News and Announcements
Leaf Resources Raises $3M & Secures Key Partnerships to Advance Malaysian Biorefinery
- Published December 19, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Leaf Resources Limited (ASX: LER) raised $3 million by placing 33,333,333 shares priced at $0.09.
- Leaf Malaysia signs a Letter of Intent (LOI) for provision of biomass
- Leaf Resources and Verdezyne sign collaboration agreement to develop EFB sugars for biobased chemicals
- A term sheet for a Malaysian biorefinery site was announced
- Leaf Resources signs an exclusive agency agreement with HB International
- Leaf Resources enters biodegradable packaging market leveraging Glycell strategy
- Leaf Resources secures another top 10 position in the 40 Hottest Emerging Companies in the Bioeconomy
- Presented at the 2017 WI Singapore Asia-Pacific Emerging Company Showcase
Leaf Resources is strongly positioned for both short and long-term success. Our strategy is clearly articulated and supported by numerous collaborative partnerships, industry recognition and technology advances. We have further consolidated our position within the bio-economy as we seek to rapidly enter the biodegradable packaging market and commercialise our first plant in Malaysia.
About Leaf Resources (ASX: LER)
Leaf Resources is an emerging renewable chemical company focused on commercialising the GlycellTM process; A disruptive technology that alters the economics of using biomass as a feedstock for the production of industrial sugars that can be used to produce biobased chemicals, bioplastics and other renewable products. Leaf Resources was voted #4 of the Hottest Small Companies in the Advanced Bio-Economy 2016/17 ABLC San Fran.
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