Abstract The main objective of this work was the development of a new efficient process to produce the green solvent ethyl lactate from the esterification reaction.

+372 51 04 475 Marge has been a member of the Estonian Bar Association since 2002 and is specialised in transaction and company law, as well as real estate and construction law. Marge has vast experience in advising entrepreneurs in different acquisition, expropriation and transfer transactions and also in entering large-scale designing and build contracting contracts. Marge has acted as an arbitrator in the Court of Arbitration of the Estonian Chamber of Commerce and Industry and a dispute settlement committee in disputes arising from (DAB) FIDIC contracts. Marge has extensive experience in consulting on complicated real estate transactions. In her free time, Marge likes to play tennis.

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+372 50 625 95 Ants is one of the top experts in tax and company law in Estonia. He is one of the founders of LEXTAL and has been a member of the Board of the Estonian Bar Association (2010-2016). He is currently member of the Tax Law Committee at Estonian Bar Association and has remarkable experience in advising on concluding international transactions.

He is also the Honorary Legal Adviser to the British Ambassador to Estonia. Ants graduated from the University of Tartu in 1994 and in his free time likes to stay in shape by playing golf, cycling and orienteering. +372 50 48 341 Urmas is a founder of LEXTAL and one of the most valued private, commercial and bankruptcy law specialists in Estonia; he represents clients in court and advises on concluding transactions. Urmas has represented clients in several disputes that have significantly shaped both Estonian and international legal practice. Urmas is Chairman of the professional suitability assessment committee of the Bar Association and was nominated Attorney of the Year 2014 in the Organisation Category by the Bar Association. In his free time, Urmas engages in the Lions charity movement and plays tennis.

+372 51 17 727 Kristi has been an attorney since 1998 and is a partner at LEXTAL. She is member of the Employment Law committee of the Estonian Bar Association. Kristi mainly operates with corporate and employment law. Additionally to advising M&A transactions and different investment structures (incl bond issues), Kristi is specialized to legal questions related to non-banking financial services. Also, she has long-time experience in advising companies in maritime and ocean fishing activity areas. She has assisted clients in many transactions related to vessels (acquiring, charter agreements etc), has helped to bring several ships under Estonian flag and has represented the interests of Estonian companies in international fishing organizations.

She has represented clients in the proceedings of the European Court of Justice. Kristi is inspired by art and talented people, she is a founding member of the Art Museum of Estonia Friends of Art Society. +372 50 10 167 Alar has been a member of Estonian Bar Association since 2007. Alar is one of the most recognised specialists in Estonia on insurance law, judicial proceedings and public procurement law, and he consults clients in all main areas of law. During his 12 years at the Ministry of Finance, Alar led different departments and participated in developing important legislation, incl.