Dynamotive's West Lorne Expected to Experience Short Production Interruption
VANCOUVER, British Columbia--(Business Wire)--
Dynamotive Energy Systems Corporation (OTCBB: DYMTF), a leader in
biomass-to-biofuel technology, announced this evening that a small
fire in an isolated area of the West Lorne Plant occurred Thursday,
April 10th, at 6:30 pm. Although the cause is not yet known and there
were no flames, the plant operators placed the fire at a combustion
air heat exchanger base. There were no injuries and there was no need
to evacuate the plant. No significant damage to the plant is reported,
and there was no threat to the environment. At the time of the
incident, the plant had been operating continuously at a rate of 30
tonnes per day following continuous runs at 95, 60 and 30 tonnes per
day reported for 9th and 10th of April. Product storage areas were not
affected. A full inspection of the plant is planned for Friday to
survey damage and to establish a schedule for repairs. Production
commitments will be met from the Guelph Plant in the interim period.
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. 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 Corporation
Director of Communications
Nathan Neumer, 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
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