Lignol Energy invests in Neutral Fuels to fund expansion plans

In Canada, Lignol Energy Corporation announced that it will provide funding of A$4,070,000 to acquire a 40% equity stake in Neutral Fuels Parent Company and a 51% interest in Neutral Fuels’ Australia and New Zealand biodiesel operation, Neutral Fuels (Melbourne) Pty Ltd. This funding is for the deployment of the next phase of a planned rollout of closed loop biorefineries throughout the Asia Pacific/Middle East/Africa region in an agreement with the McDonald’s Restaurants used cooking oil biodiesel program.  Under the agreement with McDonald’s, Neutral Fuels currently operates two closed loop biorefineries located in Dubai, United Arab Emirates and Melbourne, Australia.