http://ens.lycos.com/e-wire/Feb01/13Feb0101.html
DynaMotive Announces First BioOil Production from New Plant VANCOUVER, Canada, Feb. 13 -/E-Wire/-- DynaMotive Technologies Corporation (OTCBB: DYMTF) announced today that initial production runs in its new 10 tonne per day BioOil pilot plant have been completed successfully. Fuel quality BioOil was produced from BC wood waste. The commissioning of the fully automated plant - which includes testing of each technical component as well as all computerized control systems - is on schedule, with an official opening planned for later in the spring. Photographs of the plant are posted on the Company's website: www.dynamotive.com. Commenting on this milestone, Director of Engineering Warren Johnson said, "We're very pleased with the progress to date on the commissioning of our new BioOil plant. During the initial production runs, all components and sub-systems of the new plant performed well. Our first production of BioOil last week confirms that the basic process design is sound and allows us to proceed with the commissioning as scheduled." The new BioOil plant was designed in-house by DynaMotive's Technology Group and constructed at the BC Research complex in Vancouver BC. 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 (DCS). The plant was designed to facilitate easy scale-up to commercial plant capacities. Once commissioned, the fully automated plant will have a production capacity of 6,000 litres of BioOil per day, providing much larger quantities of BioOil for engine and combustion test programs. DynaMotive intends to become the world leader in the development of technology to produce competitively priced liquid fuels from biomass. BioOil is produced using patented technology that converts 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 greenhouse gas neutral. As a clean fuel for power generation in gas turbines, diesel engines and boilers, BioOil presents significant market opportunities that DynaMotive intends to exploit commercially. The Company and its partners are also engaged in research and development on a range of derivative products that, if successful, could potentially further enhance the market and value for BioOil as an alternative fuel and product source. 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, 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. SOURCE DynaMotive Technologies Corporation -0- 02/13/2001 /CONTACT: call Toll Free (in North America): 877-863-2268; Raymond McAllister, Director, Corporate Communications, Telephone: 604-267-6000, Fax: 604-267-6005, Email: [EMAIL PROTECTED], For more information in Europe, contact: Antony Robson, Managing Director, DynaMotive Europe Limited, Tel: 44-0-20-7518-9380, Fax: 44-0-20-7518-9381, Email: [EMAIL PROTECTED]; For US enquiries, contact: James Acheson, Chief Operating Officer, DynaMotive Corporation, Tel: 323-460-4900, Fax: 323-465-2617, Email: [EMAIL PROTECTED] To request a free copy of this organization's annual report, please go to www.newswire.ca and click on [EMAIL PROTECTED]/ /Web site: http://www.dynamotive.com/ ------------------------ Yahoo! Groups Sponsor ---------------------~-~> eGroups is now Yahoo! Groups Click here for more details http://click.egroups.com/1/11231/0/_/837408/_/982147240/ ---------------------------------------------------------------------_-> Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html To unsubscribe, send an email to: [EMAIL PROTECTED]
