November 6, 2006

Dynamotive, partners to invest $20M in new Ontario BioOil plant, R&D facility

VANCOUVER, BC-Dynamotive Energy Systems and its development partners plan to invest $20 million over the next 14 months in its new flagship 200-tonne-per-day BioOil plant in Guelph, Ontario, and a product research laboratory in the Waterloo, Ontario area. The Guelph plant is being developed with MegaCity Recycling and will operate under the name Evolution Biofuels. Dynamotive will have a minority ownership position in Evolution Biofuels and will be leasing the pyrolysis unit to the company. Work at the 22-acre site has already begun, noted Dynamotive president and CEO Andrew Kingston. "The plant will incorporate important technological advances we gained through operating the West Lorne plant, and we expect it to be producing BioOil in Q1 2007 as it ramps up through its commissioning process," he added. Dynamotive and its partners will invest up to $18.5 million in this operation, including site acquisition, first plant development and related infrastructure. The company has also completed the development and installation of its product research laboratory in Waterloo, Ontario. The laboratory will operate as a wholly-owned subsidiary of Dynamotive, focused on developing value-added products from BioOil with a view to enhancing BioOil plant operations returns. The laboratory will be headed by Dr Desmond Radlein and will be supported by Dr Jueh Wang and staff. Dynamotive has allocated $1.5 million for research through 2007. "There have been promising indications for the production of syngas from BioOil, carbon activation from char and BioOil blends," said Kingston, adding, "We are co-operating with universities and other research laboratories in North America and Europe in the development of derivative products from BioOil and BioOil-char mixes." More information is available by telephone at 604/267-6000, FAX 604/267-6005, E-mail info@dynamotive.com, or on the company's Web site, www.dynamotive.com.

Table of Contents  | Top of Page


  Ecolog Network