BioNitrogen signs exclusive agreement with CF Industries for woody biomass supply

BioNitrogen Corp., a cleantech company that utilizes proprietary technology to build environmentally friendly plants that convert biomass into urea fertilizer, has signed an exclusive agreement with CF Industries, a global leader in fertilizer manufacturing and distribution, for the removal of its woody biomass from phosphate mining land to use for urea fertilizer production. This will supply BioNitrogen with biomass for its first plant in Hardee County, FL, and further demonstrates CF Industries’ environmental stewardship in its phosphate mining operations.

According to the terms of this agreement, BioNitrogen will be able to receive all of the woody biomass from CF Industries where it clears wooded land in Hardee County to mine for phosphate. The agreement is for an initial 180-day period with the opportunity for an extended partnership.

“We are pleased to be working with CF Industries,” said Bryan Kornegay, Jr., President and CFO of BioNitrogen. “This agreement will not only grow our secured biomass supply but it will also promote sustainability in Florida. Most of the trees in rural phosphate mining areas such as Hardee County are burned. It’s great to see a company such as CF Industries promoting environmentally friendly approaches to phosphate mining and creating positive impacts for the community.”

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