BioNitrogen To Issue Bonds For Florida Fertilizer Plant

BioNitrogen Plant FL I, LLC, a wholly-owned subsidiary of BioNitrogen Corp., has received approval from the Board of County Commissioners of Hardee County on Thursday, November 1, 2012 for the Florida Development Finance Corp. to issue up to $150 million in bonds for the construction of the Hardee County plant. A critical hurdle was cleared in the process of receiving a Major Special Exception that allows construction of the plant to proceed without re-zoning. As part of the process, the planning and zoning board issued its unanimous approval and recommendation of the Major Special Exception at a hearing held on the same date.

Construction on the site is slated to commence in early 2013. The proposed plant will be able to produce 15 tons of urea fertilizer per hour, or 124,200 tons annually.

“The County’s approval sets the stage for the initiation of the construction process of what will be the first environmentally-friendly plant in the United States that converts biomass into urea fertilizer,” said Carlos A. Contreras, President and CEO of BioNitrogen. “We are excited to be another step closer to providing domestically produced urea fertilizer for the North America market.”

For more information on the subject, please visit our source site: http://www.croplife.com/article/31706/bionitrogen-to-issue-bonds-for-florida-fertilizer-plant

Two-day Fair Teaches Teens about Careers in Construction

SunSentinel.com

South Florida Construction Career Days, a two-day fair aimed at teaching teenagers about careers in the highway and bridge industry, ended on Wednesday, October 26th. The 10th annual event allowed students from more than 50 schools throughout South Florida to spend a school day immersed in every aspect of the construction industry, from safety to communications. “It’s important to raise the level of awareness to high school kids that construction is a viable career,” said Pete Nissen, a district construction engineer for the Florida Department of Transportation. Acknowledging the down economy and how it has affected the industry, Nissen said it’s all about looking ahead. “Construction will be back and we’ll need more people again, so part of what we are going here is planning for the future.”

http://www.sun-sentinel.com/news/local/breakingnews/fl-construction-careers-20111026,0,887701.story

Biofuel Developers Use Federal Funding to Move Forward

Source: EnergyBoom.com

INEOS New Planet BioEngery (INPB) announced that financing has been finalized for its Indian River BioEnergy Center biofuel refinery. The facility will be the first commercial scale waste to biofuel facility in the United States. In January 2011, INPB was granted a $75 million loan guarantee from the U.S. Department of Agriculture (USDA) to support development and construction of the BioEnergy Center. Now, eight months later, the company has secured private loans backed by the loan guarantee. With this announcement INPB says it has the funding needed to complete the project.

“We want to commend the USDA on its partnership with us in advancing this bioenergy technology and making it commercially available,” said Peter Williams, CEO of INEOS Bio and Chairman of INPB.

With the loan guarantee in hand, INPB began constructing the plant in February. The company reports that construction is 20 percent complete and is on schedule to be finished April 2012. Located in Vero Beach, Florida, the facility will convert agricultural, construction, municipal, and forestry waste into eight million gallons of advanced biofuels and six megawatts of renewable energy.

http://www.energyboom.com/biofuels/biofuel-developers-using-federal-backing-move-forward