DORAL, FL--(Marketwired - Apr 10, 2013) - BioNitrogen Corporation (
In 2013, BioNitrogen expects to receive at least 30,000 tons of biomass from mining and other sources every two months at the Hardee County plant site.
"It's important that we demonstrate our ability to manage the logistics and processing of large quantities of biomass in this pre-construction phase. We intend to process the wood and either store it or sell it to generate revenue prior to ground breaking and construction of the plant," said Ernie Iznaga, Operations Manager for BioNitrogen.
"We are pleased about yet another important step in BioNitrogen's progress," said Bryan Kornegay, Jr., President and CFO of BioNitrogen. "Most of the trees in rural phosphate mining areas such as Hardee County are burned, so this is also a great opportunity for BioNitrogen to promote sustainability in Florida and a new revenue stream pre-plant production."
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About BioNitrogen Corporation
BioNitrogen Corp. (
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
(212) 981-2529