British Columbia Bioenergy Network Grants $1.82 Million Funding to Lignol

    VANCOUVER, Feb. 4 /CNW/ - Lignol Energy Corporation (TSX-V: LEC)
("Lignol" or "the Company"), a leading technology company in the cellulosic
ethanol and biorefining sector, today announced that a project led by its
wholly-owned subsidiary, Lignol Innovations Ltd. has been awarded up to $1.82
million in funding assistance from BC Bioenergy Network Association ("BCBN").
    "We are delighted to announce this funding to Lignol. With nearly 50
Expressions of Interest representing over half a billion dollars in projects
and requested funding totaling $177 million, Lignol's application and
technology stood out as a superb candidate for investment," stated Michael
Weedon, Executive Director of BCBN. "We believe Lignol's cellulosic ethanol
and biorefining technology has the potential to add considerable value to
bioenergy resources within British Columbia. Through our contribution to the
development of the technology, and in particular to the fully integrated
biorefinery pilot plant that Lignol is in the final stages of commissioning,
BCBN is a key partner in the commercialization of these technologies and the
opportunities they will bring to the Province."
    "Lignol is very pleased to receive this funding from BCBN," said Ross
MacLachlan, President & CEO of Lignol. "We have invested significantly in
British Columbia culminating in an overall investment in the region of some
$20 million and a work force of 37 highly-skilled and dedicated employees at
our world-class Biorefinery Technology Centre located on the BCIT campus. The
support from BCBN will play a crucial role in our continued success."
    Successful commercialization of Lignol's cellulosic ethanol and
biorefining technologies could help support a number of Provincial and Federal
initiatives, including: 1) the reduction of greenhouse gas emissions by
replacing fossil fuels with low carbon ethanol; 2) the utilization of mountain
pine beetle fibre and other softwood residues in the production of low-carbon
transportation fuel and other biochemical co-products, such as High Purity
Lignin ("HP-L(TM) Lignin"); and 3) the development of BC technologies that
have strong potential for export.

    About the BC Bioenergy Network

    Established in April 2008 with a $25 million grant from the BC
government, the BC Bioenergy Network is an industry-led association that acts
as a catalyst for deploying near-term bioenergy technologies and organizing
mission-driven research for the development and demonstration of new bioenergy
technologies that are environmentally appropriate for the province of BC.
Based on a recently-held focus group, BCBN identified the following technology
areas requiring funding support: solid wood residues, pulp and paper residues,
harvesting and pelletization, agriculture residues, municipal wastewater,
municipal landfill waste, municipal solid waste, and community
heating-electricity greenhouse systems. BC is well positioned to become a
major player in the global bioenergy sector. The province is steward to one of
the largest forested areas in the world, and a leader in biomass to
value-added wood products. The BC Bioenergy Network will provide the
leadership to make BC a world leader in developing and marketing
wood-to-bioenergy and other bioenergy technologies. For more information about
the BCBN, visit

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products 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 HP-L(TM) Lignin. Lignol is
executing on its development plan through strategic partnerships to further
develop and integrate the core technologies on a commercial scale. Lignol also
intends to invest in, or otherwise obtain, equity interests in energy-related
projects that have synergies with its biorefining technology. For more
information about Lignol, visit

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    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 the planning and development of our cellulosic
ethanol commercial demonstration plant in Colorado, our ability to exploit
commercial opportunities and broaden our market opportunities for a range of
cellulosic derivatives and environmentally sustainable biochemicals and our
ability to pursue these opportunities with strategic partners. 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 finance the
development of the commercial demonstration plant, our ability to develop our
products, our ability to obtain requisite regulatory approvals and our ability
to enter into agreements with strategic partners on terms acceptable to us.
Forward-looking statements and information are necessarily based upon a number
of estimates and assumptions that, while considered reasonable by management,
are inherently subject to significant business, economic and competitive
uncertainties and contingencies. 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 complexity of the development of the commercial demonstration
plant, market conditions which will effect our ability to finance our
operations, 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.

    %SEDAR: 00004360E

For further information:

For further information: Lignol Energy Corporation: Paul Hughes, Vice
President Corporate Development & Communications, Tel: (604) 453-1246, Email:, Email:; Bruce Wigle, Investor Relations, The
Equicom Group, Tel: (416) 815-0700/1-800-385-5451 ext. 228, Email:; BC Bioenergy Network: Michael Weedon, Executive
Director, Tel: (604) 891-1257 or (604) 805-2115,,; Ian Baillie, NextPhase
Strategy, Public Relations, Tel: (604) 761-5540,

Organization Profile

Lignol Energy Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890