Lignol loss widens as cellulosic ethanol pioneer sets 2010 goal to evaulate opportunities for commercial-scale plant
In Canada, Lignol Energy reported a full-year loss of $6.2 million compared to a loss of $4.6 million for the previous year, and said that the wider losses reflected an increase in R&D spending to $13.3 million. The company has operations in Pennsylvania and a technology development center in Burnaby, British Columbia.
Lignol CEO Ross MacLachlan said that the company’s 2010 goals are to “evaluate specific locations and opportunities for constructing a major commercial demonstration plant and to further develop commercial applications for our biochemical products.”
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