Lignol Ups Ownership of Territory Biofuels to 100%

Lignol Energy logoCanada-based Lignol Energy Corp. is taking 100 percent control of Australia’s largest biodiesel producer, Territory Biofuels Ltd. (TBF). This article from Biodiesel Magazine says Lignol already had a controlling stake (55 percent) in the 37-million-gallon refinery.

TBF owns a large-scale biorefining facility located in Darwin, Northern Territory, Australia, which includes a Lurgi-designed biodiesel plant and the largest glycerin refinery in Australia. The facility was commissioned in 2008 at a cost of A$80 million, along with 38 million liters of related tankage, now leased by TBF. The biodiesel plant is the largest in Australia with a rated capacity of 140 million litres per year. The plant was originally built to run on palm oil and food-grade vegetable oil, however the plant was shut down in 2009 due to challenging technical and economic conditions. TBF is in the process of raising funds to restart the existing facility utilizing environmentally certified, refined, bleached and deodorized palm oil. In 2015, TBF plans to integrate new feedstock pretreatment technologies and catalysts to process a broader range of feedstocks such as lower quality tallow, used cooking oil and palm sludge oil; a waste product from palm oil mill extraction.

The deal is expected to be finalized by Jan. 31, 2014.

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