RE: RE: Magnificent News..Plant Design Completed"Really good news to see that they are going into commercial production."
I guess we must have read different news releass sanspeine. The goal is to eventually go into commercial production, but at present it is a goal they are striving for, not news that they are actually going into commercial production.
You should read, as TheRock had informed me to do in an earlier post, the full extent of the news release. Albeit positive, it is just very preliminary and sets the stage for more studies and then the possibility of moving forward.
LEC believes this study indicates rates of returns that may be suitable for consideration by potential partners and/or investors. They will use this study to pursue this avenue I believe.
It's good news, but no meat yet, and definitely not a short term venture, with no contracts or commitments yet, IMO. atb
"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.