Bion and Kimmeridge Execute Memorandum of Understanding

Core Insights - Bion Environmental Technologies, Inc. has signed a Memorandum of Understanding (MOU) with Kimmeridge Energy Management Company to explore the application of Bion's ammonia recovery technology at a Renewable Natural Gas (RNG) facility [1][2] Group 1: Partnership and Collaboration - The MOU establishes a framework for Bion and Kimmeridge to share costs and collaborate on various aspects including engineering work, fertilizer sample production, testing, agronomic validation, lifecycle analysis, and commercial planning [2] - Bion has granted Kimmeridge a limited Right of First Refusal on a significant equity investment in the company, at a premium to the current market price, during the evaluation period [2] Group 2: Technology and Product Offering - Bion's ammonia recovery technology isolates ammonia-nitrogen from digestate after biogas production and bonds it with CO₂ captured during RNG upgrading, creating a valuable fertilizer [3][7] - The flagship product, AB10, contains approximately 10% nitrogen and is OMRI Listed, representing a new class of soluble organic nitrogen products that can enhance yields and profitability for organic crop growers [4] Group 3: Strategic Vision - The partnership aligns with Bion's goal to identify strategic partners in the biogas/RNG sector who are committed to sustainable agricultural and renewable fuel solutions [5] - Bion's platform supports global trends towards circular economy models and low-carbon agriculture, aiming to prevent air and water pollution while improving the economics of organic farming [7]