Dir of Communications for Bion (BNET)
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In the press release, make sure you read down to the About Olson Farms/TD Angus section
Bion and Olson Farms/TD Angus Announce Nebraska Sustainable Beef Practices Project
January 9, 2023. New York, NY and North Platte, NE. Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in the development of livestock waste treatment technology and premium sustainable beef, and Olson Farms/TD Angus announced a letter of intent to develop a 45,000-head sustainable beef cattle feeding operation near North Platte, Nebraska.
The project will consist of three of Bion’s 15,000-head modules that will include barns with solar panels, manure collection and conditioning, biogas recovery and upgrading, ammonia capture and production of organic fertilizer products, and clean water recovery. All processes and performance will be third-party verified, USDA-certified, and recorded on blockchain, that will support a transparent and sustainable-branded premium product, with dramatic reductions in impacts to air, water, and soil.
Bion and Olson Farms/TD Angus will work together to create a definitive Joint Venture in early 2023, with construction anticipated to commence in the second half 2023. That timeline is expected to produce initial beef and coproduct revenues by the end of 2024 that will ramp up quickly in 2025 to up to 135,000 head of annual production.
Trey Wasserburger, Olson Farms/TD Angus’ partner, stated, “We are excited to make this Bion project a reality. It’s a perfect fit for our ‘conception to consumer’ model, where TD Angus bulls sire commercial calves at ranches all over the country. Those calves are brought back and fed at our family-owned feedyard and, beginning in 2024, harvested in our local producer-owned packing plant. Until now, beef sustainability has always been a proclamation. We look forward to supplying beef that is truly sustainable, for producers and the environment alike, and that have the pedigree and production history to verify it.”
Bill O’Neill, Bion’s CEO, said “We found a great partner in Olson Farms/TD Angus. We are inspired by Kirk Olson’s and Trey’s vision to produce cattle that are better for the consumer, better for the planet, and better for the producer. That’s a perfect complement to our own vision and Bion’s mission. We really look forward to working together with them as we roll out our technology and business platform and demonstrate what truly sustainable beef really is.”
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About Olson Farms/TD Angus: Olson Farms, Inc. is a fifth-generation family owned and operated farming and custom cattle feeding business that currently feeds approximately 50,000 cattle at the southern edge of the Nebraska Sandhills. Olson Farms/TD Angus is a founding member of Sustainable Beef, LLC, a rancher-owned packing plant being developed to process 1,500 head per day near North Platte, NE. Sustainable Beef, LLC, and Walmart recently announced Walmart’s equity investment in Sustainable Beef as “part of a broader strategic partnership to source top-quality angus beef from Sustainable Beef LLC’s new beef processing facility.”
About Bion: Bion’s patented third generation technology (Gen3Tech) was designed to largely mitigate the environmental impacts of large-scale livestock production, increase its resource efficiencies, and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously prevents pollution to air, water, and soil, while recovering high-value organic fertilizer coproducts and renewable energy that increase revenues. Bion’s Gen3Tech platform can create a pathway to true economic and environmental sustainability with ‘win-win’ benefits for a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website at https://bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘will’, ‘look forward (to)’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
(406) 281-8178 direct
Inflation Reduction Act to Provide Substantial Tax Incentives for Bion Projects
August 16, 2022. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that dramatically reduces environmental impacts and recovers valuable resources, will be positively impacted by the federal investment tax credits (ITC’s) contained in the climate provisions of the Inflation Reduction Act.
Under the new biogas tax credit, the anaerobic digesters (AD) used by Bion’s platform to produce methane from the waste, as well as the cleaning and conditioning equipment used to upgrade the biogas to pipeline-quality renewable natural gas, will be eligible for the 30% Investment Tax Credit (ITC). In addition, the bill provides ITCs for solar installations.
