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Bion Environmental Technologies, Inc. develops waste-treatment and resource-recovery technology for livestock, biogas and other organic waste streams. Its patented industrial raw material Recovery System (ARS) is used to produce advanced organic and low-carbon soluble nitrogen fertilizers, including OMRI Listed Liquid AB ammonium bicarbonate, from materials released during biogas generation.
BNET news commonly covers ARS optimization and commercialization, fertilizer sample testing and growth trials, offtake interest for Liquid AB, engineering and strategic-partner activity in renewable natural gas and agriculture, and capital-structure actions involving legacy convertible obligations, warrants, options and share issuance.
Bion Environmental Technologies has announced key leadership changes as it refocuses its efforts on project execution and development. CEO Bill O’Neill has resigned effective June 1, 2024, to pursue other interests, with Greg Schoener taking over as Interim Chief Operating Officer and joining the Board of Directors on the same date. Craig Scott, who has held various senior positions at Bion since 1996, has also joined the Board of Directors and will take on broader management duties.
Mark Smith, Chairman of the Board and President, was set to retire at the end of June 2024 but will continue to assist with the transition. The company remains focused on its capital needs and the engineering of its Ammonia Recovery System (ARS) at Fair Oaks, targeting cost-effective ammonia control for industrial organic waste streams, particularly in the meat packing/slaughter sector. Bion expects to commence a new project shortly and aims to leverage tougher EPA discharge standards to capitalize on its sustainable beef opportunity.
Bion Environmental Technologies (OTC QB: BNET) provided a comprehensive company update. The firm faced several challenges, including construction delays at Fair Oaks and management transitions following the passing of their long-term CEO/COO. These issues have hindered their ability to raise capital through traditional channels. Bion is in discussions with potential partners in clean energy, utilities, and agriculture to secure strategic investments. Despite financial setbacks, Bion remains optimistic about its Ammonia Recovery System (ARS), which has shown promising results in initial tests. The ARS technology, which extends to industrial and municipal waste streams, could accelerate revenue growth. Bion is also exploring opportunities in the sustainable beef industry, seeking distribution partners for its projects which could offer a unique solution for Renewable Natural Gas (RNG) from beef waste.
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