Bion Files International Patent Applications on Third Generation Livestock Waste Treatment Technology

Rhea-AI Summary

Bion Environmental Technologies (OTC QB: BNET) announced the filing of international patent applications for its third-generation (3G) livestock waste treatment technology in Canada, Mexico, and soon in the EU. This technology recovers stable concentrated ammonium bicarbonate from livestock waste, aiming for USDA certification for organic production. Bion's liquid ammonium bicarbonate fertilizer was approved by OMRI in May 2020, and the company has applied for approval of a solid version. The firm anticipates significant market opportunities in the U.S. and abroad, targeting a $200 billion livestock industry.

Positive

• Filed international patent applications for 3G technology in Canada and Mexico, preparing for EU application.
• The 3G technology recovers ammonium bicarbonate, which can be certified organic under USDA's National Organic Program.
• Liquid ammonium bicarbonate product approved by OMRI, enhancing marketability in organic production.
• Potentially substantial market opportunities in the global livestock industry.

Negative

• None.

NEW YORK, June 28, 2021 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology that largely mitigates environmental impacts while recovering high-value coproducts, announced it has filed patent applications in Canada and Mexico on its third generation (3G) technology platform, and is preparing an application for the European Union.

The new international applications cover Bion's 3G technology and are directed to processes to recover stable concentrated ammonium bicarbonate from the volatile ammonia in the livestock waste stream. Ammonium bicarbonate has a long history of use as a quick-release nitrogen fertilizer, until the advent of modern low-cost synthetic fertilizers. Bion's 3G platform was designed to recover ammonium bicarbonate in a process that will qualify the products under the USDA's National Organic Program. Approval for use in organic production will substantially increase the value of Bion's ammonium bicarbonate products compared to synthetic fertilizers.

Bion's initial fertilizer product, a liquid ammonium bicarbonate solution, was approved by the Organic Materials Review Institute (OMRI) in May 2020 for an OMRI Listing, allowing for its use in organic production. The approval confirmed that Bion's 3G technology platform produces organic-compliant nitrogen fertilizer with a non-synthetic process. In May 2021, Bion submitted a new application to OMRI, seeking an OMRI Listing for the crystallized (solid) ammonium bicarbonate/ ammonium carbonate recovered in its 3G platform.

Craig Scott, Bion's director of communications, stated, "We will remain focused on pursuing prospects in the U.S. markets initially. However, ultimately, we anticipate similar opportunities in the global markets, especially in those countries that utilize large scale production practices, like the U.S. By comparison, according to 2018 data from the UN Food and Agriculture Organization (FAO), the EU, Mexico, and Canada, combined for 17.5 percent of total global meat production (341 metric tons) versus 13 percent for the U.S."

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 U.S. 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 'anticipates', 'similar', '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.

View original content:https://www.prnewswire.com/news-releases/bion-files-international-patent-applications-on-third-generation-livestock-waste-treatment-technology-301321012.html

SOURCE Bion Environmental Technologies, Inc.

FAQ

What is the latest news about Bion Environmental Technologies (BNET) as of June 2021?

Bion Environmental Technologies announced it filed international patent applications for its third-generation livestock waste treatment technology.

What are the benefits of Bion's third-generation technology?

Bion's technology aims to recover ammonium bicarbonate from livestock waste, potentially qualifying products for USDA organic certification.

When was Bion's liquid ammonium bicarbonate fertilizer approved?

Bion's liquid ammonium bicarbonate fertilizer received approval from OMRI in May 2020.

What new markets is Bion targeting with its technology?

Bion is focusing on U.S. markets initially but anticipates opportunities in Canada, Mexico, and the EU.