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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
January 24, 2001DynaMotive's Successful BioOil Combustion Tests Opens Opportunities forBioOil As A Clean Substitute for Natural Gas and Other Fossil Fuels inMulti-Billion Dollar Industrial Fuels Market DynaMotive Technologies Corporation (OTCBB: DYMTF) has successfully completed BioOil combustion testing at Natural Resources Canada's (NRCan) CANMET Energy Technology Centre (CETC) in Ottawa, Ontario. The success of this test program creates opportunities for early commercial applications for BioOil as a clean burning fuel to replace natural gas, diesel and other fossil fuels in the multi-billion dollar industrial fuels market. Customers for BioOil fuels could potentially include local, regional and international energy users such as electrical utilities, forest companies, oil and gas producers and manufacturing companies. A photograph of BioOil in combustion has been posted on DynaMotive's website: www.dynamotive.com.
"DynaMotive's BioOil project is another example of how our investment in bioenergy technologies can help turn our climate change 'problem' into an innovation 'opportunity'," said Ralph Goodale, Minister of Natural Resources Canada (NRCan). "BioOil is an exciting new fuel source that has the potential to be CO2 neutral while helping Canada manage its forestry and agricultural wastes."
Commenting on the results of the combustion tests, DynaMotive President & CEO Andrew Kingston said: "We are very pleased with the results achieved. We have worked in close co-operation with CETC and are well on our way to validate the base commercial case for BioOil as a fuel for industrial heat and power applications. The opportunities that have been opened are enormous and are particularly relevant to the timber and forest industry. The conversion of forest residues into a liquid fuel with stable combustion properties provides the industry with the possibility of converting a waste into a resource and to reduce and control its energy costs in what is becoming a highly volatile energy market".
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 heat and power generation in boilers, gas turbines and diesel engines, 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 of BioOil as an alternative fuel and product source.
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