DynaMotive Announces Start Up at West Lorne Following Plant Completion.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- DynaMotive Energy Systems Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DYMTF) announced today that it has completed construction of the West Lorne pyrolysis py·rol·y·sis n. Decomposition or transformation of a chemical compound caused by heat. pyrolysis (pīrol´isis), n plant and has initiated plant start up procedures as part of its West Lorne BioOil Cogeneration Project. The Company received its Certificate of Approval to operate from the Ontario Ministry of the Environment on January 27th and certificates of completion by key contractors thereafter leading to the commencement of plant start up. The Company previously announced it had received generation and retail energy licenses from the Ontario Energy Board The Ontario Energy Board (OEB) is a Crown corporation responsible for regulating natural gas and electricity utilities in the province of Ontario, Canada. This includes setting rates and approving the Independent Electricity Market Operator (IMO)'s budget and fees. . Plant start up procedures encompass the testing while in operation of burners, reactor, all technical components, control systems and limited production runs of BioOil and char. The Company plans to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale BioOil production in February with sustained BioOil production planned for March of this year. The West Lorne BioOil Cogeneration Project (first of its kind for pyrolysis technology) is partially funded with a Cdn $5 million contribution from Sustainable Development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union Technology Canada (SDTC SDTC San Diego Triathlon Challenge SDTC San Diego Transit Corporation SDTC Standard Duty Title Code SDTC Spatial Data Transfer Standard SDTC Solihull Dog Training Club (Birmingham, UK) SDTC San Diego Telcom Council ) for its development and demonstration phases. SDTC is a foundation created by the Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada. In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and that operates a Cdn $550 million fund to support the development and demonstration of clean technologies that address issues of climate change, clean air, water and soil quality. The plant conforms to all applicable safety, electrical and mechanical design standards, utilizing state-of-the-art "smart" instrumentation and a high-powered industrial-grade distributed control system A distributed control system (DCS) refers to a control system usually of a manufacturing system, process or any kind of dynamic system, in which the controller elements are not central in location (like the brain) but are distributed throughout the system with each component . The plant was designed to facilitate scale-up to larger plant capacities. At full capacity, the plant is designed to process 100 metric tonnes of biomass and produce approximately 70 tonnes of BioOil and 18 tonnes of char per day. The Company will provide periodic updates on its production and operations through its news releases. About SDTC STDC STDC South Texas Development Council STDC Strategic Tactics Development Center STDC Stay Top Dead Center is a foundation created by the Government of Canada that operates a Cdn $550 million fund to support the development and demonstration of clean technologies that address issues of climate change, clean air, water and soil quality. These solutions deliver environmental, economic and health benefits to Canadians. An arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. , not-for-profit corporation, SDTC works with private, financial, academic and public sectors and with the Government of Canada to build a sustainable development technology infrastructure in Canada. About DynaMotive DynaMotive is an energy systems company focused on the development of innovative energy solutions based on its patented fast pyrolysis system. Through the application of fast pyrolysis, DynaMotive unlocks the natural energy found in the world's abundant organic resources traditionally discarded by the agricultural and forest industries. DynaMotive's technology economically converts biomass into a renewable, environmentally friendly fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char. Forward Looking Statement Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, 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" as that term is defined under the Federal Securities Laws. Forward-looking statements are 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, future capital needs, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion