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Thursday, 10/23/2014 6:28:35 PM

Thursday, October 23, 2014 6:28:35 PM

Post# of 26481
We got another player in the DME arena:

Maverick Northstar Receives License Extension to Include DME Technology

Published: Oct 23, 2014 9:22 a.m. ET


Oct 23, 2014 (ACCESSWIRE via COMTEX) -- Nanton, AB / ACCESSWIRE / October 23, 2014 / Petrostar Petroleum Corporation ("Petrostar" or "the Company") is very pleased to announce that Maverick Northstar has been granted a technology licence extension to incorporate methanol dehydration. The technology is designed to process methanol feedstock into Dimethyl Ether also known as DME or methoxymethane.

The license extension gives Maverick Northstar exclusive rights to Maverick Synfuels DME (dimethyl ether) technology for British Columbia, Alberta and Saskatchewan.

What is DME?

DME (dimethyl ether) is a clean, colorless gas that is easy to liquefy and transport. It has remarkable potential for increased use as an automotive fuel, for electric power generation, and in domestic applications such as heating and cooking.

DME can be derived from many sources, including renewable materials (biomass, waste and agricultural products) and fossil fuels (natural gas and coal).

DME has been used for decades in the personal care industry (as a benign aerosol propellant), and is now increasingly being exploited for use as a clean burning alternative to LPG (liquefied petroleum gas), diesel and gasoline.

Like LPG, DME is gaseous at normal temperature and pressure, but changes to a liquid when subjected to modest pressure or cooling. This easy liquefaction makes DME easy to transport and store. This and other properties, including a high oxygen content, lack of sulfur or other noxious compounds, and ultra clean combustion make DME a versatile and promising solution in the mixture of clean renewable and low-carbon fuels under consideration worldwide.*

PEP's CEO R. Mackenzie Loree stated: "Petrostar Petroleum is very pleased with the developments that Maverick Northstar has made in the 3rd quarter. The licence extension into the DME market provides a valuable market alternative for Mavericks proposed methanol developments. In the larger picture for PEP's portfolio we are now in a position to horizontally and vertically integrate salable product from the wellhead to final distribution. This includes TexAlta in P&NG exploration and production, Maverick Northstar in natural gas and methanol processing, and Lomac Canada for logistics and commodity sourcing and marketing.

The company's next step will be the evaluation and licensing of site specific GTL sites in conjunction with strategically located properties held by the company and its subsidiaries."

*International DME Association

About Petrostar Petroleum Corp.

Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.

www.petrostarpetroleum.com

About Maverick Northstar Ltd.

Maverick Northstar is a privately held corporation incorporated in the Province of Alberta. Petrostar petroleum Corp owns 60% of the total shares issued and outstanding in the entity. Maverick Northstar is engaged in the development and operations of energy processing equipment and technologies.

www.mavericknorthstar.com


http://www.marketwatch.com/story/maverick-northstar-receives-license-extension-to-include-dme-technology-2014-10-23?page=2