Dynamotive's West Lorne Plant Back in Operation; BioOil Production Restarted July...
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Dynamotive's West Lorne Plant Back in Operation; BioOil Production Restarted July 17th
VANCOUVER--(Business Wire)--
Dynamotive Energy Systems Corporation (OTCBB:DYMTF) announced that
production of BioOil(R) from its West Lorne plant commenced on
Thursday, July 17 approximately 3 months from the time operations were
disrupted due to the fire on April 10. The plant repairs were led by
Dynamotive's engineering department, with the support of Tecna S.A.,
Tepsi S.A. and local suppliers. The repairs included key reactor
modifications that were verified during June at the Guelph plant.
Costs of these repairs are covered by insurance, except for a
standard non-material deductible. During the week of July 21,
Dynamotive will be conducting BioOil production tests on behalf of a
client using biomass sourced from Asia. Following these test
operations, production will resume the week of August 4 when Erie
Flooring, Dynamotive's sawdust supplier and partner, resumes
operations after its 2 week annual summer shutdown. This successful
restart puts Dynamotive back on track to supply BioOil for current
customers, power generation, and new customer product qualification
trials.
About Dynamotive
Dynamotive Energy Systems Corporation is an energy solutions
provider headquartered in Vancouver, Canada, with offices in the USA
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. Photographs of the Guelph and West Lorne plants may be seen
on the company's website. www.dynamotive.com
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.
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
Nathan Neumer, Director of Communications, 604-267-6042
Switchboard: (604) 267-6000
Toll Free (North America): 1-877-863-2268
Fax : (604) 267-6005
info@dynamotive.com
www.dynamotive.com
Copyright Business Wire 2008
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