BioNitrogen Issued Patent for Production of Urea Using Stranded Natural Gas
(firmenpresse) - DORAL, FL -- (Marketwired) -- 08/05/15 -- BioNitrogen Holdings Corp. (OTC PINK: BION), a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it has been awarded a patent (US Patent Application No. 13/389,239), Modularized System and Method for Urea Production Using Stranded Natural Gas, for the manufacturing of urea using Stranded Natural Gas as a feedstock.
"This is great news and we are excited to add this patent to our portfolio of technologies. Many fossil fuel operations simply flare off natural gas as an unwanted by-product of their production. Worldwide, over 140 billion cubic meters of natural gas is flared annually by these operations. Now, we have the ability and technology to utilize this stranded natural gas and convert it to urea fertilizer or other products that use urea as a feedstock," said Carlos Contreras, Chairman and CEO of BioNitrogen.
"The implications for BioNitrogen are significant in that we now have a process that can be used to take an otherwise wasted resource, the stranded or flared-off natural gas, and make useful products instead," said Mario Beruvides, PhD, BioNitrogen co-founder and Professor of Engineering at Texas Tech University.
"I''m excited about the potential this patent holds for BioNitrogen," declared James Simonton, PhD, BioNitrogen co-founder and Associate Professor of Engineering at the University of Tennessee. "We should see increased development of urea processing using Stranded Natural Gas because the flare-off process is damaging to the environment. This patent also has the potential to drop the air emissions pollution when the stranded natural gas is released and burned into the atmosphere."
(OTC PINK: BION) is a cleantech company that utilizes patented technology to build environmentally friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at .
Statements made in this press release that express the Company''s or management''s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company''s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company''s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company''s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company''s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Adam Friedman
Principal
Adam Friedman Associates
917-675-6250
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Datum: 05.08.2015 - 13:14 Uhr
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