2013-01-14 15:54:20 -
DORAL, FL -- (Marketwire) -- 01/14/13 --
BioNitrogen Corporation : ctt.marketwire.com/?release=973917&id=2476213&type=1& ..
(PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that Granherne, Inc., a KBR company, and PRM Energy Systems, Inc. ("PRME") have completed the conceptual engineering and initial feasibility study for its first plant in Hardee County, Florida.
BioNitrogen : ctt.marketwire.com/?release=973917&id=2476216&type=1& ..
has been working with Granherne, Inc. on the design of the plant, which includes the PRME gasification systems. "Granherne's global engineering expertise, procurement resources and U.S. construction capabilities are on track to provide solid engineering development for BioNitrogen : ctt.marketwire.com/?release=973917&id=2476219&type=1& ..
," said Dennis Calton, President, KBR Oil & Gas.
For the next phase of FEED (Front End Engineering Design) and EPC (Engineering, Procurement & Construction), the project will be executed out of KBR's Delaware-based operations, which is a KBR center of excellence for Bio Based Chemicals and Fuels.
"We are confident in BioNitrogen's model and excited to move forward in the process," said Mr. Ron Bailey, Jr., President, PRM Energy Systems, Inc. "We've established a design basis for the project with system sizes, configurations, utility requirement, instrumentation, schedules and pricing."
Commenting on the news, Carlos Contreras, CEO of BioNitrogen, said, "The completion of the initial feasibility study and conceptual engineering by both Granherne and PRME are a major step in our ability to move to the next critical level of plant construction."
About BioNitrogen Corporation
BioNitrogen Corp : ctt.marketwire.com/?release=973917&id=2476222&type=1& ..
. (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 : ctt.marketwire.com/?release=973917&id=2476225&type=1& ..
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.
Adam Friedman, Principal
Adam Friedman Associates
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