Dynamotive Energy Systems (fka DYMTF)

[lightbeam]

I do not know if you have seen this.

Pyrolysis plant to turn biomass into BioOil in China
By Erin Voegele


Web exclusive posted Dec. 8, 2008 at 4:51 p.m. CST

Vancouver, British Columbia-based Dynamotive Energy Systems Corp. has entered into a commercial agreement to support the development of a pyrolysis plant in China. The plant will use Dynamotive Energy Systems’ proprietary technology, which uses medium temperatures and oxygen-less conditions to turn dry waste cellulosic biomass into BioOil used for power and heat generation. BioOil can be further converted into vehicle fuels and chemicals.

The plant, which will be located in the Henan province of China, will be developed by Hubei Xinda Bio-oil Technology Co. Ltd. in cooperation with Great China New Energy Technology Services Co. Ltd., which is the exclusive licensor of Dynamotive Energy Systems’ technology in China.

Under the agreement, Dynamotive Energy Systems will provide process, engineering and technical support for the development of the facility for a fee of $2.3 million. Hubei Xinda will be responsible for construction. Dynamotive’s agreement with Great China New Energy Technology Services also allows Dynamotive Energy Systems to own up to a 20 percent interest in the venture.

The agreement with Great China New Energy Technology Services and Hubei Xinda is the first in a number of potential agreements that are expected to be done in the region. According to a press release issued by Dynamotive Energy Systems, Great China New Energy Technology Services is obligated to develop a minimum of 15 plants in the region within five years. Minimum licensing fees have been set at $1 million per developed plant.

http://www.biomassmagazine.com/article.jsp?article_id=2261