BioNitrogen approved to issue bonds for Florida plant
BioNitrogen Plant FL I, LLC, a wholly-owned subsidiary of BioNitrogen Corporation, announced that it received approval from the Board of County Commissioners of Hardee County on Nov. 1, 2012, for the Florida Development Finance Corporation (State of Florida) to issue up to $150 million in bonds for the construction of the Hardee County plant. A critical hurdle was cleared in the process of receiving a Major Special Exception that allows construction of the plant to proceed without re-zoning. As part of the process, the planning and zoning board issued its unanimous approval and recommendation of the Major Special Exception at a hearing held on the same date.
Construction on the site is slated to commence in early 2013. The proposed plant will be able to produce 15 tons of urea fertilizer per hour, or 124,200 tons annually.
"The County's approval sets the stage for the initiation of the construction process of what will be the first environmentally-friendly plant in the United States that converts biomass into urea fertilizer," said Carlos A. Contreras, President and CEO of BioNitrogen. "We are excited to be another step closer to providing domestically produced urea fertilizer for the North America market."
- New calculator can help soybean farmers with seed decisions
- U.S., Brazil close to ending cotton trade rift
- U.S.-Japan trade talks hit new farm exports snag
- Ag markets posted a general comeback Wednesday
- Midwest grain growers ‘Invest an acre to feed the world’
- Ag markets turned mixed around midsession Wednesday
- Activists fighting Golden Rice even more in 2014
- U.S. GMO labeling foes triple spending in first half of this year
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- East-West Seed signs marketing collaboration with Monsanto
- How much corn can the ethanol industry use?