The solar tax credits in the Act substantially improve the economics of incorporating solar energy production into Bion’s sustainable beef projects. Each 15,000-head beef module, such as those in the recently announced Ribbonwire LOI, will be comprised of barns with about 450,000 square feet (10.3 acres) of available roof space. Adding solar will increase module capex from approximately $43 million to $53 million, before the tax credit. Besides further reducing the carbon footprint of its sustainable beef, Bion believes that implementing its own solar energy production capacity in appropriate locations will provide operational flexibility and a hedge against potentially higher energy costs in the future.
The combined AD and solar costs represent approximately 45 percent of the total project capex of approximately $53 million, so the ITC will effectively reduce costs by $7.2 million per project. In addition, Bion believes the tax credit may also apply to investment in the specialized barns and manure collection system needed to handle the waste and prepare it for processing once regulations are promulgated clarifying the provisions. If so, that would increase the portion of the combined capex benefitting from the Act to approximately 80 percent of total capex, reducing project costs by $12.7 million.
The Act also simplifies the procedure for project owners to monetize the tax credits. Agriculture Secretary Tom Vilsack said, "The law is a once-in-a-generation opportunity to build critical infrastructure, to protect communities from wildfire and extreme heat and to drive climate-smart agriculture and renewable energy initiatives nationwide."
Bill O’Neill, Bion’s CEO, said, “The IRA’s climate provisions are a big win for the environment, livestock agriculture, and the consumer. The livestock industry is faced with some very real and fundamental challenges, especially beef. Those same challenges also represent transformational opportunities to improve outcomes in all aspects of the beef supply chain: producers, consumers, animal welfare, and environmental and economic sustainability. We very much look forward to embracing that challenge and leading the transition to truly sustainable beef production.”
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About Bion: Bion’s patented third generation technology was designed to largely mitigate the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value environmentally friendly fertilizer coproducts and renewable energy that increase revenues. Bion’s 3G Tech platform can create a pathway to economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website at https://bionenviro.com/.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘will’, ‘would’, ‘may’, ‘believe(s)’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
303-898-4945 direct
As you'd expect, the Inflation Reduction Act has substantial benefits for Bion's projects. Details will follow.
Bion Announces Sustainable Beef Facility with Ribbonwire Ranch
Bion’s New Technology Will Make Beef Sustainable and Profitable for Cattle Feeders & Ranchers
July 25, 2022. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that dramatically reduces environmental impacts and recovers valuable resources, announced a letter of intent with Ribbonwire Ranch to build a 15,000 head sustainable beef cattle feeding operation in Dalhart, Texas. The facility will include innovative barn systems, anaerobic digesters and Bion’s cutting edge waste treatment technology.
Bion and Ribbonwire will work together to create a definitive Joint Venture this Fall, allowing plans to move forward to commence construction of the Dalhart sustainable beef facility during 2023. The LOI contains a provision to allow expansion of the project to four phases, representing 60,000 head capacity or annual production of 180,000 head. Bion expects formal agreements with foodservice and retail customers over the next few months.
The Dalhart facility will be developed to produce blockchain-verified sustainable beef, reduce the stress on cattle caused by extreme weather and temperatures, while remediating the environmental impacts associated with cattle Concentrated Animal Feeding Operations (CAFOs). Bion’s patented technology will refine the waste stream into valuable coproducts that include clean water, renewable natural gas (RNG), and organic fertilizer products. The revenues generated from these new product lines will transform a cattle feeder from a marginally profitable business into a lucrative one.
Chad Schoonover co-founder of Ribbonwire Ranch said “we are excited to be partnered with Bion for this initial system. This could change the industry. This new approach allows us to capture what has otherwise been lost, while still providing a humane environment that doesn’t pollute the air, water or land.” Doug Lathem, co-founder of Ribbonwire, said “I am proud that we are working on a better way to feed cattle, one that will allow our kids and grandchildren to live and work in this area for generations to come.”
