The Online Investor
Oil & Gas Refining & Marketing M&A image 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.

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.

Open the LEC.CA Page at The Online Investor »

Company Name: 
Lignol Energy Corp
Website: 
www.lignol.ca
Sector: 
Oil & Gas Refining & Marketing
 

Open the LEC.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Oil & Gas Refining & Marketing M&A - Slide 28 of 48 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.