Lignol Energy increases stake in Australian Renewable Fuels
$2.6 million investment brings ownership stake to 21.4%
VANCOUVER – Lignol Energy Corp. has invested more than $2.6 million to acquire 356 million shares of Austalian Renewable Fuels Ltd., bringing Lignol’s ownership stake in the Australian alternative fuels developer to 21.4%.
Lignol Energy Corp., a Vancouver-based based technology company in the advanced biofuels and renewable chemicals sectors, owns 100% of Lignol Innovations and also has an ownership interest in Territory Biofuels Ltd.
Australian Renewable Fuels is Australia’s largest biodiesel producer, owning three production plants that produce more than than 150 million litres annually.