Bill O’Neill, Bion’s CEO, expressed his appreciation to Ribbonwire for recognizing this opportunity and wanting to be part of it. “We are fortunate to be working with a forward-thinker like Ribbonwire Ranch. We realize that this announcement is just a first step in making sustainable beef a reality. However, it is an important step to giving the consumer the sustainable beef they want and helping cattle feeders and producers create more value for their cattle. And equally important is the fact we are keeping the waste stream from polluting the air, land, and water, and verifying those improvements in the process.”
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About Ribbonwire Ranch: Ribbonwire is a cattle ranch in the Texas panhandle that operates on approximately 40,000 acres of grazing lands that is certified organic; its affiliated entity, Lathem Farms, operates +/- 10,000 acres of farmland, of which approximately 70% is certified organic. It is considered the largest organic cow/calf operation in the State of Texas. The principals of Ribbonwire and Lathem have over 50 years of combined knowledge and experience growing feed and producing organic cattle.
About Bion: Bion’s patented third generation technology was designed to largely mitigate the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value environmentally friendly fertilizer coproducts and renewable energy that increase revenues. Bion’s 3G Tech platform can create a pathway to economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website at bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘intent’, ‘expect’, ‘can’, ‘will’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
303-898-4945 direct
Bion Announces LOI with University of Nebraska-Lincoln to Collaborate on Integrated Beef Facility
https://bionenviro.com/bion-announces-loi-with-university-of-nebraska-lincoln-to-collaborate-on-integrated-beef-facility/
Bion Engages Meat Industry Veteran to Lead Sustainable Beef and Livestock Opportunity
https://bionenviro.com/bion-engages-meat-industry-veteran-to-lead-sustainable-beef-and-livestock-opportunity/
Bion to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC
https://bionenviro.com/bion-to-participate-in-the-2022-virtual-growth-conference-presented-by-maxim-group-llc/
Bion Receives Fourth U.S. Patent on Advanced Livestock Waste Treatment Technology
https://bionenviro.com/bion-receives-fourth-u-s-patent-on-advanced-livestock-waste-treatment-technology/
Bion Files 8-K Detailing Corporate Changes
https://bionenviro.com/bion-files-8-k-detailing-corporate-changes/
Bills go to Approps to be 'scored' to determine their impact (negative, neutral, positive) on the budget. I don't have an answer to the second part of the question.
Once it has been scored, the bill will likely be introduced on the Senate floor for a vote.
The Clean Water Procurement Program, which will fund a nutrient credit program, is part of SB832. The CWPP is essentially the same as SB575, but 'accomplishments' (if you are referring to 575 already passing in the Senate), do not carry over to the new session.
SB832 will have to pass both in the Senate and House.
The noteworthy part of SB832, from a Bion shareholder's perspective, is that the bill combines the CWPP, which was opposed by the entrenched interests of the status quo, with those same entrenched interests' legislation to fund riparian buffers, cover crops, and other conservation practices. This will certainly change the complexion of that opposition to one of support, unless they intend to bite off their nose to spite their face.
Bion's update and 2022 outlook... https://bionenviro.com/bion-issues-2021-year-end-update-and-outlook/. Make sure you click the link in the press release to get to the Update/ Outlook.
Pennsylvania Senate Bill 832 Referred to Appropriations Committee
November 16, 2021. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that largely mitigates environmental impacts and recovers high-value coproducts, announced that Pennsylvania Senate Bill 832 received its second consideration in the Environmental Resources and Energy Committee and was referred in a unanimous vote to Appropriations last week.
Section 3306 of the Bill will establish the Pennsylvania Clean Water Procurement Program, which “shall provide for the purchase of a verified nutrient or sediment reduction through a competitive bidding process…” that will dramatically lower costs to Pennsylvania and its taxpayers to meet the Chesapeake Bay mandates. Funding for the program may be provided through a number of sources, including “Federal money appropriated or authorized for purposes of the program”, and is expected to be at least $25 million for fiscal year 2021-2022.
