Dynamotive Sells Plants in Ukraine

DynaMotive Energy Systems Corporation (OTCBB: DYMTF.OB) announced that it has licensed a 200 tpd pyrolysis plant with an option for two further plants of similar size to Rika Ltd, Latvia.

The pants will use patented technology that can convert forest and agricultural wastes such as bark, sawdust and sugar cane bagasse into a liquid fuel. Unlike fossil fuels, BioOil is renewable, clean burning, low in emissions and is greenhouse gas neutral. It can be used as a clean fuel for power generation in gas turbines, diesel engines and boilers. The West Lorne Facility, the first BioOil cogeneration plant that was built has provided the demonstration platform for the commercialization of the technology.

The plant will be located at one of Rika’s farm operations in the Ukraine which covers 8,700 hectares of land. The farm would be capable of supporting the three plants envisaged under the licensing agreement. Under the Agreement, Rika has the option to order two further plants and will be guaranteed fabrication slots in 2007 if such option is exercised within 12 months of the signature date.

More Information about Dynamotive and its process can be found here.

Technorati tags: biofuels, pyrolysis, bio-oil, energy, technology

The Energy Blog: Dynamotive Sells Plants in Ukraine

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