Vancouver, British Columbia – September 10, 2009 – Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that a project led by its wholly-owned subsidiary, Lignol Innovations Ltd., has been awarded up to $4.72 million in funding contributions from Sustainable Development Technology Canada (“SDTC”).
This new SDTC supported project builds on Lignol’s world-class, fully integrated, industrial scale pilot plant facility now operating in Burnaby, British Columbia. The scope of the new work plan is concentrated on further improving the environmental and economic benefits of Lignol’s cellulosic ethanol technology package. The primary objectives of the work plan are to: demonstrate new innovative technologies that will greater utilize hemicellulose derived sugars to enhance ethanol yields; and to demonstrate industrial, value added applications for Lignol’s high purity lignin (“HP-LTM Lignin”) utilizing a wide range of non-food feedstocks including, long dead, beetle killed, Lodgepole pine.
“Canada is committed to investing in new and innovative technologies to support the development of the renewable biofuels industry in Canada,” said SDTC President and CEO Vicky Sharpe. “These next generation technologies could generate even greater environmental benefits than traditional renewable fuels by utilizing a diverse range of non-food feedstock including agricultural residues and long dead, beetle killed, Lodgepole pine. The technology developed by Lignol has the potential to bring Canada one step closer to this goal and to secure its place as a global leader in the production of next-generation biofuels.”
"Working closely with SDTC over the past few years has resulted in very tangible results for Lignol. This partnership has culminated in the establishment of our world-class pilot plant, that has become a showcase to those looking for technologies that greater utilize the forestry and agricultural resources available to us here in Canada and indeed across the world,” said Ross MacLachlan, President and CEO of Lignol. “We are striving to cost effectively produce renewable and sustainable biofuels with the lowest carbon footprint in the world. SDTC’s contribution to this new work plan is vitally important for us to achieve the three goals of enhancing the economics of our next generation biorefinery, removing the need for long-term government subsidies and further improving the GHG footprint of Lignol’s technology.”
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate. For more information, please visit: www.sdtc.ca.
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 high purity HP-L™ lignins. Lignol is executing on its development plan through strategic partnerships to further develop and integrate the 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, please visit www.lignol.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. 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. 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, amongst other things, 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.
For further information:
Lignol Energy Corporation
Paul Hughes
Vice President Corporate Development
& Communications
Tel: 604-222-9800 ext. 110
Email: phughes@lignol.ca
Email: info@lignol.ca The Equicom Group
Bruce Wigle
Investor Relations
Tel: 416-815-0700 ext. 228
Email: bwigle@equicomgroup.com