Tag: Lignol Energy

LEC teams with M Energy to re-start Darwin project

LEC teams with M Energy to re-start Darwin project

April 7, 2014 |

In Canada, Lignol Energy Corporation signed an MOU with M Energy establishing the framework by which the two companies will work together to restart LEC’s 140 million liter per year biodiesel plant and incorporate M Energy’s proprietary pre-treatment technology. The Parties have been in discussions regarding an investment structure which, if successful, would provide sufficient […]

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

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 […]

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Lignol Energy invests further in Australia’s largest biodiesel plant

Lignol Energy invests further in Australia’s largest biodiesel plant

August 19, 2013 |

In Canada, Lignol Energy says it will invest up to a further A$1,000,000 in Territory Biofuels Limited, the owner of the largest biodiesel plant in Australia. Upon completion, LEC will increase its majority holding to up to approximately 66% of the issued and outstanding shares of TBF and up to approximately 68% on a fully […]

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Lignol Energy sets up new revolving credit facility for $12.5 million

Lignol Energy sets up new revolving credit facility for $12.5 million

August 15, 2013 |

In Canada, Lignol Energy says it has replaced its secured credit facility of $5 million, which was amended on July 9, 2013 for up to $6.25 million, with a new secured revolving credit facility of up to $12.5 million with Difference Capital Financial Inc., who prior to this transaction own 33.9% of LEC on a […]

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

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

April 17, 2013 |

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 […]

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Lignol reports $0.4 million loss in Q4 2012

Lignol reports $0.4 million loss in Q4 2012

August 31, 2012 |

In Canada, Lignol Energy reported a $0.4 million net loss in the quarter ending April 30, 2012, compared to a net loss of $0.8 million in the quarter ending April 30, 2011. The $0.4 million decrease in the net loss for the current period arose from a $0.6 million reduction in government and corporate contributions, […]

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