Lignol Energy and HA International Announce Joint Product ...

Tag : Phenolic Resin

VANCOUVER and WESTMONT, IL, Sept 11, 2008 /PRNewswire-FirstCall viaCOMTEX/ ----Lignol Energy Corporation ("Lignol") (TSX-V: LEC) aleading technology company in the cellulosic ethanol andbiorefining sector, and HA International ("HAI"), North America'slargest supplier of products for foundry core and mold production,today announced a Joint Development Agreement (the "Agreement") forthe development of commercial applications incorporating Lignol'sunique, High-Purity Lignin HP-L(TM) ("HP-L(TM)") in foundry bindersand associated applications.
The Agreement sets forth a program to incorporate Lignol'srenewable and sustainable HP-L(TM) into existing and potentiallynew foundry binder applications of HAI. The Agreement includes anexclusive conditional supply agreement for a substantial portion ofthe lignin output from the proposed Lignol commercial demonstrationplant, whose terms shall be effective upon the successfulconclusion of the joint development program and the construction ofLignol's commercial demonstration plant.
"The development of products containing renewable and sustainablematerials that have environmental benefits is a major objective ofHAI's EcoMission program for the foundry industry and is consistentwith the industry's commitment to sustainability," said KeithMcLean, President of HA International.
"The potential revenues associated with such Supply Agreements arean important component of the overall revenues and economic returnsthat can be derived from the Lignol biorefinery process," saidDavid Turner, Executive Vice President of Lignol.
"This Agreement demonstrates continued progress in the developmentof potentially large-scale commercial applications for Lignol'sHP-L(TM). HAI has tremendous experience and market access as thelargest supplier of foundry binders in North America, and we aredelighted to be working with them to create novel environmentallysustainable product," added Dr. William Armiger, Lignol's VPSpecialty Chemicals.
In converting non-food cellulosic biomass feedstocks, such asagricultural residues and forestry waste, into ethanol, the Lignolbiorefining process fractionates the biomass, and extracts lignin,which naturally occurs in all cellulosic biomass, to produce arange of unique HP-L(TM) materials. These have been shown to haveapplication in a wide range of industrial products replacingmaterials typically derived from petrochemicals, with a consequentreduction of greenhouse gas formation.
About HA International ("HAI")
HA International (HAI) serves the North American foundry industryas the largest supplier of products for core/mold production. HAIoffers the North American foundries the most comprehensive range ofproducts supported in three market segments: Resins Systems forbonding sand; Resin Coated Sand (RCS) for the shell process; andRefractory Coatings. Resin systems include: shell resins, estercured phenolic coldbox and nobake resins, phenolic urethane coldboxand nobake resins, acid curing furan and phenolic resins, hot boxresins, and inorganic binders. RCS's available from HAI includeproducts for general purpose, aluminum, low nitrogen and specialtycoated sands such as zircon. Refractory coatings include productsfor iron, steel, and lost foam applications, and foundry ancillaryproducts such as adhesives and release agents.
More information about HAI can be found at www.ha-international.com
About Lignol
Lignol (TSX-V: LEC) is a Canadian company undertaking thedevelopment of biorefining technologies for the production offuel-grade ethanol and other biochemical co-products from non-foodcellulosic biomass feedstocks. Lignol's modified solvent basedpre-treatment technology facilitates the rapid, high-yieldconversion of cellulose to ethanol and the production ofvalue-added biochemical co-products, including a High Purity LigninHP-L(TM). Lignol is executing on its development plan throughstrategic partnerships to further develop and integrate the coretechnologies on a commercial scale. Lignol also intends to investin, or otherwise obtain, equity interests in energy relatedprojects which have synergies with its biorefining technology. Formore information about Lignol, please visit our website atwww.lignol.ca.
Caution concerning 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" asthey relate to Lignol or its management, are intended to identifyforward-looking statements or information. Such statements orinformation reflect Lignol's current views with respect to futureevents and are subject to certain risks, uncertainties andassumptions. Forward-looking statements and information arenecessarily based upon a number of estimates and assumptions that,while considered reasonable by management, are inherently subjectto significant business, economic and competitive uncertainties andcontingencies. Many factors could cause Lignol's actual results,performance or achievements to be materially different from anyfuture results, performance or achievements that may be expressedor implied by such forward-looking statements or information,including among other things, those risk factors which arediscussed elsewhere in documents that Lignol files from time totime with securities regulatory authorities. Should one or more ofthese risks or uncertainties materialize, or should assumptionsunderlying the forward-looking statements or information proveincorrect, actual results may vary materially from those describedherein as intended, planned, anticipated, believed, estimated orexpected. The Company expressly disclaims any intention orobligation to update or revise any forward looking statements andinformation whether as a result of new information, future eventsor otherwise. All written and oral forward-looking statements andinformation attributable to us or persons acting on our behalf areexpressly qualified in their entirety by the foregoing cautionarystatements.
SOURCE Lignol Energy Corporation