May 2, 2007

Alberta government grants funding for ethanol research

Vancouver, British Columbia – Lignol Energy Corporation of British Columbia has announced that its wholly owned subsidiary, Lignol Innovations Ltd., has been awarded grants of up to $994,620 from the Alberta Government and the National Research Council (NRC). The grants will support the ongoing development and commercialization of Lignol’s unique process technology to convert cellulosic biomass into ethanol and other biochemicals.

The grant from the Alberta government, which will maximize at $870,000, has been awarded as part of the government’s Biorefining Commercialization and Market Development Program. The first grant of $245,000 will be advanced immediately, with the balance of up to $625,000 becoming available upon completion of the related work program, which is expected to be prior to March 31, 2008. Funds will be applied to the development of pre-treatment and bioconversion technology for agricultural residues, and for market development research of biorefinery product applications.

The grant from NRC of up to $124,620 has been awarded as part of the Industrial Research Assistance Program and will be received prior to July 31, 2007, against claims for reimbursement of actual salaries and fees incurred. The money will be applied to developing process enhancements for the biorefining of softwood.

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