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Canada's Lignol raises stake in biodiesel-glycerine facility in Australia

6:37 AM MDT | August 22, 2013 | Francinia Protti-Alvarez

Lignol Energy Corp. (Burnaby, BC) will invest a further sum of up to A$1 million  ($903,000) in Territory Biofuels (TBF; Darwin, Australia), the owner of the largest biodiesel plant in Australia, the company has announced. Lignol, on completion, will have increased its majority holding to approximately 66% of the issued and outstanding shares of TBF and up to approximately 68% on a fully diluted basis. TBF owns a large-scale biorefining facility at Darwin, which includes a biodiesel plant and the largest glycerine refinery in Australia. It has a capacity of...

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