Printer Friendly

Dynamotive's West Lorne Expected to Experience Short Production Interruption.

VANCOUVER, British Columbia -- Dynamotive Energy Systems Corporation (OTCBB: DYMTF), a leader in biomass-to-biofuel technology, announced this evening that a small fire in an isolated area of the West Lorne Plant occurred Thursday, April 10th, at 6:30 pm. Although the cause is not yet known and there were no flames, the plant operators placed the fire at a combustion air heat exchanger base. There were no injuries and there was no need to evacuate the plant. No significant damage to the plant is reported, and there was no threat to the environment. At the time of the incident, the plant had been operating continuously at a rate of 30 tonnes per day following continuous runs at 95, 60 and 30 tonnes per day reported for 9th and 10th of April. Product storage areas were not affected. A full inspection of the plant is planned for Friday to survey damage and to establish a schedule for repairs. Production commitments will be met from the Guelph Plant in the interim period.

About Dynamotive

Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA, UK and Argentina. Its carbon/greenhouse gas neutral fast pyrolysis technology uses medium temperatures and oxygen-less conditions to turn dry, waste cellulosic biomass into BioOil for power and heat generation. BioOil can be further converted into vehicle fuels and chemicals. Photographs of the Guelph and West Lorne plants may be seen on the company's website. www.dynamotive.com

About BioOil([R]) Biofuel

BioOil([R]) is an industrial fuel produced from cellulose waste material. When combusted it produces substantially less smog-precursor nitrogen oxides ('NOx') emissions than conventional oil as well as little or no sulfur oxide gases ('SOx'), which are a prime cause of acid rain. BioOil([R]) and BioOil Plus([TM]) are price-competitive replacements for heating oils #2 and #6 that are widely used in industrial boilers and furnaces. They have been EcoLogo certified, having met stringent environmental criteria for industrial fuels as measured by Environment Canada's Environmental Choice Program. BioOil([R]) can be produced from a variety of residue cellulosic biomass resources and is not dependent on food-crop production.

Forward Looking Statement

Statements in this news release concerning the company's business outlook or future economic performance; including the anticipation of future plant start-ups, partnerships, consortiums, teaming agreements, government assistance, other anticipated cash receipts, 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". Forward-looking statements are by their nature 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, changes in energy prices, availability of capital, and the company's ability to access capital on acceptable terms or any terms at all, changes and delays in project development plans and schedules, customer and partner acceptance of new projects, changes in input pricing, competing alternative energy technologies, government policies and general economic conditions. These risks are generally outlined in the company's disclosure filings with the Securities and Exchange Commission.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 11, 2008
Words:525
Previous Article:APM Launches Second Year of Music Industry Podcast Series.
Next Article:Realty Executives Local Realtor Receives Prestigious Real Estate Awards +.
Topics:


Related Articles
Conference focuses on partnerships.
Bio oil to power up the Sault.
DynaMotive Provides Timelines on Completion of West Lorne BioOil Project.
DynaMotive Energy Systems Corporation: West Lorne BioOil Cogeneration Project Update Grid Synchronization Completed.
Commercial Shipments of DynaMotive's BioOil to Commence; Multi Year Contract Agreed With U.S. Based Company.
DynaMotive Energy Systems 2005 Review and Forward Plan For 2006; Company Announces West Lorne Plant Operational.
Dynamotive Reports 1st Quarter 2007 Results.
BioOil Production Re-Starts at West Lorne Facility; Upgrade of Plant Completed.
Dynamotive Ships BioOil and Char from West Lorne and Guelph Plants.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters