Lignol Takes 40% Equity Position in Territory Biofuels

Lignol Energy Corp., a Burnaby, British Columbia-based company focused on advanced biofuels and renewable chemicals, has converted its earlier investment in Territory Biofuels Ltd. (TBF) into a 40% fully diluted equity stake. Lignol is now the largest shareholder in TBF, which owns a 150 million litre per year biodiesel plant and glycerine refinery located in Darwin, Australia. Lignol is backed by Canadian merchant bank Difference Capital Funding.

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