News and Announcements
Leaf Resources Completes of Stage 1 Under MOU with Monaghan Biosciences
- Published April 04, 2016 2:40PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
4th April 2016, ASX Announcement
Highlights:
- The first stage gate of the joint development program under the MOU has been successfully completed.
- In combination with a Monaghan Biosciences enzyme cocktail, Glycell™ pretreatment was superior to that of dilute acid in terms of hydrolysing 25% more cellulose than dilute acid at the 24 hr time point.
- Based on the positive, Leaf and Monaghan Biosciences have agreed to move to stage 2 that will include tonnes per day pilot scale testing.
- The completion of stage 1 is an important step towards a bankable feasibility study for a renewable chemical project.
The MOU signed last year, detailed a joint development program on spent mushroom compost leading to a bankable feasibility study for a new renewable chemical project. The development work included staged testing of the spent mushroom biomass, pilot scale process evaluation and enzyme optimization.
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