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BioOil Production Re-Starts at West Lorne Facility; Upgrade of Plant Completed
VANCOUVER, British Columbia--(Business Wire)-- Dynamotive Energy Systems Corporation (OTCBB:DYMTF), a leader in cellulose based fuels technology, announced today it restarted operations at its West Lorne, Ontario facility following completion of its upgrade. The plant had undergone an upgrade process to increase its nominal capacity to 130 tonnes of biomass input per day, a 30 % increase in capacity, and to incorporate technological advances that were developed and implemented in Dynamotive's 200 tonne per day capacity plant located in Guelph, Ontario. The plant incorporates a 2.5 megawatt electric cogeneration package developed by Magellan Aerospace. The renewable biofuel produced at the plant, known as BioOil, is made from waste wood and formulated for non-transportation industrial applications. Fuel exports, as well as power generation, from the plant are expected to start in March. Output of the plant is contracted to power generation and specialty applications with some production being reserved by Dynamotive for market development purposes. West Lorne progress will be reported on the Dynamotive website. About BioOil(R) Biofuel BioOil(R) is an industrial fuel produced from cellulose waste material. When combusted it produces substantially less smog-precursor nitrogen oxides ('NOx') emissions than conventional oil as well as little or no sulfur oxide gases ('SOx'), which are a prime cause of acid rain. BioOil(R) and BioOil Plus(TM) are price-competitive replacements for heating oils #2 and #6 that are widely used in industrial boilers and furnaces. They have been EcoLogo certified, having met stringent environmental criteria for industrial fuels as measured by Environment Canada's Environmental Choice Program. BioOil(R) can be produced from a variety of residue cellulosic biomass resources and is not dependent on food-crop production. About Dynamotive Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA, UK and Argentina. Its carbon/greenhouse gas neutral fast pyrolysis technology uses medium temperatures and oxygen-less conditions to turn dry, waste cellulosic biomass into BioOil for power and heat generation. BioOil can be further converted into vehicle fuels and chemicals. The final stages of the commissioning process at the Guelph plant and the reconstruction of the West Lorne plant may be seen by viewing photographs regularly posted on the company's website at www.dynamotive.com. Forward Looking Statement Statements in this news release concerning the company's business outlook or future economic performance; including the anticipation of future plant start-ups, partnerships, consortiums, teaming agreements, government assistance, other anticipated cash receipts, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements". Forward-looking statements are by their nature subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, changes in energy prices, availability of capital, and the company's ability to access capital on acceptable terms or any terms at all, changes and delays in project development plans and schedules, customer and partner acceptance of new projects, changes in input pricing, competing alternative energy technologies, government policies and general economic conditions. These risks are generally outlined in the company's disclosure filings with the Securities and Exchange Commission. Dynamotive Energy Systems Corporation Nathan Neumer, Director of Communications, 604-267-6042 Switchboard: 604-267-6000 Toll Free (North America): 1-877-863-2268 Fax: 604-267-6005 Email: firstname.lastname@example.org Website: www.dynamotive.com Copyright Business Wire 2008