DORAL, FL--(Marketwired - Jul 8, 2013) - BioNitrogen Corporation (
"We are very excited to have secured this important strategic property," said Bryan Kornegay Jr., President and CFO of BioNitrogen. "This contiguous 245-acre parcel is unique in that it is adjacent to the Pointe Coupee Parish port terminal which will provide us turnkey operational capacity and open access to the Mississippi River, Red River and Atchafalaya River systems. The land is surrounded by significant forestry biomass within a 75 mile radius on three sides and agricultural biomass to the south. The site provides excellent road and barge transportation access with ample land for biomass accumulation, construction of up to five plants and expansion of value added businesses such as urea coating and blending."
Closing is scheduled for the fourth quarter of 2013. Construction on this site for the initial Louisiana plant is scheduled to be performed by CCC Group and is slated to commence in the fourth quarter of 2013.
About BioNitrogen Corporation
BioNitrogen Corp. (
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.
Contact Information:
CONTACT:
Adam Friedman
Principal
Adam Friedman Associates
(917)-675-6250