Lignol Ups Ownership of Territory Biofuels to 100%

Canada-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.»