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Bullboard - Stock Discussion Forum Lignol Energy Corporation V.LEC

TSXV:LEC - Post Discussion

Lignol Energy Corporation > Superb.Blue Chip joins LEC's Consortium
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Post by TheRock07 on Apr 05, 2011 10:18am

Superb.Blue Chip joins LEC's Consortium

Metso Paper USA Joins Lignol's Industrial Consortium
4/5/2011 8:30 AM - Canada NewsWire

VANCOUVER, Apr 5, 2011 (Canada NewsWire via COMTEX News Network) --
Lignol Energy Corporation ("Lignol", TSX-V: LEC) a leading technology company in the advanced biofuels and renewable chemicals sectors, today announced that Metso Paper USA, Inc. (Metso) has joined Lignol's Sustainable Development Technology Corporation (SDTC) funded consortium.

"Lignol is pleased to welcome Metso as an industrial consortium member and we look forward to continuing the excellent relationship we've developed with them over the past several years," said Ross MacLachlan, President & CEO. "Metso's contribution of support to our SDTC Project is anticipated to accelerate the development of our technology as we continue to drive down capital and operating costs."

About the SDTC project

SDTC is an arm's length foundation created by the Government of Canada which operates two funds aimed at the development and demonstration of innovative technological solutions. In addition to funding from SDTC's Tech Fund, Lignol has received financial and in-kind support from its consortium partners to pilot and commercialize its Biorefinery Technology.

The current project focuses on implementing three major innovations:

-- Enhancing Lignol's biorefinery to generate multiple co-products and handle diverse feedstocks, including long-dead, beetle-killed Lodgepole pine; -- Greater use of the hemicellulose-derived sugars to increase yields of ethanol and other sugar platform chemicals such as glycols; and -- Demonstrating higher value applications for Lignol's High Purity HP-L??? Lignin.


About Metso

Metso is a global supplier of sustainable technology and services for the mining, construction, power generation, automation, recycling and the pulp and paper industries. Metso has about 28,500 employees in more than 50 countries worldwide. For more information about Metso, please visit their website at www.metso.com.

About Lignol
Comment by birchjunk on Apr 05, 2011 12:37pm
This is very positive newsMetso Paper is a big player and could be the joint partner for the commercial plant.Hayward  has a .40 short-term target.
Comment by birchjunk on Apr 12, 2011 12:38pm
Hayward is the only house  covering this stock.Watch for an upgrade from 40 cents,
Comment by TheRock07 on Apr 13, 2011 12:53pm
Some solid buying by Hayward again today.Very good sign.
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