Doral, Fla. — BioNitrogen Corp., a developer of a patent-pending technology for converting renewable biomass waste into urea, reports that it has finalized the purchase contract with United Suppliers, as previously announced on Feb. 2, 2012 (GM Feb. 6, p. 12). The company says it will provide United with some 1.25 million st of urea over a 10-year period. In doing so, it said it will use commercially reasonable efforts to construct up to three manufacturing plants in the West Texas region using its proprietary systems; the plants will be devoted to urea and fulfill the company’s supply obligations to United. The urea will be standard granular form and contain at least 46 percent nitrogen content. BioNitrogen estimates that it will have output capacity of approximately 125,000 st of product annually at each plant, and agrees to make available to United annually at least 125,000 st of the product capacity from the West Texas plants. After construction, BioNitrogen said it will endeavor to operate each facility seven days a week, based on a 49-week year. BioNitrogen will bulk load product five days a week for transportation by truck or rail. The term of this agreement will commence on the date on which BioNitrogen completes construction of its first plant and begins accepting purchase orders. The agreement is for ten years, and will automatically renew for one additional year unless it is terminated in writing by either party at least 120 days prior to the end of the term.
Transparency Across the Fertilizer Value-Chain