STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

Bion Applies for Organic Listing for Solid Ammonium Bicarbonate Product

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Bion Environmental Technologies, Inc. (OTC QB: BNET) announced its application for OMRI Listing for a new solid ammonium bicarbonate product derived from its 3G waste treatment platform. This product, AD Nitrogen, aims to upcycle livestock waste into an organic-compliant nitrogen fertilizer. The company anticipates that the removal of application restrictions will increase market opportunities. Bion's technology is designed to enhance environmental quality by reducing nitrogen volatility and improving soil health, thus supporting sustainable agriculture.

Positive
  • Bion's new AD Nitrogen product is a solid, cost-effective nitrogen fertilizer that offers lower transportation costs and a reduced carbon footprint.
  • The application for OMRI Listing aims to eliminate manure-related application restrictions, enhancing market flexibility.
  • The technology contributes positively to air and water quality by stabilizing nitrogen and reducing environmental pollution.
Negative
  • The approval process for the OMRI application may take longer than anticipated due to increased workload on OMRI.

NEW YORK, May 7, 2021 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment and resource recovery technology, announced today that it has submitted a new application to the Organic Materials Review Institute (OMRI). Bion is seeking an OMRI Listing for the crystallized ammonium bicarbonate/ ammonium carbonate recovered in its third generation (3G) waste treatment platform.

Bion's patented 3G technology platform was developed to allow naturally occurring ammonium compounds in the waste stream to be captured and upcycled into a solid, readily available, nitrogen fertilizer. Bion's initial OMRI application, a liquid ammonium bicarbonate solution, was approved for OMRI Listing in May 2020, confirming that Bion's 3G technology platform produces organic-compliant nitrogen fertilizer with a non-synthetic process.

Craig Scott, Bion's Director of Communications, noted, "Bion was notified by OMRI last week that several application restrictions placed on the initial product listing have been removed following a review and clarification of our original application. This will provide end users with more opportunity and flexibility for field applications.  Bion anticipates future products listed with OMRI will no longer include manure-related application restrictions." 

AD Nitrogen, Bion's new solid crystalline product that is the subject of the current OMRI application, is a concentrated and dewatered form of the previously approved liquid product.  A dry, water soluble ammonium bicarbonate offers several advantages over a liquid nitrogen product. A dry bagged product has much less weight and volume than a liquid product; therefore, fuel and handling costs to transport to the product blender are significantly lower, as is its carbon footprint. A dry bagged product can be stored and handled much easier than a liquid; and, because it is water soluble, it is easily diluted to its ultimate application rate. As a commercial product, a dry ammonium bicarbonate is more versatile than the liquid and is expected to appeal to both liquid and solid blenders.

Stabilizing the highly volatile and mobile nitrogen in the ammonium compounds that form Bion's AD Nitrogen product, results in substantial improvements to the environment, including both air and water quality, as well as soil health. A substantial portion of the volatile nitrogen will no longer be available to escape to contribute to formation of PM2.5 (small particulate air pollution), leach into groundwater, or run off to feed downstream algae blooms and dead zones that US EPA calls one of the greatest water quality problems in the country today. Further, by decoupling the nitrogen from the phosphorus in the manure, those nutrients can now be precision applied independently and at an appropriate agronomic rate to maintain the proper nutrient balance in the soil.

Craig Scott, concluded, "Bion's AD Nitrogen product represents a win-win for agriculture, the environment and the consumer. A readily available, cost-effective, and convenient non-synthetic nitrogen product will increase the efficiency of organic crop production by narrowing the 'yield gap' associated with it and help fuel expansion of what is already the fastest growing segment of American agriculture.

One final, but important note: according to their website, OMRI is much busier today than it was when Bion applied for its initial listing last year, which was approved quickly. It is reasonable to assume that a decision will take longer this time."

____________________________________________

Bion's patented third-generation 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 livestock industry, the environment, and the consumer. For more information, see Bion's website, www.biontech.com.

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words 'seeking', 'will', 'anticipate(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.

Cision View original content:http://www.prnewswire.com/news-releases/bion-applies-for-organic-listing-for-solid-ammonium-bicarbonate-product-301286846.html

SOURCE Bion Environmental Technologies, Inc.

FAQ

What is Bion Environmental Technologies' recent OMRI application?

Bion has applied for OMRI Listing for its solid ammonium bicarbonate product, AD Nitrogen, to be recognized as an organic-compliant nitrogen fertilizer.

How does Bion's AD Nitrogen product differ from its previous liquid product?

AD Nitrogen is a dry, water-soluble fertilizer that is easier to store, handle, and transport compared to the previous liquid ammonium bicarbonate solution.

What are the environmental benefits of Bion's new fertilizer?

The AD Nitrogen product reduces nitrogen volatility, improving air and water quality while enhancing soil health and supporting sustainable agriculture.

What potential challenges does Bion face with the OMRI application process?

Bion may experience delays in obtaining OMRI approval due to the increased workload at OMRI since their previous application.

BION ENVIR TECHS INC

OTC:BNET

BNET Rankings

BNET Latest News

BNET Stock Data

13.00M
44.73M
20.88%
0.14%
Pollution & Treatment Controls
Industrials
Link
United States of America
Old Bethpage