Bion Environmental receives first LOI for OMRI Listed nitrogen fertilizer

Bion Environmental (BNET) has received the first Letters of Interest for its OMRI Listed nitrogen fertilizer, from two of the largest distributors of organic fertilizers on the West Coast. Perfect Blend has executed an LOI for 50,000 gallons at $7.00 per pound, FOB at Bion’s initial fertilizer production facility. Perfect Blend’s headquarters are in Bellevue, Washington, and they have offices across the USA and increasingly in places around the world. They lead in the research, development, and manufacturing of focused nutrition biological fertilizers and are highly regarded for quality and service. Yield RMG has executed an LOI for 100,000 gallons at $7.00 per pound, FOB at Bion’s initial fertilizer production facility. Yield RMG is headquartered in Hollister, California, near the heart of California’s robust specialty and organic crop production. They are committed to empowering agribusinesses that embrace organic and sustainable practices and dedicated to pioneering change in three pivotal sectors: organic and sustainable agriculture, renewable energy, and water and waste treatment. The LOIs are for Bion’s OMRI Listed 10-0-0 liquid nitrogen fertilizer. They are non-binding agreements until Bion identifies and commences development of projects to supply the products. At that time, delivery timelines and production capacity can be determined, and the next steps will be to execute term contracts to reserve future production volumes. Bion is very encouraged by early interest in its technology, from engineering and construction firms, to implement projects in the biogas industry.