| ORGANIZATION, NATURE OF BUSINESS, GOING CONCERN AND MANAGEMENT’S PLANS | 1. ORGANIZATION, NATURE OF BUSINESS, GOING CONCERN AND MANAGEMENT’S PLANS Organization and nature of business: Bion Environmental Technologies, Inc.'s ("Bion,"
"Company," "We," "Us," or "Our") was incorporated in 1987 in the State of Colorado. Bion’s
mission is to create extraordinary value for our shareholders and employees (all of whom own securities in the Company) while delivering
premium, sustainable products to our customers through ventures developing profitable, transparent, and sustainable solutions for livestock
agriculture. Our patented and proprietary technology provides advanced
waste treatment and resource recovery for large-scale livestock production facilities (also known as “Concentrated Animal Feeding
Operations” or “CAFOs"). Livestock production and its waste, particularly from CAFOs, has been identified as one of the
greatest soil, air, and water quality problems in the U.S. today. Application of our third-generation technology and business/technology
platform (“Gen3Tech”) can largely mitigate these environmental problems, while simultaneously improving operational/ resource
efficiencies by recovering high-value co-products from the CAFOs’ waste stream. These waste stream ‘assets’ –
nutrients and methane – have traditionally been wasted or underutilized and are the same ‘pollutants’ that today fuel
harmful algae blooms, contaminate groundwater, and exacerbate climate change. Bion’s business model and technology platform
can create the opportunity for joint ventures s (in various contractual forms) (“JVs”) between the Company and large livestock/food/fertilizer
industry participants based upon the supplemental cash flow generated by implementation of our Gen3Tech business model, which cash flows
will support the costs of technology implementation (including servicing related debt). We anticipate this will result in substantial
long-term value for Bion. In the context of such JVs, we believe that the verifiable sustainable branding opportunities (conventional
and organic) in meat will represent the single largest enhanced revenue contributor provided by Bion to the JVs (and Bion licensees).
The Company believes that the largest portion of its business with be conducted through such JVs, but a material portion may involve licensing
and or other approaches. Bion’s Gen3 Tech was designed to capture and
stabilize these assets and produce renewable energy, fertilizer products, and clean water as part of the process of raising verifiably
sustainable livestock. All steps and stages in the treatment process will be third-party verified, providing the basis for additional
revenues, including renewable energy-related credits and, eventually, payment for ecosystem services, such as nutrient credits as described
below. The same verified data will be used to substantiate the claims of a USDA-certified sustainable brand that will support premium
pricing for the meat/ animal protein products that are produced in Bion facilities. During the first half of 2022 Bion began marketing our sustainable
beef to retailers, food service distributors and the meat industry in the U.S. In general, the response has been favorable. During
July 2023, Bion announced a letter of intent (“Ribbonwire LOI”) to develop its first large-scale commercial project, a 15,000-head
sustainable beef cattle feeding operation together with the Ribbonwire Ranch, in Dalhart, Texas (with a provision to expand to 60,000
head) (“Dalhart Project”). The Dalhart Project will be developed to produce blockchain-verified, sustainable beef (with reduced
the stress on cattle caused by extreme weather and temperatures and resulting higher feed/weight gain efficiency) while remediating the
environmental impacts associated usually associated with cattle CAFOs. Bion’s patented technology will refine the waste stream into
valuable coproducts that include clean water, renewable natural gas (RNG), photovoltaic solar electricity and organic fertilizer products.
We anticipate converting the Ribbonwire LOI into a definitive joint venture agreement with Ribbonwire Ranch and creating distribution
agreements with key retailers and food service distributors during the next six months. Our business plan is focused on executing multiple agreements
and letters of intent related to additional sustainable beef joint venture projects over the next twelve months while moving forward with
the Initial Project (see below) and the Dalhart Project (and/or other Gen3Tech beef joint venture projects) and pursuing other opportunities
in the livestock industry enabled by our Gen3 Tech business model. The Ribbonwire LOI announcement has generated significant interest
within the livestock industry (among ranchers, feedlot operators, farmers and other AG industry parties). We believe that this interest,
combined with consumer interest in ‘sustainable products’ and growing enthusiasm among some livestock industry parties for
environmental/sustainable/regenerative practices, may provide Bion (and its partners/venturers) with an opportunity to move forward with
a truly sustainable solution in this industry segment. During the next six months, the Company intends to
construct and begin operations of phase 1 of our Initial Project located near Fair Oaks, Indiana. Bion expects the Initial Project to
provide data that illustrates the effectiveness of our Gen3Tech in a commercial setting by the end of the 2 nd Bion is now focused primarily on: i) development/construction
of the Initial Project, our initial commercial-scale Gen3Tech installation, ii) development/construction of the Dalhart Project (and/or
other Gen3Tech beef joint venture projects), iii) developing applications and markets for its low carbon organic fertilizer products and
its sustainable (conventional and organic) animal protein products, and iv) discussions regarding initiation and development of agreements
and joint ventures (“JVs” as discussed below) (and related projects) based on the augmented capabilities of our Gen3Tech business
platform (in the sustainable beef and other livestock segments), while (v) continuing to pursue business opportunities related to large
retrofit projects (such as the Kreider poultry project JV described below) and vi) ongoing R&D activities. HISTORY, BACKGROUND AND CURRENT ACTIVITIES Since the Company’s inception, Bion has designed and developed
advanced waste treatment systems for livestock. The first and second generations of Bion’s technology platform were biological systems,
primarily focused on nutrient control. Over 30 of these systems were deployed at New York dairies, Florida food processing facilities
and dairies, North Carolina hog farms, a Texas dairy and a Pennsylvania dairy (“Kreider 1 Project”). The systems were highly
effective at their intended purpose: capturing nitrogen and phosphorus. They produced BionSoil as a byproduct, which was a remarkably
effective soil amendment/ fertilizer product, but whose value was not enough to support a viable business model. As such, these early
technology iterations were entirely dependent on either implementation of new regulations requiring waste treatment, or subsidy/ incentive
programs that would provide ‘payment for ecosystem services’. By the mid-2010’s, it became apparent that neither of
these options were imminent or even assured, so the Company initiated the steps to reimagine and redesign its technology. From 2016 to 2021 fiscal years, the Company focused
most of its activities and resources on developing, testing and demonstrating the third generation of its technology and technology platform
(“Gen3Tech”) that was developed with an emphasis producing more valuable co-products from the waste treatment process, including
renewable natural gas and ammonium bicarbonate, a low-carbon, organic ’pure’ nitrogen fertilizer product while raising sustainable
livestock. The $175 billion U.S. livestock industry is under
intense scrutiny for its environmental and public health impacts – its ‘environmental sustainability’-- at the same
time it is struggling with declining revenues and margins (derived in part from clinging to its historic practices and resulting limitations
and impacts) which threaten its ‘economic sustainability’. Its failure to adequately respond to consumer concerns including
food safety, environmental impacts, and inhumane treatment of animals have provided impetus for plant-based alternatives such as Beyond
Meat and Impossible Burger (and many others) being marketed as “sustainable” alternatives for this growing consumer segment
of the market. The Company believes that its Gen3Tech, in addition
to providing superior environmental remediation, creates opportunities for large scale production of i) verifiably sustainable-branded
livestock products and ii) verifiably sustainable organic-branded livestock products, both of which will command premium pricing (in part
due to ongoing monitoring and third-party verification of environmental performance which will provide meaningful assurances to both consumers
and regulatory agencies). Each of these two distinct market segments (which the Company intends to pursue in parallel) presents a large
production/marketing opportunity for Bion. Our Gen3Tech will also produce (as co-products) biogas, solar photovoltaic electricity in appropriate
locations, and valuable low carbon organic fertilizer products, which can be utilized in the production of organic grains for use as feed
for raising organic livestock (some of which may be utilized in the Company’s JV projects) and/or marketed to the growing organic
fertilizer market. During July 2022, the Company entered into a letter
of intent with Ribbonwire Ranch (Dalhart, Texas) (“Ribbonwire LOI”) setting forth the parties’ intention to negotiate
a joint venture agreement and enter into a joint venture to develop and operate an initial 15,000
a) innovative cattle barns (with slatted floors to facilitate movement of manure to the anaerobic digester
and potentially solar PV generation on the rooftops which barns will improve the living conditions of the animals while increasing feeding/weight
gain efficiency,
b) ‘customized’ anaerobic digestion systems (including pretreatment to increase renewable natural
gas (‘RNG’) production and an RNG cleaning system (which will include capture/recycling of the CO2) to allow pipeline sales
and monetization of related environmental credits,
c) a Bion GEN3 Tech module (which will utilize the recycled CO2 to increase ammonium bicarbonate recovery)
for the production of ammonium bicarbonate fertilizer for use in organic crop production (plus residual organic solids and clean water),
d) which will produce verifiably sustainable beef products with USDA certified branding. The Dalhart Project will include expansion capability up to
60,000 head of cattle, in aggregate, located at/around/contiguous to the initial facilities on Ribbonwire property. The opportunity presented by the Ribbonwire LOI to commercialize the Company’s
Gen3Tech and business model matured more quickly than anticipated (reflecting strong industry and public momentum in favor of verifiably
sustainable food ventures). As a result, we have shifted our plans to focus resources and make our initial 15,000 head operation in Dalhart,
TX a reality as soon as possible. To place the Ribbonwire LOI and the Dalhart Project in the context of Company’s
business plan (and our prior public disclosure), if the contemplated venture moves forward on the timelines set forth in the Ribbonwire
LOI, active development of the Dalhart Project will commence early in the second quarter of 2023. Prior to such activity, the Company intends to construct and operate the
initial phase of the previously announced Gen3 Tech demonstration project near Fair Oaks, Indiana (“Initial Project”): i)
to validate our existing data and modeling at commercial scale and ii) to optimize the Bion 3G Tech module for finalization of design
parameters and fabrication details of our planned 15,000 head commercial facilities (including the Dalhart Project). For the purposes
of this initial phase, the Company, in order to accelerate the data acquisition phase, intends to utilize anaerobic digester effluent
from the nearby/contiguous Fair Oaks dairy. Construction and related activities of this demonstration project have commenced with main
module assembly on site targeted to commence during January 2023 (somewhat delayed due to supply chain constraints) followed by operations
through the first half of 2023 to generate the required information. Thereafter, the Company will evaluate what, if any, additional facilities
and testing will take place at that location. The Company anticipates that it will negotiate additional letters of intent
and enter into additional joint ventures related to the development of further commercial-scale sustainable beef projects over the next
6-18 months in addition to the Dalhart Project. As previously disclosed, during late September 2021,
Bion entered into a lease for the development site of the Initial Project, our initial commercial scale Gen3Tech project, which Initial
Project will be located on approximately four (4) acres of leased land near Fair Oaks, Indiana, and a related agreement regarding disposal
of certain manure effluent with the Curtis Creek Dairy unit of Fair Oaks Farms (“FOF”). Design and pre-development work commenced
during August 2021 and preliminary surveying, site engineering and other work is now underway along with site-specific engineering and
design work. The Initial Project was initially planned to be an environmentally sustainable beef cattle feeding facility, equipped with
state-of-the-art housing and Bion’s 3G-Tech platform to provide waste treatment and resource recovery. Bion has designed the project
to house and feed approximately 300 1,500 The Initial Project is not being developed at economic
commercial scale or with an expectation of profitability due to its limited scale. However, successful installation, commissioning, and
operations will demonstrate scalability, determine operating parameters at scale, and provide ongoing production and engineering capabilities,
all being critical steps that must be accomplished before developing large projects with JV partners. Specifically, the Initial Project is being developed
to provide and/or accomplish the following:
i. Proof of Gen3Tech platform scalability
- Document system efficiency and environmental benefits and enable final engineering modifications to optimize each unit process within the Bion Gen3technology platform.
- Environmental benefits will include (without limitation) renewable energy production (natural gas recovery from AD and solar electric from integrated roof top photovoltaic generation); nutrient recovery and conversion to stable organic fertilizer; pathogen destruction; water recovery and reuse; air emission reductions.
ii. Use Bion’s data collection system to support 3rd party verified system efficiency requirement to qualify for USDA Process-Verified-Program (PVP): certification of sustainable branded beef (and potentially pork) product metrics.
iii. Produce sufficient ammonium bicarbonate nitrogen fertilizer (“AD Nitrogen”) for commercial testing by potential joint venture partners and/or purchasers and for university growth trials.
iv. Produce sustainable beef products for initial test marketing efforts. The Initial Project will be carried out in stages
with phase one focused on portions of items i. and iii. set forth above. Upon completing the primary goals of phase 1 of the
Initial Project, (coupled with obtaining organic certifications(s) for our for our solid ammonium bicarbonate fertilizer product line),
Bion expects to be ready to move forward with its plans for development of much larger facilities including the Dalhart Project. The Company
anticipates that discussions and negotiations it has begun (together with additional opportunities that will be generated over the next
6-12 months) regarding potential JVs with strategic partners in the financial, livestock and food distribution industries to develop large
scale projects will continue during the development/construction of the Initial Project with a 2023 goal of establishing multiple JV’s
for large scale projects that will produce sustainable and/or sustainable-organic corn-fed beef. These products will be supported by a
USDA PVP-certified sustainable brand that will, initially, highlight reductions in carbon and nutrient footprint, as well as pathogen
reductions associated with foodborne illness and antibiotic resistance, along with the organic designation where appropriate. Bion has
successfully navigated the USDA PVP application process previously, having received conditional approval of its 2G Tech platform (pending
resubmission and final site audits), and is confident it will be successful in qualifying its Gen3Tech platform. After the basic technology start-up milestones of
the Initial Project (primarily optimization and steady-state operations of the core modules of our Gen3Tech platform) have been met, the
core modules may be re-located to a subsequent more permanent location to be determined at a later date. The Company is in discussion
with the University of Nebraska-Lincoln to jointly develop an integrated beef facility based on Bion’s Gen3 Tech and business model
at its Klosterman Feedyard Innovation Center (“KFIC”) including innovative barns, an anaerobic digester and a Bion Gen3Tech
system to conduct ongoing research and development related thereto and the KFIC is a possible site for the long term re-location of the
core modules. This venture, if it moves forward, is anticipated to include joint preparation of applications for grants and other funding
from the USDA (‘climate smart’ program, rural development, etc.) and other sources. The Company is also considering re-locating
the core modules of the Initial Project to Dalhart, Texas, where they may be integrated into the first phases of the Dalhart Project. The Company’s initial ammonium bicarbonate
liquid product completed its Organic Materials Review Institute (“OMRI”) application and review process with approval
during May 2020. Applications for our first solid ammonium bicarbonate product line have been filed with OMRI, the California
Department of Food & Agriculture (“CDFA”) and the Iowa Organic Program (“IOP”) and are in the review
processes (which are likely to require an extended period of time and multiple procedural steps, in part due to the novel nature of
our Gen3Tech in the context of organic certifications). See “Organic Fertilizer Listing/Certification Process”
below. Additionally, the Company believes there will
also be opportunities to proceed with selected ‘retrofit projects’ of existing facilities (see ‘ Gen3Tech Kreider
2 Poultry Project’ Bion believes that substantial unmet demand currently
exists– potentially very large – for ‘real’ meat/ dairy/ egg products that offer the verifiable/believable sustainability
consumers seek, but with the taste and texture they have come to expect from American beef and pork, dairy and poultry. Numerous studies
demonstrate the U.S. consumers’ preferences for sustainability. For example, 2019 NYU Stern’s Center for Sustainable Business
study found that ‘products marketed as sustainable grew 5.6 times faster than those that were not…’ and that ‘…in
more than 90 percent of consumer-packaged-goods (CPG) categories, sustainability-marketed products grew faster than their conventional
counterparts.’ Sales growth of plant-based alternatives, including both dairy and more recently ground meat (Beyond Meat, Impossible
Foods, etc.) have shown that a certain segment of consumers are choosing seemingly sustainable offering, and are also willing to pay a
premium for it. Numerous studies also support the consumers’ ‘willingness-to-pay’ (WTP) for sustainable choices, including
a recent meta-analysis of 80 worldwide studies with results that calculate the overall WTP premium for sustainability is 29.5 As one of the largest contributors to some of the
greatest air and water quality problems in America, it is clear that livestock waste cleanup, at scale, represents one of the greatest
opportunities we have to reduce negative environmental impacts of the food supply chain on air and water quality. Bion’s Gen3Tech
platform, along with its business model, enables the cleanup of the ‘dirtiest’ part of the food supply chain: animal protein
production and creates the opportunity to produce and market verifiably sustainable organic and conventional ‘real meat’ products
that can participate in the growth and premium pricing that appears to be readily available for the ‘right’ products. Bion believes that at least a premium segment of the
U.S. beef industry (and potentially other livestock industry groups) is at the doorstep of a transformative opportunity to address the
growing demand for sustainable food product offerings, while pushing back against today’s anti-meat messaging. At $66 billion/year
(2021 wholesale/farmgate value), the beef industry is a fragmented, commodity industry whose practices date back decades. In 1935 inflation-adjusted
terms, beef is 63% more expensive today, while pork and chicken, which are now primarily raised in covered barns, at CAFOs with highly
integrated supply chains, are 12% and 62% cheaper, respectively. In recent years, the beef industry has come under increasing fire
from advocacy groups, regulatory agencies, institutional investors, and ultimately, their own consumers, over concerns that include climate
change, water pollution, food safety, and the treatment of animals and workers. Advocacy groups targeting livestock and the beef industry
have recently been joined by competitors that produce animal protein alternatives in seeking to exploit the industry’s environmental
and economic weaknesses. Their global anti-meat messaging has had a substantial chilling effect on the relationships the beef industry
has with its institutional investors; retail distributors, such as fast-food restaurants; and mostly, its consumers. Led by the United
Nations Food and Agriculture Organization, a coordinated anti-meat messaging campaign has targeted consumers worldwide, primarily focused
on the industry’s impacts on climate change. Meat alternatives, especially plant-based protein producers like Beyond Meat and Impossible
Foods, are being heavily promoted by themselves and the media, and have enjoyed steady sales growth. A 2018 NielsenIQ Homescan survey
last year found that 39% of Americans are actively trying to eat more plant-based foods. Some of the recent growth in plant-based proteins
results from increasing lactose intolerance and other health concerns; however, most of that growth is attributed to consumers’
growing concerns for the environmental impacts of real meat and dairy. Several large US companies that have traditionally focused on livestock
production, including Cargill, ADM, Perdue Foods, and Tyson, have recently entered the plant protein space. In terms of changing customer
preferences, ‘saving the planet’ has proven to be a more compelling argument than the traditional animal activism/ welfare
pitch. To date, the only ‘industry response’ to this has been grass-fed beef, which is regarded as a generally more sustainable
offering than grain-fed (largely without empirical evidence). However grass-fed beef has had only limited acceptance in U.S. markets,
because it is less flavorful and tougher than the traditional corn-fed beef consumers have grown to enjoy. It should be noted that these plant-based protein
producers are primarily expected to be able to serve the ground/ processed meat market, which represents only about 10 percent of the
overall animal protein market. Further, there has recently been pushback to these plant-based products, focusing on their highly processed
nature and unproven health benefits, scalability/ pricing, and their uncertain carbon footprint. There have also been several companies
recently enter the cellular and 3D-printed meat arena. While facing myriad challenges and further out on the development timeline, some
people believe cellular agriculture (aka cultured, clean, lab-grown, cultivated) meat may have the potential to service a much larger
percentage of the market than plant-based protein, including cuts like steaks, chops and roasts, but the likely cost remains very uncertain
at this point. Each of these items supports Bion’s belief that
there is a potentially very large opportunity to supply premium sustainable beef products that satisfy these concerns. We believe that
the real meat/beef products that can be cost-effectively produced today using our Gen3Tech platform, both sustainable and/or organic,
can provide an affordable product that satisfies the consumer’s desire for sustainability, but with the superior taste and texture
those consumers have grown to prefer. Sustainable Beef Bion’s goal is to be first to market with meaningfully
verified sustainable beef products that can be produced at sufficient scale to service national market demand. The cattle produced at
a Bion facility will have a substantially lower carbon footprint, dramatically reduced nutrient impacts to water, and an almost total
pathogen kill in the waste stream. Further, the economics of producing these cattle (including the cost of the facility/technology upgrade)
will be greatly enhanced by the revenue realized from the recovery of valuable resources, including renewable energy, high-value fertilizer
products, and clean water. A Bion sustainable beef facility will be comprised
of covered barns with slotted floors (allowing the waste to pass through) which will reduce ammonia volatilization and loss, as well as
odors, thereby improving animal health and human working conditions while preventing air/soil pollution. The manure will be collected
and moved directly to anaerobic digestion facilities which will produce renewable natural gas (and re-cycle CO2 from the gas cleaning
process). Covered barns will reduce weather impacts on the livestock and have been demonstrated to promote improved general health and
weight gain in the cattle housed in them. The barns’ very large roof surface area will be utilized (in appropriate geographical
locations) for the installation of photovoltaic solar generation systems to produce electricity for the facility, as well as export to
the grid. The barn roofs will also be configured to capture rainwater, which, coupled with the water recovered from the treatment process,
will reduce the projects’ reliance on current water supplies. Waste treatment and resource recovery will be provided
by Bion’s advanced Gen3Tech platform, which Bion believes offers the most comprehensive solution for livestock waste available today.
