Lignol see no loss to its future
For the year ended 30 April 2009 Canadian cellulosic ethanol developer Lignol made a loss of $6.2 million (€4.4 million) compared to a loss of $4.6 million in fiscal 2008.
The company has spent more on research and development attributed to the construction and start-up of operations of the company’s new fully integrated pilot plant and expansion of research and lignin product development expenditures.
Lignol’s cellulosic operations are gaining pace. For 2010 the company’s goals include the continued advancement of strategic partnerships to evaluate specific locations and opportunities for constructing a major commercial demonstration plant and to further develop commercial applications for our biochemical products.
The company entered fiscal 2010 on solid financial footing, with $9.5 million in cash and cash equivalents and committed funding from existing government and corporate contributions to fund a comprehensive technology development programme in the coming year.
Lignol is also actively seeking additional financial support from various existing and proposed government programmes and corporate partners.
Lignol is undertaking the development of biorefining technologies for the production of fuel-grade ethanol and other biochemical co-products 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 value-added biochemical co-products, including HP-L Lignin. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale.
The company has spent more on research and development attributed to the construction and start-up of operations of the company’s new fully integrated pilot plant and expansion of research and lignin product development expenditures.
Lignol’s cellulosic operations are gaining pace. For 2010 the company’s goals include the continued advancement of strategic partnerships to evaluate specific locations and opportunities for constructing a major commercial demonstration plant and to further develop commercial applications for our biochemical products.
The company entered fiscal 2010 on solid financial footing, with $9.5 million in cash and cash equivalents and committed funding from existing government and corporate contributions to fund a comprehensive technology development programme in the coming year.
Lignol is also actively seeking additional financial support from various existing and proposed government programmes and corporate partners.
Lignol is undertaking the development of biorefining technologies for the production of fuel-grade ethanol and other biochemical co-products 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 value-added biochemical co-products, including HP-L Lignin. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale.
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