Las Vegas, NV -- (SBWIRE) -- 02/20/2013 -- BioNitrogen Corp (PINK:BION) has recently announced that Governor Florida has allowed the company to invest $175 Million or less in tax free bonds. Earnings from such bonds, thus, will be tax free money enhancing company profits.
BioNitrogen corp management is hopeful and considers this a boost to company’s business and states, “The completion of the bond issuance process is another significant milestone for BioNitrogen. In the interim, we are working to get the remaining air and water permits completed for construction and coordinating with KBR's Delaware-based operations, which are a KBR centre of excellence for Bio Based Chemicals and Fuels, to initiate plant design."
BioNitrogen corp is opening new environment friendly sites that will commence operation in 2013. Production capacities are estimated to be 360 short tons per day and 124,200 tons per year.
Bio Nitrogen corp Corporation, previously Hidenet Secure Architectures Inc is a urea and fertilizer manufacturing company. Bio Nitrogen manufactured technology that transforms renewable biomass into fertilizer. The patents for technology are pending. The Company builds small operational capacities for urea manufacturing as well. Per hour production capacity of these facilities is 15 tons fertilizer that gives 124,200 tons annual fertilizer production per plant.
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