BioNitrogen Holdings Corp. (BIONQ)

[LongRun8]

Hi, TW.

Glad to see you back and posting a bit. I have been pretty low key for the most part as well but definitely reading and keeping up like you. I actually just finished watching the video of the ribbon cutting ceremony about an hour or so ago. It was much more important of an event than I was initially thinking it was going to be. To see all the major players and stakeholders involved at that meeting was amazing and very reassuring, esp. the project manager from AMEC. Now if we could just get that EPC paid for and completed!! I was also very impressed to hear the names Deutsche Bank and Stifel Nicolaus.

To answer your question about how many facilities they are hoping to build in the near term, based on their investor fact sheet:

Near-term: Establish 5 facilities in the US from Texas to Florida over the next 5 years

Long-term: Add 10 international facilities, resulting in total capacity of ~3mm tons of
urea, or approximately 2.6% of current global demand.

BION initially thought that they could produce their plant at $62 million (www.marketwired.com/press-release/bionitrogen-reports-on-financial-advantages-building-smaller-modular-urea-fertilizer-pinksheets-bion-1621519.htm), but the cost has risen to around $150-250 million (sseassociation.org/Presentations/2013/Kornegay/2013-Kornegay.PDF). And, who knows, maybe it could be even more now.

As far as the timeline, last I remember was that it would take 1.5 yrs to construct vs. 5-7 for traditional fertilizer plants (www.reuters.com/article/2012/04/04/idUS209993+04-Apr-2012+MW20120404). BioNitrogen's old website used to have a nice side-by-side comparison of their plant vs. a traditional carbon-based/fossil fuel fertilizer plant, but they don't have that on the new site anymore. Their plants would be less expensive and quicker to build than the traditional plants.

Kudos to all BION's staff for all the crazy behind-the-scenes work they have been doing over the past year or two. We had no idea this was in the works for so long but were so focused on Hardee County.

Anyway, that's it for now. Have a good night, all. Hope to see the steps keep progressing here. It has been a long ride.

As an aside, I still am attached to their old logo, but their new one is growing on me.

Original Logo:


New Logo: