Bion Environmental Technologies, Inc. announced a letter of intent with Ribbonwire Ranch to build a 15,000 head sustainable beef cattle feeding operation in Dalhart, Texas. The facility will include innovative barn systems, anaerobic digesters and Bion's cutting edge waste treatment technology. Bion and Ribbonwire will work together to create a definitive Joint Venture this Fall, allowing plans to move forward to commence construction of the Dalhart sustainable beef facility during 2023.

The LOI contains a provision to allow expansion of the project to four phases, representing 60,000 head capacity or annual production of 180,000 head. Bion expects formal agreements with foodservice and retail customers over the next few months. The Dalhart facility will be developed to produce blockchain-verified sustainable beef, reduce the stress on cattle caused by extreme weather and temperatures, while remediating the environmental impacts associated with cattle Concentrated Animal Feeding Operations (CAFOs).

Bion's patented technology will refine the waste stream into valuable coproducts that include clean water, renewable natural gas (RNG), and organic fertilizer products. The revenues generated from these new product lines will transform a cattle feeder from a marginally profitable business into a lucrative one.