EXHIBIT 10.2 Officials in Schroeppel support building of meat-processing facility that could create 300 jobsBy Debra J. Groom / The Post-StandardDecember 28, 2009, 7:35PMSchroeppel, NY -- The Schroeppel town board is supporting the construction of a huge 72,000-cow meat processing and ethanol production facility in the town. The board unanimously voiced its support of the project proposed by Bion Environmental Technologies, a Long Island company planning a complex that includes an ethanol production facility, waste management operation and meat processing plant. The board began talking to Bion officials in September. Bion official Jeff Kapell said his company still has to meet several conditions before the project is a go in Schroeppel. “They (the board) said if you can get it passed through all the environmental hurdles and if you can get the financing, if you can do all of that we will welcome the project,” Kapell said. “We have not looked at specific sites yet and this project is very complex — there’s a tremendous amount of coordination that goes into it. Schroeppel officials said they would like to see the economic activity in their town.” The project could bring 300-plus jobs to the area. Some of the issues that would have to be reviewed through the SEQR (State Environmental Quality Review) are traffic, odor and water. Bion’s proposed project entails a closed-loop operation that uses all the waste it makes, thereby eliminating any air or water pollution. Kapell said it would make ethanol, use animal waste to make enough energy to power its ethanol plant, use ethanol waste to feed the cattle and then slaughter and package the beef to sell for consumption. It also has a small carbon footprint because corn is brought here on ships instead of trucks and meat processed here would be sold nearby instead of being trucked across the country. Here’s how the operation would work: Corn from the Midwest would be shipped by ship or barge to the Port of Oswego. Local corn also could be used, Kapell said. The corn would be used to make ethanol. About 50 million gallons of ethanol would be made in a year, Kapell said. It would be sold to the transportation market. The ethanol waste, called distillery waste, would be fed to the 72,000 cows housed in closed barns on the site. The cow manure would be gathered several times a day and put through a process devised by Bion that extracts ammonia, nitrogen, phosphorous and other harmful chemicals. The remainder will be turned into cellulose, and used as a supplementary power in the ethanol plant. Slaughtered cows would be processed into various cuts and sold to food service, commercial establishments or retail. Kapell said this would allow the 70 million to 80 million people living in the Northeast to get beef and beef products from nearby instead of having beef shipped in from the Midwest. Bion officials also have met with representatives of the governor’s office and state legislators’ offices about the project. Bion would need about 1,000 to 1,200 acres, although it doesn’t all have to be in one area, Kapell said. The company would also grow crops on land to be used as a buffer area between its sites and neighboring farms. |
EXHIBIT 99
BION ENVIRONMENTAL TECHNOLOGIES, INC.
Bion Announces Community Support of Upstate NY
Integrated Beef Finishing and Biofuel Project
December 14, 2009. New York, New York. Bion Environmental Technologies,
On December 10, the Town Board of Schroeppel, located in Oswego County, voted
of Schroeppel."
Bion has performed
extensive studies over the past several years to establish
potential project sites
and a regional agricultural infrastructure that would
When completed, Bion's
72,000 head integrated and closed-loop beef cattle
of any large livestock
operation in the world. The Project's closed-loop
livestock industry.
The Project will create
a long-term regional market for cropped farm inputs
rather than being a
source of environmental concern. This Project is based
Local and regional
economic impact from the Project is estimated to produce
is possible solely due
to implementation of Bion's patented and demonstrated
Bion now enters the
active 'pre-development/pre-construction phase' for this
Jeff Kapell, Bion's VP
for Project Development / Renewables, stated, "We are
state, and local laws,
rules, and regulations including those related to land
_________________________________________
About Bion: Bion's
technology provides the only comprehensive solution to the
Bion's next-generation
technology will be utilized in both its Integrated
waste streams to produce
renewable energy. Bion's patented technology is
This material includes
forward-looking statements based on management's
expected outcomes.
Contact information:
Mark A.
Smith
Craig Scott
President
Vice President-Capital Markets/IR
719-256-5329
303-843-6191 direct
mas@biontech.com
cscott@biontech.com