17 October 2013 21:25 [Source: ICIS news]
OUSTON (ICIS)--BioNitrogen plans to issue tax-exempt bonds to develop a urea plant in the Pointe Coupee Parish in Louisiana, following a $300m (€219m) allocation it received from a state commission, the fertilizer producer said on Thursday.
The allocation is coming from a $1.25bn bond issued by the Louisiana State Bond Commission, which was finalised in August, to help BioNitrogen build five plants within the region.
BioNitrogen converts biomass into urea through a gasification technology process and catalytic conversion.
Currently the company is designing a similar plant facility for ?xml:namespace>
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