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Friday, September 18, 2015 3:26:29 AM
BioNitrogen Corporation Announces Supply Agreement With United Suppliers Inc. Ticker Symbol: U:BION MIAMI, FL — (Marketwire) — 08/21/12 BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has signed a supply agreement with United Suppliers, Inc. for the production of urea fertilizer for its future plant in Florida. United Suppliers is owned by 735 locally-controlled Ag Retailers and provides crop nutrients such as urea fertilizer to its owners in 20 states from east of the Rockies to west of the Mississippi River plus three of the western provinces in Canada. This will be the first plant supply agreement under the framework agreement recently announced with United Suppliers. The supply agreement contract will provide United Suppliers with the plant production of approximately 124,200 short tons per year for twenty-five (25) years. The contract also includes a take-or-pay minimum equal to 100,000 short tons per year for the initial five (5) years. - See more at: http://www.bionitrogen.com/plant_construction_updates/bionitrogen-corporation-announces-supply-agreement-with-united-suppliers-inc/#sthash.O8m2yxIB.dpuf
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