In addition to direct environmental benefits, every pound of nitrogen that is captured, upcycled, and returned to the agricultural nitrogen
cycle as high-quality fertilizer (vs lost to contaminate downstream waters), is also a pound of nitrogen that will not have to be produced
as synthetic urea or anhydrous ammonia, with their tremendous carbon cost. System performance and environmental benefits will be monitored
and verified through third parties, with USDA PVP certification of the sustainable brand that Bion also believes will be the most comprehensive
available in the market. Recently there have been efforts to establish sustainable
brands (including USDA PVP certification) for a number of small-scale livestock producers (largely in the grass-fed beef category). To
date, the reach and extent of such efforts is limited and it is difficult to determine their effectiveness. Additionally, there have
been public announcements of initiatives related to beef sustainability (largely focused on the ‘cow-calf’ segment of the
livestock chain) in procurement by major beef processing companies, but a closer look finds that most consist largely of ‘green
washing’ public proclamations in the wake of environmental and social criticism that re-package prior initiatives and lack any significant
new substance. Sustainable Organic Beef Bion believes it has a unique opportunity to produce,
at scale, affordable corn-fed organic beef that is also certified as sustainable. In addition to the sustainable practices described above,
organic-sourced beef cows would be finished on organic corn, which would be produced using the ammonium bicarbonate fertilizer captured
by the Gen3Tech platform. Bion believes its meat products will meet consumer demands with respect to sustainability and safety (organic)
and provide the tenderness and taste American consumers have come to expect from premium conventional American beef. Such products are
largely unavailable in the market today. We believe Bion’s unique ability to produce the fertilizer needed to grow a supply of relatively
low-cost organic corn, and the resulting opportunity to produce organic beef, will dramatically differentiate us from potential competitors.
This organic opportunity is dependent on successfully establishing Bion’s fertilizer products as acceptable for use in organic grain
production. Today, organic beef demand is limited and mostly supplied
with grass-fed cattle. While organic ground/ chopped meat has enjoyed success in U.S. markets, grass-fed steaks have seen limited acceptance,
mostly resulting from consumer issues with taste and texture. In other words, it’s tough. Regardless, such steaks sell for a significant
premium over conventional beef. A grain-finished organic beef product is largely unavailable in the marketplace today due to the higher
costs of producing organic corn and grain. The exception is offerings that are very expensive from small ‘boutique’ beef producers.
Like all plants, corn requires nitrogen to grow. Corn is especially sensitive to a late-season application of readily available nitrogen
– the key to maximizing yields. With non-organic field corn, this nitrogen is supplied by an application of a low-cost synthetic
fertilizer, such as urea or anhydrous ammonia. However, the cost for suitable nitrogen fertilizer that can be applied late-season in organic
corn production is so high that the late-season application becomes uneconomical, resulting in substantially lower yields – a widely
recognized phenomena known as the ‘yield gap’ in organic production. The yield gap results in higher costs for organic corn
that, in turn, make it uneconomical to feed that corn to livestock. As is the case for sustainable but not organic beef, Bion believes
there is a potentially large unmet demand for affordable beef products that are both sustainable AND organic, but with the taste and texture
consumers have come to expect from American beef. Bion’s ability to produce the low-cost nitrogen fertilizer that can close the
organic yield (and affordability) gap puts the Company in a unique, if not exclusive at this time, position to participate in JV’s
that will benefit from this opportunity starting next year. The demonstrated willingness of consumers to purchase
sustainable products (along with numerous research and marketing studies confirming consumers are seeking, and are willing to pay a premium
for, sustainable products)---in combination with the threat to the livestock industry market (primarily beef and pork) posed by plant-based
alternatives (heightened by pandemic conditions)--- has succeeded in focusing the large scale livestock industry on how to meet the plant-based
market challenge by addressing the consumer sustainability issues. The consumer demand for sustainability appears to be a real and lasting
trend, but consumers remain skeptical of generalized claims of ‘sustainability’. To date, a large portion of the industry
responses to this trend have been at a superficial level or consist of ‘green washing’, a deceptive marketing practice where
companies promote non-substantive initiatives. Real sustainability for the livestock industry will require implementation of advanced
waste treatment technology at or near the CAFOs – where most of the negative environmental impacts take place. Organic Fertilizer Listing/Certification Process The Company has focused a large portion of its activities
on developing, testing and demonstrating the 3rd generation of its technology and technology platform (“Gen3Tech”) with emphasis
on increasing the efficiency of production of valuable co-products from the waste treatment process, including ammonia nitrogen in the
form of organically listed ammonium bicarbonate products. The Company’s initial ammonium bicarbonate liquid product completed its
Organic Materials |
