Leaf Resources (ASX:LEF) shares have been on a tear since entering into a collaboration agreement with Colorado’s ZeaChem Inc. to evaluate Leaf’s Glycell process.
Shares in the company have doubled to the current price of $0.15 from $0.07 on 15 October 2014 before the announcement was made.ZeaChem and Leaf will evaluate the Glycell process for the production of fermentable sugars at ZeaChem’s demonstration plant at Boardman, Oregon.
The trials will use poplar as a feedstock.
ZeaChem has multiple patents in the cellulosic field including for the production of acetic acid from cellulosic sugars.
Its plant utilises Andritz equipment and is very similar in configuration to the Andritz trial facility at Springfield, Ohio, where Leaf has been running development trials for almost one year.Glycell Process
Leaf’s Glycell process uses a low cost, recyclable, biodegradable reagent glycerol, in a simple process, to break down plant biomass into lignin, cellulose and hemicellulose at low temperature and pressure.
Cellulose, a critical building block for many bio-based products, can be used directly as cellulose fibre, chemically converted to cellulose derivatives or converted to cellulosic sugars using enzymatic hydrolysis.
These cellulosic sugars can then be converted to bio-based materials, bio-plastics and green chemicals, the markets for which are extremely large and fast growing.
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Leaf Resources (ASX:LEF) shares have been on a tear since...
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