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.