Doral, Fla. — BioNitrogen Corp. said Nov. 21 that the Hardee County Industrial Development Authority (IDA) has allocated $2 million dollars in grants to the company’s Florida subsidiary for reimbursable expenses incurred during the construction of the Hardee County plant. One million of the total $2 million was transferred from the Hardee County Economic Development Authority (EDA) to the IDA. On Nov. 21 the EDA board unanimously approved this transfer. The money will be used to cover expenses related to the rail spur, construction, and engineering of the initial plant. Construction on the site is slated to commence in early 2013. The proposed plant will be able to produce 15 st of urea fertilizer hourly, totaling 360 st daily or 124,200 st annually. BioNitrogen’s technology will use biomass to convert into urea fertilizer.
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