News & Media

We invite you to follow our progress as we move forward in the completion and installation of our first high-efficiency,environmentally responsible urea manufacturing plants. Subscribe today to receive news, updates and investor alerts.

Press Releases

Plant Construction Updates

Sign Up for
Investor Alerts

press releases

BioNitrogen Receives Florida Governor’s Approval to Allocate up to $175 Million in Tax Free Bonds

  • Bion User
  • February. 19, 2013

DORAL, FL, Feb 19, 2013 (MARKETWIRE via COMTEX) — BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has received approval from the Florida Governor to issue up to $175 million of tax exempt bonds. The bond offering is slated for completion in early 2013.

“The completion of the bond issuance process is another significant milestone for BioNitrogen,” said Bryan Kornegay, Jr., President and CFO of BioNitrogen. “The Governor’s action now clears the political path for issuing the bonds. In the interim, we are working to get the remaining air and water permits completed for construction and coordinating with KBR’s Delaware-based operations, which is a KBR center of excellence for Bio Based Chemicals and Fuels, to initiate plant design.”

Construction on the site is slated to commence in early 2013. The proposed initial plant will be able to produce 15 tons of urea fertilizer hourly, totaling 360 short tons daily or 124,200 tons annually.

About BioNitrogen Corporation BioNitrogen Corp. (PINKSHEETS: BION) is a cleantech company that utilizes proprietary 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
Adam Friedman Associates
Email Contact
(212) 981-2529

Downloads

2014 Investor Fact Sheet

Investor Alerts

Please provide us with your email address to receive investor alerts and other news.

Investor Relations Contact

Molly Nuland

Pentant LLC
(203) 553-9825

BION@pentant.com

Select Language