IHS Chemical Week

People & Business :: Emerging Companies

BioNitrogen announces approval for $1.25-billion tax-exempt bond issue

3:52 PM MDT | August 20, 2013 | Rebecca Coons

BioNitrogen (Doral, FL) announced today approval by the Louisiana Attorney General to issue up to $1.25 billion in tax-exempt bonds for the acquisition, development and construction of five plants in Pointe Coupee Parish, LA utilizing its technology for the conversion of biomass to urea fertilizer. In April, BioNitrogen received approval from the Louisiana State Bond Commission to issue the tax-exempt bonds. "Receiving [Tax Equity and Fiscal Responsibility Act] approval is a significant step forward in establishing the financial foundation for the first...

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