DynaMotive Energy Systems Announces Participation in BioOil Distributed Power Project in Sault Ste. Marie.Energy Editors/Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 30, 2004 Consortia Includes Private Companies, Federal, Provincial and Municipal Organizations DynaMotive Energy Systems Corporation (DynaMotive) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DYMTF) announced its proposed participation in the development of what could become the world's first distributed power generation network utilizing pyrolysis oil Pyrolysis oil is under investigation as substitute for petroleum. It is extracted by destructive distillation from dried biomass in a reactor at temperature of about 500°C with subsequent cooling. in northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it . The project, led by the Public Utility Commission of Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , envisages the installation of a combined heat and power plant in Sault Ste. Marie and the development of a remote bio oil plant to service this project and potentially other generation facilities in the municipality. The project consortia further includes: The Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). Forestry Commission The Forestry Commission (established in 1919) is a non-ministerial Government Department responsible for forestry in Great Britain. Its mission is to protect and expand Britain's forests and woodlands and increase their value to society and the environment. , the Ontario Forest Research Institute Ontario Forest Research Institute (OFRI) is a division of the Ministry of Natural Resources (Ontario) (OMNR) located in Sault Ste. Marie, Ontario, Canada. This institute is composed of research scientists, specialists, statisticians, technicians, management, and , the Municipality of Sault St. Marie and Magellan Aerospace Magellan Aerospace (TSX: MAL) is a Canadian manufacturer of advanced aerospace systems and components. Magellan also repairs and overhauls, tests, and provides aftermarket support services for a variety of engines, and engine structural components. , Orenda Division. The project details were disclosed in a public announcement by the PUC (Public Utility Commission) A regulatory body in every state in the U.S. that governs public utilities within its jurisdiction such as electricity, gas, oil, sewer, water, transportation and telephone service. Some states call it the Public Service Commission (PSC). of Sault Ste. Marie today. DynaMotive's participation is subject to negotiation and execution of definitive agreements formalizing the respective contributions of each of the participants to the project. DynaMotive is an energy systems company that is focused on the development of innovative energy solutions based on its patented fast pyrolysis py·rol·y·sis n. Decomposition or transformation of a chemical compound caused by heat. pyrolysis (pīrol´isis), n system. Through the application of fast pyrolysis, DynaMotive has shown how to unlock the natural energy found in the world's abundant organic resources that have been traditionally discarded by the agricultural and forest industries and to economically convert them into a renewable and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char and in doing so establishing these residues as a renewable, environmentally friendly and cost competitive energy reserve. Full Text of press release by PUC follows. 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. Possible Bio Oil Fueled Cogeneration Plant for Sault Ste. Marie, Ontario For the city of Sault Ste. Marie in Michigan, or the Canadian federal and provincial electoral districts of the same name, see: Sault Ste. Marie. Sault Ste. Marie (nicknamed "the Sault" or "the Soo") is a city on the St. Marys River in Ontario, Canada. Sault Ste. Marie may soon boast one of the first cogeneration facilities in Canada fueled by bio oil. A 2.5 MW cogeneration plant that would serve the Great Lakes Forestry Centre and the adjacent Ontario Forest Research Institute in Sault Ste. Marie is being investigated by group of private and public sector organizations lead by PUC Services Inc. The group also includes DynaMotive Energy Systems of Vancouver, B.C., Magellan Aerospace of Mississauga, Ont., both forestry research facilities and the Sault Ste. Marie Economic Development Corporation. The cogeneration plant would be supplied by Magellan Aerospace and would provide for the electricity, heating and cooling needs of both the Great Lakes Forestry Centre and the Ontario Forest Research Institute. Magellan Aerospace has recently completed the development of a 2.5 MWe ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. turbine that will operate commercially on pyrolysis bio oil to be supplied for this project by DynaMotive. DynaMotive entered into a co-operation agreement in 1999 for the co-development of bio fuel power generation packages with Magellan Aerospace. DynaMotive focused its efforts on development of biomass conversion technology and fuel development while Magellan Aerospace developed the proprietary fuel handling system and adapted an OGT 2500 gas turbine to run on bio fuels. Dynamotive's bio oil has been successfully tested by Magellan in a commercial application and is approved by Magellan for operation of the GT 2500 Turbine. Bio oil is produced by fast pyrolysis of wood and other organic materials. Charcoal and a combustible com·bus·ti·ble adj. Capable of igniting and burning. n. A substance that ignites and burns readily. gas are also produced in the thermal decomposition For the biological process, see Decomposition. For chemical decomposition in general, see Chemical decomposition. Thermal decomposition is a chemical reaction whereby a chemical substance breaks up into at least two chemical substances when heated. of the organic feedstock. When burned bio oil produces little ash, emits no sulphur dioxide and only low amounts of nitrous oxides. Because its feedstock is degradable de·grad·a·ble adj. That can be chemically degraded: degradable plastic wastes. de·grad organic material, it is considered neutral in the production of greenhouse gases. The primary feedstock for the production of bio oil is expected to be unutilized wood biomass from forest industries or harvesting operations (slash currently burned at roadside) in the Algoma District. The forestry research facilities will be reviewing the availability of other forest resources to provide feedstock for bio oil production to ensure a sustainable supply without jeopardizing currently used waste streams or environmental regulations. The City of Sault Ste. Marie is taking an inventory of potential feedstock sources from the organic material that is collected in the municipal solid waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a stream. Another potential feedstock for bio oil is municipal sewage sludge. Expanding the sources of feedstock would create new opportunities for employment in both the forestry and agricultural sectors, help reduce municipal waste streams, and enhance efforts to mitigate the impacts of global warming. The cogeneration project is an example of distributed energy production as the energy is produced where it is consumed. This enhances security of supply, avoids electrical transmission and distribution losses and, because it uses the thermal energy produced from the turbine for heating and cooling, achieves an energy efficiency of more than 80%. A feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. is currently underway to confirm the economic benefits of the project and identify local environmental issues that must be addressed to avoid any adverse impact on surrounding property owners. If the results of the study are positive, the project could be commissioned sometime in 2005. Evaluation of project performance and research in the use and utility of biomass for energy by the partners in this pilot project is intended to be used to assist northern rural communities in pursuing similar ventures. The Sault Ste. Marie Economic Development Corporation is a not-for-profit organization funded by public and private partners; its purpose is to facilitate job creation and economic diversity for the benefit of Sault Ste. Marie. The development of economic opportunities in the bio-products sector and alternative and renewable energies is a strategic priority for Sault Ste. Marie. The Great Lakes Forestry Centre is a unit of Natural Resources Canada Natural Resources Canada (NRCan) is a department of the government of Canada responsible for natural resources, energy, minerals and metals, forests, earth sciences, mapping and remote sensing. , and the Ontario Forest Research Institute is a unit of the Ontario Ministry of Natural Resources. Both facilities are engaged in research to support the sustainability of forest resources in Ontario. PUC Services Inc. provides operating and management services to electric, water and telecom utilities. DynaMotive is an energy systems company that has a proprietary fast pyrolysis technology for the conversion of wood residue and other biomass into a liquid fuel known as "BioOil" and a solid char product. Magellan Aerospace, through its Orenda Division, is a leader in advanced turbine technology. In addition to its outstanding performance in the aerospace industry Orenda has installed 150 aero-derivative turbine packages to supply baseload, blackstart, standby and emergency support generation capacity to 76 utility and industrial facilities. For Further Information Contact: Brian Curran President & C.E.O PUC Services Inc. Sault Ste. Marie, Ontario 705-759-6538 Email: brian.curran@ssmpuc.com |
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