Dynamotive and IFP in Exclusive Negotiations for Commercial Development of Pyrolysis Oil Upgrading
Vancouver, Canada, Dynamotive Energy Systems Corporation announced that the Company and IFP Energies nouvelles (IFPEN) initiated exclusive negotiations for the commercial development of the Company’s proprietary pyrolysis oil upgrading process to produce second generation biofuels.
The Companies had entered into a Memorandum of Understanding in January of 2010 (extended in March 2011) to evaluate the process at technical, economic and intellectual property level and subject to reaching satisfactory results negotiate definitive agreements for its commercial development.
The process is Patent Pending.
About IFP Energies nouvelles
IFP Energies nouvelles (IFPEN) is a public-sector research, industrial innovation and training center active in the fields of energy, transport and the environment. Its mission is to provide public players and industry with efficient, economical, clean and sustainable technologies to take up the challenges facing society in terms of climate change, energy diversification and water resource management. It boasts world-class expertise.
For details, please visit its website at http://www.ifpenergiesnouvelles.com
About Dynamotive Energy Systems Corporation and Propietary Pyrolysis Oil Upgrading Process
Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA 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.
Dynamotive developed an upgrading process to produce transport fuels from pyrolysis oils in collaboration with Pyrolysis expert Dr. Desmond Radlein. The process was developed at Dynamotive’s research facility in Waterloo, Ontario. Dynamotive recently entered into an agreement with Virgin Australia, Renewable Oil Corporation and the CRC in Australia to develop sustainable aviation biofuels.
Dynamotive has received support from Industry Canada through the Technology Partnerships Canada program. The company has also been supported by Sustainable Development Technology Canada, an arm’s-length not-for-profit organization established by the Government of Canada in 2001.
www.dynamotive.com
Tel. +1 (800) 852-0938
Attachments
BioOil Upgrading Report
Dynamotive Upgrading Presentation
Dynamotive & IFP BioOil Upgrading Press Release – 29/03/2011
Dynamotive & IFP BioOil Upgrading Press Release – 30/06/2010