RE: RE: Haywood resumes buyingIt is worth noting that , earlier in the summer, production trials of the new foundry resin with HA International met or exceeded customer requirements for performance and reduced smoke and odor at pouring. The new resin formulation displaces certain petrochemicals normally found in resins by using Lignol's HP-L(TM), a renewable chemical made from biomass.
It was reported at the time that the two companies were 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).
HP-L includes a suite of derivative products , several of which have proceeded to production trials.
LEC have stated that commercialization is expected in 2012 and will likely involve an offtake sales agreement.
Have patience, my friend.