Suncor, Lignol suspend cellulosic ethanol venture

By OGJ editors
HOUSTON, Feb. 27 -- Suncor Energy USA Inc. and Lignol Energy Corp. said they suspended plans for a joint venture focused on developing cellulosic ethanol.

The JV, announced last year, would have involved an $80 million cellulosic ethanol demonstration plant in Grand Junction, Colo.

Lignol cited current economic conditions, including energy price instability and uncertainty in the capital markets.

Suncor and Lignol of Vancouver, BC, has contemplated the JV plans for 3 years.