Bion Provides Fair Oaks Demonstration and Optimization Project Update

Rhea-AI Summary

Bion Environmental Technologies, Inc.

Positive

• First shipment of process units delivered for commercial-scale project.
• Completion of facility structure enhances readiness.
• Optimized system will treat waste from 1,500 cattle, paving the way for larger scale operations.
• No delays from supply chain issues reported, indicating stable project progression.

Negative

• None.

News Market Reaction

+4.00%

1 alert

+4.00% News Effect

On the day this news was published, BNET gained 4.00%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Feb. 13, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology and premium sustainable beef, announced that the first shipment of process units for the commercial scale demonstration and optimization project at Fair Oaks, Indiana, has been delivered on-site.

The structure that will house the system has been completed; facility services, including electrical, will be installed concurrently with the assembly of the process units. The first shipment included the evaporator, pre-heaters and associated thermal exchange units. Final inspections of the remaining units, including the distillation and absorption columns, diffusion tanks and defoaming units, are now being conducted at Buflovak/Hebeler Process Solutions, LLC, Bion's process engineering and equipment fabrication vendor located in Buffalo, New York. They will be shipped to Fair Oaks within a week of final inspection verification, which is scheduled for February 15. No further delays associated with supply chain issues or fabrication are expected. Bion anticipates assembly will be completed in mid-April, followed by start-up and preliminary data soon after.

The demonstration and optimization system at Fair Oaks is at commercial scale, designed to treat and recover the ammonia from the waste load from approximately 1,500 cattle. Once optimized steady-state operations have been achieved, Bion will have the data needed to complete the final design of the systems needed to treat the waste from the 15,000-head module(s) that comprise a Bion project. That will allow Bion to move forward with project development, including financing and permitting, on multiple fronts.

Bill O'Neill, Bion's CEO, said "We are really looking forward to checking the boxes at Fair Oaks. While we know the technology works and moreover that it will perform even better as we scale it up, we understand it is critical that we prove that to our potential JV partners that have not been involved in our technology development. We are excited to get that accomplished, as well as produce the data that will allow us to design optimal performance into our 15,000-head facilities that support the projects we intend to begin developing this year."

About Bion: Bion's patented third generation technology (Gen3Tech) was designed to largely mitigate the environmental impacts of large-scale livestock production, increase its resource efficiencies, and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously prevents pollution to air, water, and soil, while recovering high-value organic fertilizer coproducts and renewable energy that increase revenues. Bion's Gen3Tech platform can create a pathway to true economic and environmental sustainability with 'win-win' benefits for a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion's website at https://bionenviro.com.  

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words 'will', 'expect(ed)', 'scheduled (for)', 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-provides-fair-oaks-demonstration-and-optimization-project-update-301745160.html

SOURCE Bion Environmental Technologies, Inc.

FAQ

What is the latest update on Bion Environmental Technologies' project in Fair Oaks, Indiana?

Bion announced the delivery of the first shipment of process units for their demonstration project in Fair Oaks, Indiana, as of February 13, 2023.

What components are included in the first shipment for BNET's Fair Oaks project?

The first shipment included evaporators, pre-heaters, and associated thermal exchange units.

When will the final inspections for BNET's project components take place?

Final inspections for the remaining units are scheduled for February 15, 2023.

What capacity is Bion's system designed to treat in Fair Oaks?

The system is designed to treat waste from approximately 1,500 cattle, with plans to scale up for 15,000-head operations.

What are the expected outcomes of the Fair Oaks demonstration project for BNET?

The project aims to optimize the treatment process, providing data crucial for finalizing designs for larger facilities.