RE: LEC Getting "New" Orders, "New" Customers...I could not be more pleased.
Ross and his team over the past 3 years have worked very hard to lay the ground work for their second generation refinery now appears will be very profitable for both its ethanol production and its ( more valuable ) high perf lignin products.
These technologies will be a great demand, not only by current corn-based ethanol producers who will have to convert, but by many other industrial users who will replace their more expensive hydrocarbon products with lignin derivtives.
The proposed biorefinery will produce 20 million gals of ethanol per year and 55,000 tons of HP-L lignin derivatives.
Gross revenues , excluding the patent royalties, from this initial refinery alone with be in excess of $100 million per year and it looks more and more probable that the HP-L credits will enable the ethanol to be produced for free.
At current prices, that would generate operating earnings by Lignol of about $50 million per year.
Great job by a great team.