News and Announcements
Leaf Resources Enters Joint Venture Agreement with ZeaChem
- Published February 29, 2016 12:18PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th February 2016, ASX Announcement
Highlights:
- Leaf and ZeaChem have signed a JV agreement to establish a Glycell™ based project in the USA
- Leaf Resources expands its equity stake in ZeaChem to 13% with the potential to increase to 45% on a fully diluted basis, in the future
- ZeaChem has proven engineering experience from operating a demonstration scale bio-refinery in Boardman, Oregon since 2012
- The partnership provides leaf with access to an attractive suite of process for the production of renewable chemicals which can be materically enhanced by use of Leaf’s Glycell™ process
- ZeaChem has 2 projects in the engineering design phase
Leaf Resources and ZeaChem, Inc. of Denver Colorado have signed a joint venture agreement to establish a Glycell™ based project in the USA. the agreement recognises the mutual benefits of combining ZeaChem’s engineering experience and renewable chemical technology, with Leaf Resources’ propriety Glycell™ process, and this combination should increase the opportunities available to Leaf Resources for the commercialisation of the Glycell™ process.
To read the full announcement, please click here.
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