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News and Announcements

Leaf Resources Raises $3M & Secures Key Partnerships to Advance Malaysian Biorefinery

  • Published December 19, 2017 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

KEY TAKEAWAYS:

  • Leaf Resources Limited (ASX: LER) raised $3 million by placing 33,333,333 shares priced at $0.09.
  • Leaf Malaysia signs a Letter of Intent (LOI) for provision of biomass
  • Leaf Resources and Verdezyne sign collaboration agreement to develop EFB sugars for biobased chemicals
  • A term sheet for a Malaysian biorefinery site was announced
  • Leaf Resources signs an exclusive agency agreement with HB International
  • Leaf Resources enters biodegradable packaging market leveraging Glycell strategy
  • Leaf Resources secures another top 10 position in the 40 Hottest Emerging Companies in the Bioeconomy
  • Presented at the 2017 WI Singapore Asia-Pacific Emerging Company Showcase

Leaf Resources is strongly positioned for both short and long-term success. Our strategy is clearly articulated and supported by numerous collaborative partnerships, industry recognition and technology advances. We have further consolidated our position within the bio-economy as we seek to rapidly enter the biodegradable packaging market and commercialise our first plant in Malaysia.

 

About Leaf Resources (ASX: LER)

Leaf Resources is an emerging renewable chemical company focused on commercialising the GlycellTM process; A disruptive technology that alters the economics of using biomass as a feedstock for the production of industrial sugars that can be used to produce biobased chemicals, bioplastics and other renewable products. Leaf Resources was voted #4 of the Hottest Small Companies in the Advanced Bio-Economy 2016/17 ABLC San Fran.

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