In addition, the company has also entered into a collaboration agreement to provide aid for the restart of TBF’s 150 million liter per year biodiesel plant and glycerin refinery located in Darwin, Australia.
Commenting on the alliance, Lignol Energy chairman and CEO Ross MacLachlan stated: "On the heels of our recent investment in TBF and our previously announced technology collaboration, we plan to work with TBF to finance the restart of this world class facility and to capitalize on current global trends that appear to indicate increasing demand and profit margins for biodiesel."
In its statement, the company said the technology collaboration agreement is towards technical assistance from Lignol and its partners with respect to restart of the facility.
The agreement also facilitates the potential integration of new pretreatment technologies and catalysts to facilitate the processing of a broad range of low cost feedstocks.
