A project led by a subsidiary of Vancouver's Lignol Energy Corp. (TSX-V:LEC) has won a $4.7 million in funding from Sustainable Development Technology Canada.
The new project will add to Lignol's industrial scale pilot plant in Burnaby. The scope of the new project will focus on further improving the environmental and economic benefits of Lignol's cellulostic ethanol technology.
It will focus on developing new ways to use hemicellulose-derived sugars to enhance ethanol yields and to demonstrate industrial, value-added applications for Lignol's high purity lignin which uses a wide range of non-food feedstocks including long dead, bettle-killed, lodgepole pine.
Lignol's share price range during the past week: between $0.15 and $0.17; 52-week high: $0.44; 52-week low: $0.07.