Magnificent News..Plant Design CompletedThings are really moving forward at a racy clip here and , with the engineering design of the first commercial biorefinery plant completed, we can look forward to the beginning of construction.
Also, with patents in place, LEC can soon begin marketing their technology worldwide.
Process and production information gathered over the past two years from results of the pilot-scale biorefinery in Burnaby B.C have been invaluable in the design package and cost estimates .
These have added certainty and highlighted and moved forward the optimizing processes such that the first commercial biorefinery will be based on robust and valuable design data
This plant will be quite large.....................it would produce up to 80 million litres of cellulosic ethanol (approximately 20 million United States gallons) and 55,000 tonnes of high-performance lignin (HP-L) derivatives annually.
Rough estimates show annual revenues at this scale in exess of $100 million.
Lignol' have surrounded themselves with blue chip companies including the engineering contractor, Poyry (Vancouver) Inc.,which is a global leader in engineering and management consulting in the energy and industrial sectors.
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 continuing 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.
Having moved to this advanced stage, its most probable that Lignol have already had talks with their potential investment partners.
Such news will be a huge impetus towards the home run that is quickly shaping up here.