResource
Management, Inc. to conduct feasibility studies for biomass
feedstock supply to the BioNitrogen plants in the states of Florida
and Louisiana.
BioResource Management, Inc. is a forestry, geography and
agriculture-based firm located in Gainesville Florida that focuses
on biomass resources and specializes in identifying, evaluating,
predicting and providing biomass supplies to its industrial
customers. Biomass feasibility studies are a key requirement
leading up to tax-free bond financing to ensure that plant sites
will be sustained by local biomass supplies.
"The biomass feasibility studies are a necessary prerequisite to
securing competitive feedstock agreements in each location and for
selling the bonds," said Ernie Iznaga, VP of Operations. "The
studies by BioResource Management will confirm the work to date on
the availability of biomass in Florida and Louisiana to provide
ample biomass feedstock supply for the plants. We are excited about
completing these studies and advancing the project. Both the
Florida and Louisiana studies are scheduled for completion in
February."
Interested biomass suppliers should contact BioResource
Management at www.bioresourcemanagement.com
About BioResource Management Inc. BioResource Management, Inc.
(BRM) is a forestry, geography and agriculture-based firm that
focuses on biomass resources -- organic material used for energy,
chemicals, and agricultural uses. Its personnel bring together over
forty years of experience in forestry, biomass production,
agriculture, and organic materials recycling.
www.bioresourcemanagement.com
About BioNitrogen Holdings Corp BioNitrogen Holdings Corp.
(PINKSHEETS: BION) is a cleantech company that utilizes patented
technology to build environmentally-friendly plants that convert
biomass into urea fertilizer. Our mission is to provide safe, cost
effective, green solutions that are economically beneficial in
locations where biomass is produced and urea is consumed.
Additional information can be found at www.BioNitrogen.com
Safe Harbor Statement The forward-looking statements contained
in this document involve risks and uncertainties that may affect
the Company's operations, markets, products, services, prices and
other factors as discussed in filings with the Securities and
Exchange Commission. These risks and uncertainties include, but are
not limited to, economic, competitive, legal, governmental and
technological factors. Accordingly, there is no assurance that the
Company's expectations will be realized. The Company assumes no
obligation to provide revisions to any forward-looking statements
should circumstances change, except as otherwise required by
securities and other applicable laws.
Contact Adam Friedman Principal Email Contact 917-675-6250
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