News and Announcements
Leaf Resources Annual Report to Shareholders 2016
- Published September 12, 2016 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
9th Septemebr 2016, ASX Announcement
The year’s activities culminated in the signing in July 2016 of a global partnership agreement with Claeris LLC of Dallas, a successful renewables project developer, to build up to five biorefineries.
The principals of Claeris have considerable experience in developing and negotiating financing for renewable chemical projects. They are also extremely well credentialed and connected within the world-wide renewable market. By partnering with an experienced project developer such as
Claeris, the Leaf Resources’ Board believes we have accelerated the development of revenue generating projects, reduced the financing risk and that we will achieve better commercial outcomes. The partnership represents a major milestone in the technology development and commercialisation path that Leaf Resources has embarked upon.
It is especially gratifying that Claeris, after searching the world to find the right technology for renewable chemical projects discovered Leaf Resources. It is also testament to the considerable work over the last 12 months, that Leaf Resources was able to satisfy the extensive requirements of due diligence conducted by Claeris, and especially that our GlycellTM process is ready for commercialisation and able to support the necessary financing arrangements that come with any large construction project.
This agreement with Claeris adds to previously announced agreements with Monaghan Mushrooms, ZeaChem and the innovative work done on removing Silica from rice husk, thereby positioning Leaf Resources with an attractive and valuable list of potential projects.
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