Bion Environmental announces third organic fertilizer offtake commitment

Bion Environmental (BNET) Technologies announced a new offtake Letter of Interest for 100,000 gallons of its advanced organic and low-carbon nitrogen fertilizer. The offtake is for Bion’s OMRI Listed 10-0-0 Liquid AB nitrogen fertilizer. Liquid AB is one of a new breed of immediately-available organic nitrogen fertilizers recovered from the ammonia freed up during biogas production. These premium specialty fertilizer products can help growers close the organic ‘yield gap’ that comes from less available nitrogen and allow them to shrink their carbon footprint, as well. The LOI is with a large integrated U.S. agribusiness concern that has requested confidentiality at this time. Pricing is $7.00 per pound of nitrogen, FOB from Bion’s initial fertilizer production facility, with the specific location to be determined. Bion’s 10-0-0 Liquid AB is 10% nitrogen by weight, so that 100,000 gallons will contain approximately 84,000 pounds of nitrogen.