Borregaard: Key patent for the BALI process granted by the European Patent Office
08.11.2013: Borregaard ASA ("Borregaard", OSE ticker: BRG)
The European Patent Office has granted Borregaard a patent for the key
production process behind the company's BALI project. The patent describes the
conversion of wood, agricultural waste and other biomasses to second generation
biofuels and/or biochemicals, and to water soluble lignin suitable as a raw
material for Borregaard's Performance Chemicals business.
The patent, referred to as "Lignocellulosic Biomass Conversion by Sulfite
Pretreatment", is valid until December 2029. Similar patent applications, still
pending, have been filed in the United States and other countries outside
Europe.
"We regard this patent as an important element in the work to protect our
technology, and also an acknowledgment of the efforts we have made to develop
the BALI concept", says Gisle Løhre Johansen, Senior Vice President R&D and New
Business Development.
BALI is short for Borregaard Advanced Lignin, a concept currently under
development at the company's Sarpsborg site in Norway, in a continuously
operated demonstration plant which was started up in 2012. A decision to invest
in a full-scale commercial plant will be made in the second half of 2014 at the
earliest.
Borregaard ASA
Sarpsborg, 08.11.2013
Contacts:
Dag Arthur Aasbø, Senior Vice President, Organization and Public Affairs
+47 918 34 108
Jørn Syvertsen, Director Investor Relations +47 958 36 335
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1741756]