Greentech Lead
America: BioNitrogen Corporation, which builds
environmentally-friendly plants that convert biomass into urea
fertilizer, has signed a Memorandum of Understanding (MOU) with Development
Authorities in Hardee County.
The transaction is expected to close before December 31,
2012.
The MOU provides for the various Development Authorities to
fund, subject to board approvals, $2 million for the building of a railroad
spur on the land owned by Larry Davis of Florida Fertilizer where the
BioNitrogen urea fertilizer plant will be built.
Carlos Contreras, president and CEO of BioNitrogen,
said, “The interests of Hardee County and BioNitrogen are closely aligned
in that both parties are eager to get the plant built for the benefit of both
the company and the County. In Hardee County we have found a strong partner
that is willing and capable of helping our company to reach its goals. We look
forward to a long and mutually productive relationship.”
Hardee County will also assist in providing BioNitrogen
available tax credits and incentives for the plant construction, including
those based on enterprise zones.
“The County is focused on fostering economic development
in the region and we believe that the BioNitrogen plant will be a
significant step in that direction by bringing both jobs and revenue to the
area,” said Bill Lambert, director of Hardee County Economic Development. “We
will be working closely with BioNitrogen management in the ensuing months to
facilitate the project.”
The railroad spur will link the plant site with the main
railroad line facilitating the transport of biomass to the plant and urea
to BioNitrogen customers. It will also provide for a rail spur on a
large piece of land that will provide for BioNitrogen and others expansion
opportunities.
BioNitrogen Corporation to build biomass-to-urea plant in
Florida
BioNitrogen Corporation recently announced that it will
purchase biomass from a 40-acre parcel of land in Hardee County, Florida. The
company also has plans to construct a biomass-to-urea production facility on
this land. BioNitrogen will use this biomass, consisting tree trimmings,
agricultural waste and woodchips to produce urea fertilizer.
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