BioNitrogen Receives Allocation of $300 Million to Issue Tax-Exempt Bonds for Initial BioNitrogen Plant in Pointe Coupee Pari...
18 10월 2013 - 1:47AM
OTC Markets
BioNitrogen Receives Allocation of $300 Million to Issue Tax-Exempt
Bonds for Initial BioNitrogen Plant in Pointe Coupee Parish, LA
BioNitrogen Receives Allocation of $300 Million to Issue Tax-Exempt
Bonds for Initial BioNitrogen Plant in Pointe Coupee Parish, LA
WEST PALM, FL--(Marketwired - Oct 17, 2013) - ?BioNitrogen
Louisiana Holdings, LLC, a wholly-owned subsidiary of BioNitrogen
Holdings Corp (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
been awarded $300 million of allocation to issue tax-exempt bonds
for the acquisition, development and construction of the initial
plant in Pointe Coupee Parish, Louisiana.
The $300 million allocation represents part of the $1.25 billion
bond issue, which BioNitrogen has already received approval on from
the Louisiana State Bond Commission.
"This allocation from the State of Louisiana represents an
important milestone in our development and moves us one step closer
to making our first plant in Louisiana a reality. We are very
excited to move forward on the Louisiana plant and leverage the
engineering from the initial plant in Florida," said Bryan
Kornegay, Jr., President and CFO of BioNitrogen.
About BioNitrogen Holdings Corp
BioNitrogen Holdings 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.
BioNitrogen (CE) (USOTC:BIONQ)
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