BioNitrogen acquires land, signs pre-construction contract
Florida-based BioNitrogen Corp. has announced the signing of an agreement to acquire approximately 245 acres of land in Pointe Coupe Parish, La., near a port for $2 million. The company also recently announced the selection of CCC Group Inc. to build its first plant in Hardee County, Fla. The company is also planning to develop five plants in Louisiana.
BioNitrogen produces biobased urea via a biomass gasification process and catalytic conversion. Urea, traditionally produced from natural gas feedstock, is a fertilizer.
Regarding the agreement with CCC Group, BioNitrogen announced the signing of a $2.2 million contract on July 2 for the completion of engineering, pre-construction site-prep activities, and purchasing of long lead equipment for its Hardee County plant. The contract is expected to cover all necessary work prior to signing the lump sum engineering, procurement and construction (EPC) contract for the plant.
According to information released by the company, ground breaking and construction is expected to begin in the third quarter, along with the placement of purchase orders for long-lead plant equipment.
With regard to the land purchase in Louisiana, BioNitrogen specified the 245 acres is located adjacent to the Pointe Coupe Port Commission port in Lettsworth, La., which is operated by Terral River Services. The transaction is expected to close in the fourth quarter, with construction also beginning in that quarter. According to information released by the company, CCC Group will construct a plant on the Louisiana site.
“We are very excited to have secured this important strategic property,” said Bryan Kornegay Jr., president and chief financial officer of BioNitrogen. “This contiguous 245-acre parcel is unique in that it is adjacent to the Pointe Coupee Parish port terminal which will provide us turnkey operational capacity and open access to the Mississippi River, Red River and Atchafalaya River systems. The land is surrounded by significant forestry biomass within a 75 mile radius on three sides and agricultural biomass to the south. The site provides excellent road and barge transportation access with ample land for biomass accumulation, construction of up to five plants and expansion of value added businesses such as urea coating and blending.”