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Lignol Energy and HA International Announce Joint Product Development Agreement for High Purity Lignin HP-L™

Published on 2008-09-16. Author : SpecialChem

VANCOUVER and WESTMONT, IL -- Lignol Energy Corporation ("Lignol") a leading technology company in the cellulosic ethanol and biorefining sector, and HA International ("HAI"), North America's largest supplier of products for foundry core and mold production, announced a Joint Development Agreement (the "Agreement") for the development of commercial applications incorporating Lignol's unique, High-Purity Lignin HP-L™ ("HP-L™") in foundry binders and associated applications.

The Agreement sets forth a program to incorporate Lignol's renewable and sustainable HP-L™ into existing and potentially new foundry binder applications of HAI. The Agreement includes an exclusive conditional supply agreement for a substantial portion of the lignin output from the proposed Lignol commercial demonstration plant, whose terms shall be effective upon the successful conclusion of the joint development program and the construction of Lignol's commercial demonstration plant.

"The development of products containing renewable and sustainable materials that have environmental benefits is a major objective of HAI's EcoMission program for the foundry industry and is consistent with the industry's commitment to sustainability," said Keith McLean, President of HA International.

"The potential revenues associated with such Supply Agreements are an important component of the overall revenues and economic returns that can be derived from the Lignol biorefinery process," said David Turner, Executive Vice President of Lignol.

"This Agreement demonstrates continued progress in the development of potentially large-scale commercial applications for Lignol's HP-L™. HAI has tremendous experience and market access as the largest supplier of foundry binders in North America, and we are delighted to be working with them to create novel environmentally sustainable product," added Dr. William Armiger, Lignol's VP Specialty Chemicals.

In converting non-food cellulosic biomass feedstocks, such as agricultural residues and forestry waste, into ethanol, the Lignol biorefining process fractionates the biomass, and extracts lignin, which naturally occurs in all cellulosic biomass, to produce a range of unique HP-L™ materials. These have been shown to have application in a wide range of industrial products replacing materials typically derived from petrochemicals, with a consequent reduction of greenhouse gas formation.

About HA International ("HAI")

HA International (HAI) serves the North American foundry industry as the largest supplier of products for core/mold production. HAI offers the North American foundries the most comprehensive range of products supported in three market segments: Resins Systems for bonding sand; Resin Coated Sand (RCS) for the shell process; and Refractory Coatings. Resin systems include: shell resins, ester cured phenolic coldbox and nobake resins, phenolic urethane coldbox and nobake resins, acid curing furan and phenolic resins, hot box resins, and inorganic binders. RCS's available from HAI include products for general purpose, aluminum, low nitrogen and specialty coated sands such as zircon. Refractory coatings include products for iron, steel, and lost foam applications, and foundry ancillary products such as adhesives and release agents.

About Lignol

Lignol is a Canadian company undertaking the development of biorefining technologies for the production of fuel-grade ethanol and other biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's modified solvent based pre-treatment technology facilitates the rapid, high-yield conversion of cellulose to ethanol and the production of value-added biochemical co-products, including a High Purity Lignin HP-L™. Lignol is executing on its development plan through strategic partnerships to further develop and integrate the core technologies on a commercial scale. Lignol also intends to invest in, or otherwise obtain, equity interests in energy related projects which have synergies with its biorefining technology.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

Certain statements contained in this document may constitute "forward-looking statements". When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "investigate", "looking at" as they relate to Lignol or its management, are intended to identify forward-looking statements or information. Such statements or information reflect Lignol's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Lignol's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, those risk factors which are discussed elsewhere in documents that Lignol files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.

Source: Lignol Energy Corporation


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