RE: RE: HP Resin Lignin at $1500 per tonThose estimates look pretty good.
They are confirmed by Bloomberg's review of second generation ethanol refineries in Europe.Estimated costs of production was 0.50 Euros per litre or about
.70 per litre.
Converted to gallons, the production costs of ethanol would be about $3.25 per gal.Bloomberg also noted how those costs could be substantially reduced by creating high value lignin products.If Lignol can get
.75 per lb for its high performance lignin products, the cost of the ethanol produced will esentially be below zero.