RE: NEWS..More Progress for HP-L Lignin...This new foundry resin is yet another renewable chemical formulation containing Lignol's High Performance Lignin (HP-L(TM)).
Consistent with previous HP-L derivatives, this product also met or exceeded customer requirements for performance and reduced smoke and odor at pouring.
Further, and also consistent , the new resin formulation displaces certain petrochemicals normally found in resins by using Lignol's HP-L(TM), a renewable chemical made from biomass.
While this is not an offtake agreement , the two companies are now in the process of negotiating the terms of a supply agreement to enable HAI to continue shipping the new resin formulation to its customer and HAI will begin to evaluate other formulations within the company's product line to incorporate HP-L(TM).
As is obvious, if Lignol can secure more of these supply agreement, it wont require a single offtake but will use their collective financial clout to move to commecial sized biorefinery and thence to ethanol production.
Lignol is having success on all fronts both patent and product acceptance.
One would be a fool to sell at these prices.............