11:30 AM - 1:00 PM
The Union League of Philadelphia
Bion’s (OTCQB: BNET) technology largely eliminates the environmental impacts of livestock waste, one of the largest sources of pollution in PA, as well as the U.S. The 3rd-generation technology platform was developed at Kreider Farms in Lancaster County, PA. It can reduce the cost of PA’s multi-billion dollar obligations under the Chesapeake Bay strategy by 80 percent, while providing high-impact solutions to increasing groundwater contamination problems (drinking water) in the Susquehanna. The technology platform creates four new recurring revenue streams that pay for its adoption and operations; voluntary cleanup will avoid certain future regulation of the $190 billion animal protein industry. Bion’s technology performance was verified by PA’s Department of Environmental Protection in 2012. However, opposition from a wide range of entrenched stakeholders thwarted the policy changes needed to move forward with large-scale projects. In January 2018, in a compromise with much of that opposition, PA Senate Bill 799 was approved overwhelmingly in the Senate 47-2. The bill will establish a competitive procurement program – a first in the Nation and supported by US EPA – that will allow private-sector solutions like Bion’s to compete for public funding, based on lowest cost. Bion believes this bill represents a transition to improved efficiencies and lower costs in our national clean water strategy that accounts for more than $110 billion in annual spending.