21 March 2013 20:30 [Source: ICIS news]
HOUSTON (ICIS)--Fertilizer producer BioNitrogen announced on Thursday it has signed an agreement with Battle River Agri-Ventures Co-op in Alberta, Canada, to conduct a feasibility study for future plants which would us the company’s technology to convert biomass into urea.
Based in Doral, Florida, the company is giving a second life to the leftover materials from farming, timber and mining activities. The biomass is converted into urea through a gasification technology process and catalytic conversion.
According to the company, the study will include research on urea consumption and availability of regional biomass as well as viability of locally marketing the urea.
At the conclusion of the study, BioNitrogen anticipates it will prove that building one or more plants in the area will be financially worthwhile. It is expected that future options for the project would include either a partnership with Battle River or the opportunity to license the patent-pending technology.
“This agreement represents a first step in BioNitrogen’s global strategy for making its unique technology available outside of the US. We are eager to work in partnership with progressive, forward thinking companies that seek to bring our cost competitive and sustainable technology to their region,” said Bryan Kornegay, BioNitrogen president.
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