Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Mon., Sep. 20, 10:42 AM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #28. Lignol Energy Corporation — Stake in Neutral Fuels
Acquirer:
Lignol Energy Corporation (LEC.CA)
Acquiree:
Stake in Neutral Fuels
Details:
Lignol Energy Corporation (TSXV: LEC) ("LEC" or "the Company"), a leading technology company in the advanced biofuels and renewable chemicals sectors, today announced that it will provide funding of A$4,070,000 to acquire a 40% equity stake in Neutral Fuels Parent Company ("Neutral Fuels") and a 51% interest in Neutral Fuels' Australia and New Zealand biodiesel operation, Neutral Fuels (Melbourne) Pty Ltd. ("NFANZ"). 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 ("APMEA") 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.
Lignol Energy is a development stage company. Co. is engaged in the development and commercialization of its proprietary biorefinery technologies for the production of fuel-grade ethanol and other biochemicals from nonfood cellulosic biomass feedstocks including HP-L™ lignin. Co.'s biorefinery technology provides the potential benefits of utilizing readily available, low-cost feedstocks obtained from forest products and agricultural residues, to produce ethanol and create biochemical co-products with the potential to displace a range of chemicals and materials which are derived from fossil fuels.
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