Lignol & Suncor Sign Cellulosic Ethanol Development Deal

Lignol Energy Corporation announced that it has entered into a cellulosic ethanol project development agreement with Suncor Energy Products Inc., a wholly owned subsidiary of Suncor Energy Inc. As part of the agreement, Suncor has agreed to assist Lignol with development work on a previously announced commercial demonstration cellulosic ethanol facility to be located in Grand Junction, Colorado.

The agreement also calls for both parties to negotiate a comprehensive joint venture arrangement to progress the development of Lignol’s technology from the pilot plant stage, to the commercial demonstration plant stage through to the ultimate commercial deployment of the technology. It is expected that Suncor would have a controlling interest in the joint venture.

“We are delighted to continue working closely with Suncor on the scale-up of this next generation biofuels technology. Suncor’s experience in pioneering process technologies within the liquid transportation fuels sector, coupled with their expertise in deploying world scale energy projects, will be a tremendous asset in taking our technology through its evolution from pilot to commercial scale,” said Ross MacLachlan, president and CEO of Lignol.

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