The Clean Water Procurement Program, as part of SB 832, contains most of the key provisions of SB 575, a bipartisan bill that was introduced in June 2019 to provide a nutrient credit procurement program. SB 575 was approved in the Senate by a vote of 33-17 and was calendared for a hearing in the House State Government Committee on March 16, 2020, the day legislative activities were canceled due to the pandemic.
Craig Scott, Bion’s director of communications, stated, “After a year and a half of pandemic-related uncertainty and changes, we are very encouraged to see SB 832 moving forward with key provisions of SB 575 that will establish a nutrient credit trading program in Pennsylvania. What hasn’t changed is the bipartisan legislative that found that a competitive procurement program could save the State’s taxpayers as much as 90 percent of their looming multi-billion-dollar Chesapeake Bay compliance costs. Perhaps, with additional funding available through the federal infrastructure bill, high-impact projects like Kreider Farms will move forward and provide low-cost solutions that can speed the recovery of the Bay, mitigate PA’s own surface and groundwater problems, and provide relief for the state’s taxpayers.”
SB 832’s full text and sponsors can be reviewed on the Pennsylvania General Assembly’s website at https://www.legis.state.pa.us/cfdocs/billInfo/bill_history.cfm?syear=2021&sind=0&body=S&type=B&bn=832.
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About Bion: Bion’s patented third generation (3G) technology was designed to substantially reduce the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value coproducts and renewable energy that increase revenues. Bion’s 3G tech platform can provide low-cost high-impact solutions to the air and water quality issues related to livestock production, while creating a pathway to economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website, www.bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘will’, ‘anticipate’, believe’, ‘potential’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
Director of Communications
303-843-6191 direct
cscott@bionenviro.com
As far as NZ opportunities and patents, we have made initial filings for international recognition of the 3G patents. However, with such a large opportunity here in the U.S. we have no immediate plans to pursue international opportunities. As stated in our most recent 10-K, we look at the international markets as a licensing opportunity.
ET, you are correct in your assumption that Bion's (or others') advanced waste treatment technology cannot be used to treat the waste from free-range livestock. Effective nutrient and greenhouse gas control requires continuous collection and prompt treatment of the waste. Todays concentrated animal feeding operations - CAFOs - have a bad reputation, deservedly so. But while it may be counterintuitive, a CLEAN CAFO/ feedlot, equipped with effective waste treatment and resource recovery like Bion's third generation platform, where inputs (think feed additives to reduce enteric methane) can be controlled, and that shortens the production cycle (vs free-range) - is more environmentally friendly than a comparable number (or weight) of grass-fed animals scattered all across the landscape, with no way to mitigate runoff or emissions. That clean CAFO can also produce a truly and verifiably sustainable meat product at a price that is both affordable to the consumer and provides economic sustainability to the producer. Everybody wins.
I understand your overall market concerns - I have many of the same ones. That said, Bion is clearly 'event driven' and our next catalysts could easily be big ones: a determination on our current OMRI application is a good example. Don't watch too long...
News: Bion to Develop Sustainable Beef Production Demonstration Facility
https://bionenviro.com/bion-to-develop-sustainable-beef-production-demonstration-facility/
An underlying premise of Bion's technology, business model and opportunity is the growing consumer demand for sustainability. Just as important as demand is their willingness to pay for it... A recent meta-analysis of 80 worldwide studies indicates consumers are willing to pay a 29.5% premium for sustainable food products. That's almost 3X the 10% 'brand premium' Bion uses when modelling a project.
Meta-analysis of consumers' willingness to pay for sustainable food products
https://www.sciencedirect.com/science/article/abs/pii/S019566632100146X
Thanks for the heads up, I guess I am. Yes, per our press release, our biontech.com domain was hijacked from Network Solutions. We are in the process of recovering it. Big fun...
Bion Initiates Cannabis Trials at Southern Illinois University to Evaluate Ammonium Bicarbonate as a Nitrogen Fertilizer
July 30, 2021. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that dramatically reduces environmental impacts while recovering high-value coproducts, announced that its cannabis trials are starting at Southern Illinois University, using commercial ammonium bicarbonate as a nitrogen fertilizer.
