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Leaf Resources to reveal placement details

Last updated: 20:00 20 Oct 2015 EDT, First published: 19:00 20 Oct 2015 EDT

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Leaf Resources (ASX:LER) has this morning been granted a trading halt by the ASX, pending details of a placement.

Leaf is commercialising the GlycellTM process.

The technology uses a low cost, recyclable, biodegradable reagent glycerol, in a simple process that breaks down plant biomass into lignin, cellulose and hemicellulose at low temperature and pressure.

The cellulose is then converted to cellulosic sugars, which are a major feedstock for green, renewable biobased chemicals, bioplastics and biofuels.

The halt will remain in place until the opening of trade on Friday 23rd October 2015, or earlier if an announcement is made to the market.

 

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