SOURCE: BioNitrogen Corporation

BioNitrogen Corporation

August 15, 2013 11:51 ET

BioNitrogen Holdings Corporation Signs Agreement With the Casale Group for Ammonia and Urea Plant Technology

DORAL, FL--(Marketwired - Aug 15, 2013) - BioNitrogen Holdings Corporation (PINKSHEETS: BION), a cleantech company that utilizes exclusive technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has signed an agreement with the Casale Group of Switzerland to employ its ammonia and urea plant technology for BioNitrogen's first plant in Hardee County. Casale has either built or refurbished over 400 ammonia and urea plants worldwide and is a market leader in ammonia and urea technologies.

"Employing Casale's technology and existing designs will allow us to increase the plant's production capacity from 360 tpd (tons per day) to 520tpd, thereby improving the plant's economics significantly, said Bryan Kornegay Jr., President and CFO of BioNitrogen. "The technology will reduce both the investment per ton of production and the engineering time. We have partnered with Casale because it is the only company with such extensive in-house experience, expertise and technology in combined ammonia and urea plant technology, process and equipment design."

BioNitrogen's VP of Operations, Ernie Iznaga added, "We recently completed a comprehensive search for the best-in-class ammonia and urea technology providers and selected the Casale Group as having a very impressive combination of technology, in-house engineering capability, responsiveness and cost for our requirements. They are an excellent complement to the team and I'm very confident they will accelerate completion of the engineering."

"We are very happy to have been selected by BioNitrogen for this project and look forward to working with them on the first plant in Florida. Casale will be providing leading edge ammonia and urea technologies and design experience and are excited about moving the project forward," said Giuseppe Guarino, Casale Group CEO.

Casale joins a prestigious group of partners that include the CCC Group, which will construct the plant and AMEC, which is managing all the engineering for the project.

About Casale Group
Founded in 1923, the Casale Group is a Swiss-based global leader in the design and refurbishment of ammonia, urea, methanol and chemical facilities. Leveraging on the know-how and intellectual property developed in over 500 reference projects around the world, the Group has a unique expertise in ammonia, methanol and urea production. The Group's services include: technical audits -- advisory and consultancy services for improved plant performance; feasibility studies; licensing of proprietary technologies; basic and detailed engineering; project management; procurement services; plant construction management; plant commissioning, start-up and optimization; project contracting on a turn-key basis; after-sales technical services. For additional information, please visit www.casale.ch.

About BioNitrogen Holdings 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 Information

  • CONTACT:
    Adam Friedman
    Principal
    Adam Friedman Associates
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    (917)-675-6250