NEWS...Trials Meet Expectations, More SalesProgressing rather nicely, IMO, and the market is a multi-billion dollar one. Not bad considering that it's by-product to ethanol or vic versa. atb
Lignol announces new industrial trials for High Performance Lignin
6/13/2011 8:30 AM - Canada NewsWire
VANCOUVER, Jun 13, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
Trials underway for several new industrial applications
Lignol Energy Corporation (TSXV: LEC), a leading technology company in the advanced biofuels and renewable chemicals sector, announced new shipments of its proprietary High Performance Lignin (HP-LTM) to development partners for several industrial production trials.
"Lignol is fast becoming a preferred partner with companies looking to incorporate the benefits of High Performance Lignin in their product lines," said Ross MacLachlan, President and CEO. "Growing requests for large quantities of our pure lignin validate our position and focus in the renewable chemicals market, which is a growing, multi-billion dollar industry."
Lignol reported in April that it had commenced sales of its proprietary HP-LTM to development partners for industrial production trials. Several of those trials have commenced and results to date continue to meet expectations. Lignol expects to report on the progress as final results become available. At the same time, Lignol has begun to ship additional tonnage quantities of HP-LTM to fill new orders from partners who are undertaking new trials.
Industrial trials are an important part of the process to obtain customer acceptance of products incorporating High Performance Lignins and are a significant step forward for Lignol in the development of off-take agreements to support the construction of a commercial biorefinery.
About Lignol
Lignol (TSXV: LEC) is a Canadian company undertaking the development of biorefining technologies for the production of advanced biofuels, including fuel-grade ethanol, and renewable chemicals from non-food cellulosic biomass feedstocks. Lignol's modified solvent based pre-treatment technology facilitates the rapid, high-yield conversion of cellulose to ethanol and the production of renewable chemicals, including high purity HP-LTM lignins. HP-LTM lignin represents a new class of high purity lignin extractives (and their subsequent derivatives) which can be engineered to meet the chemical properties and functional requirements of a range of industrial applications that until now has not been possible with traditional lignin by-products generated from other processes. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale. Lignol also intends to invest in, or otherwise obtain, equity interests in energy related projects which have synergies with its biorefining technology. For more information, please visit Lignol's website at www.lignol.ca.