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Bion Announces Third Organic Fertilizer Offtake Commitment
Globenewswire· 2025-07-08 12:55
Core Insights - Bion Environmental Technologies, Inc. announced a new offtake Letter of Interest (LOI) for 100,000 gallons of its advanced organic and low-carbon nitrogen fertilizer [1] - The fertilizer is an OMRI Listed 10-0-0 Liquid AB, which is an organic nitrogen fertilizer derived from ammonia produced during biogas generation [2] - The LOI is with a large U.S. agribusiness, with pricing set at $7.00 per pound of nitrogen, totaling approximately 84,000 pounds of nitrogen in the 100,000 gallons [3] Offtake Agreements - This LOI marks the third agreement facilitated by Philo Consulting, contributing to a total of 250,000 gallons of offtake commitments, with an initial goal of 300,000 - 500,000 gallons for delivery in 2026 [4] - Bion is actively seeking additional offtake commitments from distributors and growers, and has begun producing and shipping a second round of AB samples [4] Production and Supply Strategy - The offtakes are non-binding until specific supply projects are identified and developed, with Bion evaluating several dozen potential supply partners and projects [5] - The company is focused on producing initial supply in 2026 and is exploring various opportunities across agriculture and industrial sectors [5] Market Potential - The CEO of Bion highlighted the growing interest in advanced organic nitrogen fertilizers, noting that organic production is the fastest-growing segment of U.S. agriculture [6] - The company’s patented Ammonia Recovery System (ARS) aligns with global trends towards circular economy models and aims to reduce environmental impacts while improving agricultural efficiency [6]
Bion Issues Update and Outlook; Announces Shareholder Call
Globenewswire· 2025-06-24 14:20
Billings, Montana, June 24, 2025 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced treatment and resource recovery technology for livestock and organic waste, issued an Update and Outlook and announced a Shareholder Call for July 1, 2025. The full update can be found on Bion's website at Bion Update and Outlook. Shareholder Call: 7:00PM ET, July 1, 2025 Zoom Link (will also be on Bion's website on the day of the call, along with dial-in instructions) https://us06 ...
Bion’s Technology-Optimization Report Details Success of Ammonia Recovery System
Globenewswire· 2025-06-12 13:25
Core Insights - Bion Environmental Technologies, Inc. has completed the Technology-Optimization Report for its Ammonia Recovery System (ARS) at Fair Oaks, IN, demonstrating significant advancements in technology and operational efficiency [1][2]. Group 1: Technology and Operations - The optimized ARS is stable, reliable, and scalable, achieving ammonia reduction targets while evaporating one-third less water than previously anticipated, leading to improved economics and lower fertilizer production costs [2][4]. - The report details over a decade of ARS development, highlighting the collaboration with Buflovak, an engineering firm specializing in evaporation and separation processes, during the optimization phase [3][4]. Group 2: Economic Impact - Operational improvements from the Fair Oaks optimization indicate that operating costs for a full-scale commercial system will be approximately 25% lower than previously modeled, which will also significantly reduce fertilizer production costs [4]. - Modeled capital costs are expected to decrease substantially, enhancing the overall economic viability of the ARS [4]. Group 3: Future Prospects - The company is evaluating over two dozen potential projects to identify the best fit for initial fertilizer offtake agreements, aiming to supply organic nitrogen fertilizer to growers during the 2026 growing season [5][6]. - Bion's ARS aligns with global trends towards circular economy models and low-carbon agriculture, addressing environmental concerns related to ammonia emissions from organic waste [6].
Bion Announces First Offtake Commitments for its Organic Nitrogen Fertilizer
Globenewswire· 2025-05-27 12:20
Billings, MT, May 27, 2025 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock and organic waste treatment and resource recovery technology, announced it has received the first Letters of Interest (LOI) for its OMRI (Organic Materials Research Institute) 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 (Freight on Board) a ...
Bion CEO Issues Shareholder Letter
Globenewswire· 2025-05-02 17:02
Billings, Montana, May 02, 2025 (GLOBE NEWSWIRE) -- The CEO of Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock and organic waste treatment and resource recovery technology, issued the following letter to shareholders: Dear Shareholders (and other followers), Apologies for the lack of recent communication. We continue to face headwinds. But despite what our share price decline might suggest, we have no intention of abandoning ship. The feedback we have received recently, ...