News is Nice...But it would be good to see less fluffy and more solid news like partnerships etc. I understand that things need to be done in steps, but completing an engineering plant design? Ok, so....
Hopefully next news will be of some form of partnership for their resin adhesive devision. I think that's what is needed in order to get things going with the ethanol production. atb
Lignol develops engineering design package for commercial biorefinery
4/18/2011 8:30 AM - Canada NewsWire
VANCOUVER, Apr 18, 2011 (Canada NewsWire via COMTEX News Network) --
-- Validates economic returns for commercial biorefinery -- Major milestone achieved with Pöyry Engineering
Lignol Energy Corporation (TSX-V: LEC), a leading technology company in the advanced biofuels and renewable chemicals sector today announced it has completed an engineering design package for a commercial-scale biorefinery that would produce up to 80 million litres of cellulosic ethanol (approximately 20 million US Gallons) and 55,000 tonnes of High Performance Lignin (HP-LTM) derivatives annually.
"Completing this milestone is a significant step forward in our plan to develop a financially viable, commercial-scale biorefinery and market our technology world wide," said Ross MacLachlan, President and CEO. "The design package and cost estimate are based on robust and valuable design data generated over the past two years through a series of extensive operating campaigns conducted by our scientific and engineering teams at our pilot-scale biorefinery in Burnaby, B.C."
The design package was developed with Lignol's engineering contractor, Pöyry (Vancouver) Inc., a global leader in engineering and management consulting in the energy and industrial sectors. "Lignol's real-time pilot plant data added the degree of certainty to the design basis for our engineering work," said Ulf Tryggvesson, Managing Director of Pöyry's Vancouver operation. "Based on what we have seen, Lignol has one of the world's leading biorefining technologies and completing the next stage of investment grade engineering will provide a high degree of accuracy for a commercial project," he added.
The engineering studies for a commercial scale project indicate rates of return suitable for consideration by partners and investors. Calculations have taken into account the recent price of crude oil, incentives for the construction of biorefineries and production of advanced biofuels along with pricing indications received from key suppliers and customers.
Additional campaigns in Lignol's pilot-scale biorefinery are ongoing to refine the design basis and equipment selection needed for scale-up in order to complete an investment grade design and cost estimate for a commercial plant.