News and Announcements
Leaf Resources enters research agreement to use agricultural waste for bio products
- Published July 29, 2015 12:25PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th July 2015, ASX Announcement
A major agricultural group and Leaf Resources have signed a research agreement to create valuable bio-products from agricultural waste.
Many thousands of tonnes of agricultural waste from crops ends up as underutilised biomass in Australia. Should the research programme be successful, making use of this biomass will help generate addiontal revenue for farmers and processors and potenially boost regional employment through new industry development.
The research agreement funded by the other party contemplates testing the agricultural waste with Leaf’s GlycellTM process and if successful, aims at working towards a feasibility study for a commercial operation using the GlycellTM process in Australia. The identity of the other party has not been disclosed at this time sue to the confidential nature of the agreement.
Key to the programme’s success is Leaf Resource’s innovative GlycellTM process.
The unique, Australian-developed technology uses glycerol as a catalyst to make cellulosic sugars – the key component in bio-products – from biomass, such as agricultural waste. And it does so for a fraction of the cost of conventional technologies currently used as alternative to fossil fuel-based industry processes.
To read the full announcement, please click here.
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