Lignol Energy invests in re-start of Darwin, Australia biodiesel plant

In Canada, Lignol Energy Corporation announced that it has subscribed for convertible notes with a principal value of A$1.18 million issued by Territory Biofuels Limited and signed a Technology Collaboration Agreement that includes a package of technical and further assistance to aid in the restart of TBF’s 150 million liter per year biodiesel plant and glycerine refinery located in Darwin, Australia. The terms of the Notes provide for conversion into an equity position for LEC of between 20% to 40% in TBF, depending on a range of criteria related to the development of the Darwin facility.