Lignol to Collaborate with Weyerhaeuser to Explore Commercial Development of Cellulose-based Products and Biochemicals
VANCOUVER, Sept. 30 /PRNewswire-FirstCall/ - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the lignocellulosic biorefining sector, today announced that it has signed a Memorandum of Understanding (the "MOU") with Weyerhaeuser Company ("Weyerhaeuser") (NYSE: WY) to explore the development of commercial applications of biochemical outputs from Lignol's proprietary biorefining technology. The parties have also agreed to evaluate the development of a commercial-scale Lignol biorefinery plant at or near a Weyerhaeuser mill site. The MOU excludes applications for transportation fuel. The initial scope of the MOU involves the testing of certain biomass feedstocks within Lignol's facilities, including Lignol's integrated industrial-scale biorefinery pilot plant located in Burnaby, British Columbia. As part of the MOU, the two companies will assess yields and qualities of the biorefinery process outputs, which include cellulose fibers and HP-L(TM) High Purity Lignin ("HP-L(TM) Lignin"), for commercial potential and evaluate the development of a commercial-scale Lignol biorefinery plant at or near a Weyerhaeuser mill site. "Lignol and Weyerhaeuser share a vision of developing markets and manufacturing plants that utilize technology for converting abundant cellulose-based, non-food biomass into economical and environmentally sustainable cellulose fiber and biochemicals," said Ross MacLachlan, President and Chief Executive Officer of Lignol. "We are delighted to work with Weyerhaeuser on this exciting business initiative. Lignol's technology and know-how coupled with Weyerhaeuser's access to significant biomass feedstock reserves, infrastructure and markets for our products, makes for a compelling collaboration." "While we continue to move forward with the planning and development of our cellulosic ethanol commercial demonstration plant in Colorado, recent developments have provided near-term commercial opportunities to exploit and broaden our market opportunities for a range of cellulosic derivatives and environmentally sustainable biochemicals. We intend to aggressively pursue these opportunities with strategic partners," added Mr. MacLachlan. Lignol Manufacturing Process and HP-L(TM) High Purity Lignin Lignol's specialized, solvent-based biorefinery process produces a unique high-quality cellulose fiber that has applications in certain specialty markets. Further, Lignol's biorefinery process generates high-purity lignin, trademarked as HP-L(TM) Lignin, a unique organic compound that is differentiated from other types of lignins that are typically produced as by-products in the traditional Kraft pulp manufacturing process. The unique chemical and physical properties of HP-L(TM) Lignin include: greater purity, an absence of sulphur, low mineral content, hydrophobic properties and higher reactivity. Lignol has developed novel methods to produce different lignins from each of the non-food cellulosic feedstocks it has processed. Materials with novel properties can be developed from HP-L(TM) Lignin. For example, HP-L(TM) Lignin can be blended with industrial adhesives such as phenol formaldehyde, isocyanates and epoxy resins that can be used in coatings, and as a precursor for carbon fiber production, thereby reducing the use of and dependency on petrochemicals. About Weyerhaeuser Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com. About Lignol Lignol (TSX-V: LEC) is a Canadian company 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 a HP-L(TM) High Purity Lignin. Lignol is executing on its development plan through strategic partnerships to further develop and integrate its core technologies on a commercial scale. Lignol also intends to invest in, or otherwise obtain, equity interests in energy related projects which have synergies with its biorefining technology. For more information about Lignol, please visit our website at www.lignol.ca.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Caution concerning forward-looking statements: Certain statements contained in this document may constitute forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, without limitation, statements or information about the planning and development of our cellulosic ethanol commercial demonstration plant in Colorado, our ability to exploit commercial opportunities and broaden our market opportunities for a range of cellulosic derivatives and environmentally sustainable biochemicals and our ability to pursue these opportunities with strategic partners. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements or information reflect Lignol's current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, without limitation, our ability to finance the development of the commercial demonstration plant, our ability to develop our products, our ability to obtain requisite regulatory approvals and our ability to enter into agreements with strategic partners on terms acceptable to us. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Lignol's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, the complexity of the development of the commercial demonstration plant, market conditions which will effect our ability to finance our operations, risks relating to the protection of Lignol's core technology from infringement and those risk factors which are discussed elsewhere in documents that Lignol files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Except as required by law, the Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
SOURCE Lignol Energy Corporation
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