The purpose of the trial is to assess the agronomic performance of commercially available ammonium bicarbonate (AB) as a nitrogen source for cannabis development, compared to a more traditional nitrogen fertilizer. If the results of this trial are positive, as expected, additional trials will be conducted using Bion’s AD Nitrogen (see description below) when it becomes available in sufficient quantities in 2022. The results of subsequent AD Nitrogen trials, if warranted, would be expected to mirror the results demonstrated by the commercial AB product. Planning, design, and preparation for the study will commence this week. The trial will continue through September, followed by lab analysis, with a report expected in February 2022.
SIU’s School of Agricultural Sciences will conduct the trial for Bion, to determine the effect of ammonium bicarbonate (AB) fertilizer on cannabinoid and terpene development in three different cultivars of the cannabis plant: BAOX, Cherry Citrus, and Super CBD. There will be three experimental treatments: 1) ammonium bicarbonate, 2) standard 12-12-12 fertilizer product, and 3) no additional treatment beyond Scotts Miracle-Gro Osmocote, following transplant like the others, as a control group. The trial will include 27 plants in total. Following the pre-determined growth cycle, analysis conducted will include cannabinoids (CBD), tetrahydrocannabinol (THC), and 19 different terpenes, which determine flavor, aroma and other consumer-related characteristics.
Craig Scott, Bion’s director of communications, stated, “Obviously, with a unique product like AD Nitrogen, we are intrigued by the potential presented by the cannabis fertilizer market, especially the higher-value organic side of it. This is the first step in determining the real potential of that market opportunity as we move forward with trials for several fertilizer applications and product markets we intend to pursue. We are thankful that SIU has the growth trial resources and expertise in cannabis to run this study for us and we hope to be working with them on subsequent trials with our own AD Nitrogen.”
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About AD Nitrogen: Bion’s livestock waste treatment technology platform captures, stabilizes, and upcycles the ammonia that normally volatilizes and ‘escapes’ from livestock manure, preventing it from polluting the air and downstream waters. The platform produces AD Nitrogen, comprised of ammonium carbonate and bicarbonate, which is a dry (solid) ‘pure’ nitrogen fertilizer product that is water soluble and readily available to crops. Bion’s liquid ammonium bicarbonate solution was approved for an OMRI Listing by the Organic Materials Review Institute (OMRI) in May 2020, allowing for its use in organic crop production. In May 2021, Bion submitted a new application to OMRI for a listing for AD Nitrogen, which is simply distilled from the previously-approved solution. That application is under review by OMRI.
About Bion: Bion’s patented third generation (3G) technology was designed to substantially reduce the environmental impacts of large-scale livestock production and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously recovers high-value coproducts and renewable energy that increase revenues. Bion’s 3G tech platform can provide a pathway to true economic and environmental sustainability with ‘win-win’ benefits for at least a premium sector of the $200 billion U.S. livestock industry, the environment, and the consumer. For more information, see Bion’s website, www.bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘if’, ‘anticipates’, ‘expected’, 'will', ‘potential’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
Director of Communications
303-843-6191 direct
cscott@bionenviro.com
Very thinly traded
Bion-issued press release today:
Bion Files International Patent Applications on Third Generation Livestock Waste Treatment Technology
VERY quiet. A little off the beaten path: big upside but not your typical momentum play. Full disclosure: I am Bion's director of communications (been with them going on 30 years).
News out on Friday... LOI for first 3G technology project. https://biontech.com/bion-announces-letter-of-intent-for-commercial-scale-third-generation-project/
Apparently I have to make a few more posts here before I can moderate the board - bear with me, this is a little new. Disclosure: gotpermit is Craig Scott, Dir of Communications for Bion. I've been involved with Bion since 1993. The first thing I'll do is replace the About Us at the top of this page. It is very dated. For a more current one, visit www.biontech.com.
"Dip and Rip". Thanks, I learned something new today...
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