DynaMotive Energy Systems Corporation (OTCBB: DYMTF), Vancouver, B.C. and E & R Langille Contracting Ltd. of Nova Scotia announced today that they have signed an Interim Project Development Agreement for a potential 500 tonne per day BioOil production facility.
The proposed plant is expected to be completed in two stages, comprised of an initial 200tpd facility with a further module to be added subsequently. The plant is expected to be located near the port of Pictou in Nova Scotia and will utilize wood chips and other biomass sources in the area. The parties have confirmed access to 500 tonnes per day of biomass for the proposed plant. Initial technical and economic studies have been completed successfully and that the project site has been secured. The progress on the project comes shortly after DynaMotive announced its first commercial shipment of BioOil from the West Lorne facility, its first commercial scale facility.
In June DynaMotive announced that the international engineering firm Tecna Proyectos Y Operaciones, S.A. (Tecna) had completed the conceptual design for a 200 tonnes per day modular plant. This design put DynaMotive in a position to commence procurement and construction of its next project. The design calls for a plant capable of processing 200 tonnes per day of dry biomass and producing up to 140 tonnes of BioOil and 40 tonnes of char per day (equivalent in total energy to approximately 190,000 barrels of hydrocarbon oil equivalent (BOE) per year, which translates to 132,000 BOE from BioOil and 58,000 BOE from char).
DynaMotive is an energy systems company focused on the development of innovative energy solutions based on its patented fast pyrolysis system. DynaMotive's technology economically converts biomass into a renewable, environmentally friendly fuel.
E & R Langille Contracting Limited is a family run company established in 1981 and based in Nova Scotia. It is primarily a forestry logging and chipping operation.
Resource: DynaMotive and E&R Langille Sign Interim Development Agreement for 500tpd BioOil, Press Release, November 29,2005