BioNitrogen Signs Granherne, a KBR Company, to Begin Engineering Contract of Inaugural Urea Plant
(firmenpresse) - MIAMI, FLORIDA -- (Marketwire) -- 03/02/12 -- BioNitrogen Corp. (PINKSHEETS: BION) ("BioNitrogen" or the "Company") is a developer of revolutionary patent-pending technology for converting renewable biomass waste into high-nitrogen urea and urea fertilizer.
The Company is pleased to announce today that it has contracted Granherne, Inc. ("Granherne", a wholly-owned subsidiary of KBR Inc. "KBR") for the engineering development of the inaugural urea plant in Lubbock, Texas.
It is anticipated that the project will take about twelve (12) weeks in duration at a cost of approximately $380,000 and will establish finalized guidelines and templates for BioNitrogen's Urea Production Plants worldwide.
Granherne's scope of work for the Basic Engineering will be to incorporate BioNitrogen's existing patent pending engineering and technical work to establish the next-steps and protocols required for BioNitrogen to construct their planned Lubbock Fertilizer Plant for producing nitrogen urea from organic biomass.
Granherne Inc., an affiliate company of KBR, provides consulting services to the energy, power, chemicals, manufacturing, and industrial sectors. Granherne's senior technical staffs are supplemented by KBR's worldwide commercial, technical, construction, and management resources. This allows Granherne to provide competitive, specialized, consulting services supported by the depth and breadth of KBR's resources.
Granherne has successfully completed over 3,000 studies and projects worldwide for energy companies and financial institutions with experience spanning all types of projects, both new developments and enhancements to existing assets. KBR has a history of involvement with all facets of gasification, from technology development, to the engineering, procurement, and construction of gasification facilities.
The engineering will be carried out by Granherne and KBR process engineers with experience in gasification, ammonia and urea synthesis and plant integration, supported by KBR experts in acid gas removal and other specialties, who are available to advise as needed.
"Granherne is one of the world's most foremost engineering consultancies specialising in the energy industry. Their experience includes the full range of technology, feedstocks, and products. We selected them because we felt they had a unique history providing complete perspectives for this project, including the gasification technology, power integration, and project development." states Dr. James L. Simonton, BioNitrogen's Chief Engineering Officer. "Also pertinent is their international infrastructure and their ability to service our needs not only here in the United States, but internationally as well."
About KBR Inc.
KBR Inc. (KBR) is headquartered in Houston, Texas, also known as the energy capital of the world. The Company employs over 35,000 people worldwide in locations that include the U.S., Australia, Africa, the U.K., Asia and the Middle East. KBR delivers a wide range of services through its Downstream; Gas Monetization; Infrastructure and Minerals; International Government, Defense and Support Services; North American Government and Logistics; Oil and Gas; Power and Industrial; Services; Technology; and Ventures business segments, and differentiates itself as a technology-driven engineering, procurement and construction (EPC) company.
KBR has built a proud history and a leading market position in the government and infrastructure sectors by being a low-cost, high-efficiency and absolutely reliable service provider. Not only is KBR the largest contractor for the United States Army and a top-ten contractor for the U.S. Department of Defense, it is currently the world's largest defense services provider.
KBR is also an industry leader in transforming hydrocarbon resources into value across all sectors of the energy and chemicals industries. By designing and constructing energy and petrochemical projects that offer the latest and best process and design technologies, we have established a solid position as a partner to oil and gas operators in meeting the ever-increasing demand for energy.
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About BioNitrogen Corp.
BioNitrogen Corp. (BION) is an entrepreneurial, American company that has been established to design and to build fully operational, turnkey manufacturing facilities to produce urea. BioNitrogen is undertaking these efforts in response to the challenges presented by an ever expanding world population, a rapidly increased need for food production, and an awareness of the fragility of the world's environment.
The Company's innovative, patent-pending technologies transform residual agricultural waste and other biomass materials into high-quality bulk urea (a white, crystalline solid containing 46% nitrogen), which are principally used in the agricultural industry as a crop fertilizer, and sold to both agricultural wholesalers and retailers. The modular plant has a design capacity capable of manufacturing up to 15 tons of urea fertilizer per hour for a total annual production of up to approximately 124,200 tons per plant.
BioNitrogen is headquartered in Miami, Florida, USA and trades on the over-the-counter pink current information tier under the stock symbol BION. Learn more at .
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Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - This press release contains forward-looking statements, including without limitation statements about the operations and future prospects for BioNitrogen Corp. (the "Company"). Forward-looking statements in this press release should not be viewed as pledges or undertakings regarding future performance. These forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to vary materially from those anticipated. The Company cautions the reader not to place too much reliance upon any such forward-looking statements, because such forward-looking statements reflect the opinions and beliefs of the Company only as of the date when they were made. Factors that may cause actual results to differ materially from the forward-looking statements contained in this release include, among others, the following: (i) the Company's future operational, financial or marketing performance; (ii) the ability of the Company to bring new products to market that are complementary to the products that the Company currently produces; (iii) the ability of the Company to increase or maintain profit margins on the products it offers to the marketplace; (iv) the strength of the Company's product development pipeline; (v) the Company's growth and profitability prospects; (vi) the estimated size and growth prospects of the natural fertilizer market; (vii) the Company's competitive position in the natural fertilizer market and its ability to take advantage of future opportunities in this market; (viii) the benefits of the Company's products to be realized by customers; (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures; and (x) a reduction in the cost of natural gas or other inputs that may make the cost of producing urea using alternate methods less expensive compared to the cost of producing urea at one of the Company's plants. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made. The Company does not have any obligation to update forward-looking statements should circumstances change or should management's beliefs or opinions change.
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