SOURCE: BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp.

January 13, 2014 09:23 ET

BioNitrogen Receives Final Engineering Feasibility Studies From the Casale Group

WEST PALM BEACH, FL--(Marketwired - Jan 13, 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 the Casale Group has finished the engineering feasibility studies for its portion of BioNitrogen's plants.

The feasibility reports are detailed basic engineering packages that describe elements of the ammonia and urea plants such as design capacities, production outputs, process flow diagrams and equipment lists. It is the prerequisite information required to properly estimate the cost of the plants. This information will be integrated into the rest of the plant design by the CCC Group and AMEC as the design of the overall plant nears completion.

"Casale's reports demonstrate tremendous 'behind-the-scenes' progress over the last few months that significantly advance the project forward. The next steps for Casale are to begin the initial cost estimates for the ammonia and urea equipment necessary for EPC funding," said Ernie Iznaga, VP of Operations at BioNitrogen.

Recently, the company announced that it has funded BioResource Management, Inc. to conduct feasibility studies for biomass feedstock supply agreements to the BioNitrogen plants in the states of Florida and Louisiana.

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.

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