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Last updated on April 17, 2014 at 21:23 EDT

Lignol successfully completes enzyme optimization work with Novozymes

September 6, 2012

VANCOUVER, Sept. 6, 2012 /CNW/ – Lignol Energy Corporation (TSXV: LEC)
(“Lignol” or “the Company”), a leading technology company in the
advanced biofuels and renewable chemicals sector, today announced that
it has successfully completed a major body of work in producing
cellulosic ethanol at Lignol’s pilot-scale biorefinery, in partnership
with Novozymes Inc., a world leader in bio-innovation.

The work involved optimization of process conditions for the use of
Novozymes’ latest cellulase enzyme preparation, Cellic(®) CTec 3, with Lignol’s substrate, using Lignol’s 2,500 L fermenters. 
Performance improvements of up to 35% were observed, as compared to
previously best achieved results.

“The results from this collaborative project represent a substantial
achievement due to the efficiency gains we have made over the last two
years with our own process improvements and through the leadership of
Novozymes in enzyme development,” said Ross MacLachlan, President and
CEO of Lignol. “We plan to continue our collaboration with Novozymes to
reach our goal of producing cellulosic ethanol at production costs
competitive with gasoline and corn ethanol.”

About Lignol:

Lignol (TSXV: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of advanced biofuels,
including fuel-grade ethanol, and other renewable chemicals 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 high purity HP-L(TM) lignins.  HP-L(TM) lignin represents a new class of high purity lignin extractives (and
their subsequent derivatives) which can be engineered to meet the
chemical properties and functional requirements of a range of
industrial applications that until now has not been possible with
traditional lignin by-products generated from other processes. Lignol
is executing on its development plan through strategic partnerships to
further develop and integrate its 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.  For more information please visit Lignol’s
website at www.lignol.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking statements:

Certain statements contained in this document may constitute
forward-looking information within the meaning of applicable securities
laws.  Such forward-looking statements or information include, without
limitation, statements or information about our ability to continue as
a going concern and to raise additional financing to fund operations,
the development status of our fully integrated pilot-scale biorefinery
in Burnaby, British Columbia, the planning and development of our
proposed commercial plant, our ability to complete project deliverables
which are funded in part by government agencies, obtaining strategic
partnership investments and government funding for initial commercial
projects.  Often, but not always, forward-looking statements or
information can be identified by the use of words such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not
anticipate”, or “believes” or variations of such words and phrases or
words and phrases that state or indicate that certain actions, events
or results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved.  Such statements or information reflect Lignol’s
current views with respect to future events and are subject to certain
risks, uncertainties and assumptions including, without limitation, our
ability to establish the validity of our technology at the fully
integrated biorefinery pilot plant scale, our ability to satisfy the
conditions of existing government grants and to obtain new additional
grants, our ability to continue to finance our operations and to
finance and complete the development of a commercial project, our
ability to work with Novozymes to produce cellulosic ethanol at
production costs competitive with gasoline and corn ethanol, our
ability to develop our products and to obtain off-take agreements, our
ability to obtain requisite regulatory approvals and our ability to
enter into agreements with strategic partners on terms acceptable to
us, the inability to influence the strategy, operations and financial
performance of Australian Renewable Fuels (“ARW”), the reliance on
publically available information of ARW in LEC’s evaluation of its
acquisition of shares in ARW, the potential inability to divest the ARW
ordinary shares due to modest trading volumes, the cost of future ARW
capital investment, the fluctuation of biodiesel and feedstock on ARW,
the effect on ARW of changes in government policy relating to the
environment, and incentives for renewable fuels.  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, the
technological challenges that remain to be surpassed in obtaining the
necessary operating data from our fully integrated biorefinery pilot
plant that is required prior to completing the next scale-up of the
technology, financial market conditions which will impact our ability
to finance our operations and to finance the construction and operation
of a commercial plant, the price of gasoline and demand for ethanol,
the market pricing and demand for renewable chemicals, risks relating
to the protection of Lignol’s core technology from infringement and
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.  Except as required by law, 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


Source: PR Newswire