BioNitrogen Corp., a developer of technology for converting renewable biomass waste into high-nitrogen urea and urea fertilizer, announced on Feb. 22 that is has secured a forty-nine acre parcel of land to construct its inaugural plant in Lubbock, Texas.
BioNitrogen expects to complete the land purchase after concluding an Environmental Site Assessment (ESA). The Company has already engaged X8 Engineering whom anticipates completion of the ESA no later than March 12, 2012.
The cost of the plant will be $65 million.
The technology will transform residual agricultural waste and other biomass materials into high-quality bulk urea (a white, crystalline solid containing 46% nitrogen), which are principally used in the agricultural industry as a crop fertilizer, and sold to both agricultural wholesalers and retailers.
Read more at Industry Week
Commodities -- Corn, Wheat and Fertilizer (Part 2) -
In Part 1 of this article, we looked at the relationship between the world production of corn and wheat and how the three-month forward price for a crop could potentially lead the fertilizer market. Today we’ll explore the raw materials and feedstocks that affect the fertilizer markets.
COMMENT: Shale gas has great potential for SA -
The possible economic impact of shale gas extraction developments, downstream industries and induced demand from the income generated by gas finds representing only 4% to 10% of the suspected 485 trillion cubic feet reserve in the Karoo could generate massive contributions to the country’s GDP.
One of the red flags which Chantell Ilbury and I have identified for South Africa turning into a failed state like Afghanistan and Somalia is land grabs. Of the four flags we have, it is probably the most lethal and emotional. The heated controversy stirred up by Pieter Mulder’s remarks shows what a tinderbox issue land is. It would appear that you can use history to justify any views you wish to take on the subject from preserving the status quo to turning the whole place upside down. No issue divides citizens more deeply.
Decline in farmer numbers to have knock-on effects -
Some experts believe that tough times are ahead for the agriculture industry. The sector faces thousands of job losses as the number of commercial farmers continues to decline, putting a lot of strain on agricultural insurance businesses.
India cuts subsidy on most fertilizers for 2012/13 -
NEW DELHI/MUMBAI, March 1 (Reuters) - India will cut by a fifth the subsidy it gives to phosphate and potash-based fertilisers in 2012/13, the government said in a statement on Thursday, its latest step aimed at patching up its widening fiscal deficit.
Nestlé posts strong Q4 sales growth -
Vevey - Nestlé echoed the cautious 2012 tone of other global food manufacturers on Thursday after reporting forecast-beating sales growth in the last three months of last year.
Met die vele veranderinge wat die afgelope jaar by Graan SA plaasgevind het, soos die verskuiwing van sy kantore na Pretoria, fokus die organisasie op sy jaarlikse kongres op nuwe geleenthede.
Afgri to supply chickens to KFC -
Johannesburg - Afgri Poultry, the broiler producing and processing arm of Afgri [JSE:AFR], has been appointed a third supplier to the chicken restaurant chain, KFC.
Crookes earnings set to soar 120% -
Johannesburg - Agricultural group Crookes Brothers [JSE:CKS] said on Monday it expected headline earnings per share for the year ended March 2012 to jump by 120%, from 203.9 cents in the previous comparable period.