Green Tech Company helps farmers turn manure into money

The beef industry has an environmental problem – more than 1.5 billion tons of manure are produced each year, contributing to the pollution of surface water and rivers.

Bion Environmental Technologies Inc.’s (BNET:OTCQB) The 3G Tech system turns that waste into renewable natural gas, organic fertilizer and clean water. And consumers get what they want, organic grain-fed meat with pedigrees that can be traced back to the source.

Bion has signed a letter of intent with Ribbonwire Ranch in the Texas Panhandle to operate a 15,000-head cattle feedlot using the technology.

Alliance Global Partners analyst Jeffrey Campbell maintained coverage on Bion on August 3 with a buy rating and a $3.00 per share target.

“I can’t imagine it not taking off and getting bigger,” said Doug Latham, founder of Ribbonwire Ranch. Route reports. “There will be some struggles to achieve everything. But without a doubt, for me, it will. And it will change a lot of thinking in this part of the world and really everywhere.”

In the year On August 3, 2022, Alliance Global Partners analyst Jeffrey Campbell initiated coverage on Bion with a Buy rating and a $3.00 target per share.

Technical analyst Clive Maund predicted a near-term upside for the stock.

“Recommended … at $1.05 in July, Bion Environmental Tech is doing very well right now as it moves to break out of its massive multi-year Cup & Handle base,” Maund said. Route reports.

Perhaps giving the company an incentive is to dive into the artificial meat market. Beyond Meat, earlier this month it cut its revenue forecast for the year and said it would cut 4 percent of its workforce. Product trials at McDonald’s, Panda Express, KFC, Pizza Hut and Taco Bell failed to lead to a permanent launch.

Ato Bion said that the meat produced by the method will play its part in improving the environment instead of harming the environment by creating a sustainable product.

“We give them the product they grew up with, the product they love, and we remove the culprits, just like beyond meat trying to take the blame with a different product.” There’s Craig Scott, Bion’s director of communications.

Making things ‘more profitable’

Currently, 1.5 billion tons of manure is produced annually, the company said. There is no voluntary cleanup, regulation is coming.

According to the U.S. Environmental Protection Agency, cow manure ingredients have “real value as fertilizers for farmers, gardeners and landscapers.

But manure from animal feed like E. coli, hormones, antibiotics and pathogens such as nitrates, phosphorus and ammonia can contaminate surface water, according to the Centers for Disease Control.

Untreated waste releases greenhouse gases like methane, causes algae blooms and dead zones in water bodies, contaminates groundwater and contributes to antibiotic resistance, Bion said.

The 3G Tech system uses a specially designed barn and separate house treatment system to apply biological, thermal and mechanical processes to animal waste to create pipeline quality natural gas, organic fertilizers, clean water and clean air and water credits.

According to Bion, 136,500 tons of manure can produce 83,000 MMBTU of biogas, 9 million gallons of fresh water and 1.4 million pounds of organic fertilizer.

But the main product is blockchain-verified, sustainable, organic meat for the $66 billion-a-year beef industry.

“We’re going to make things more profitable,” CEO Bill O’Neill said Route reports. But in the meantime, we are helping to solve environmental problems.

The Bion facility’s capex is $42.9 million, and the addition of rooftop solar installations will increase that to $53 million, the company said. But the investment tax credit recently used by the U.S. Inflation Act for solar power, anaerobic digesters and special barns and manure collection systems Bion used will help reduce the cost by up to $12.7 million.

According to O’Neill, Bion’s technology can increase EBITDA by 20 times, “turning a very low-profit business (cattle feed) into a profitable business by turning several significant revenue streams into their business.”

With or without government incentives, Chris Temple, editor and publisher The national investor He thinks that the time of the concept of the company has come a long time ago.

“There’s a very clear need to find better and more efficient ways to keep a critical industry that provides food for us all from causing too much environmental damage, especially if you get into large-scale farms,” ​​Temple said. Route reports.

Catalyst is expected soon

Transparency and brand premium will be key, O’Neill said. The animals and their life cycle from livestock to retail goods are tracked and scanned by consumers.

“The consumer knows what they’re getting,” Latham said, including where the animals come from and their diet. “No one has ever done as much as these people want to do.”

That, combined with sustainability, could help meat companies repair their image in the eyes of consumers.

Bion expects to announce a major booster next month, such as a new distribution deal, penalty agreement or partnership.

Bion expects to announce a major booster next month, such as a new distribution deal, penalty agreement or partnership.

Ribbonwire Ranch co-founder Chad Schoonover says he’s definitely “sold on it” about Bion’s approach.

“The cattle are the bad guys these days, when it comes to sewage,” Schoonover said. “I think any step we can take to get ahead of the future will be huge in terms of investment.”

Reuters reports that Chief Operating Officer Dominic Bassani and his family own about 32%, or 13.76 million shares, and Christopher B. Parlo owns 14%, or 6.26 million shares. Other institutional shareholders include Center Point Corp., Howard Capital Management, Independent Financial Partners and Litman Gregory Asset Management LLC. .

Bion has USD 65.19 million, 43 million shares outstanding, about 88 million fully diluted, and 17.8 million shares in free floats. It trades between US$1.80 and US$0.80 in its 52-week range.

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