Lignol Energy to set up JV with Milio in feedstock deal for Australia

February 13, 2014 |

In Canada, Lignol Energy signed an MOU with Milio International and LEC’s subsidiary, Territory Biofuels Limited for the development of a joint venture. Under the terms of the planned JV, it is anticipated that Milio will fund up to 120,000 tons of feedstock per year as well as facilitate the marketing and sales of the production from TBF’s 140 million liter per year biodiesel plant located in Darwin, Australia.  At full production capacity this funding is expected to provide working capital funding of approximately $25 million.

Category: Fuels

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