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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (2464)	2/9/1999 10:57:00 AM
From: P.E. Allen	Respond to of 52051

From development to production Company DYMTF 1 1/2 +3/8 delayed 20 mins - disclaimer Tuesday February 9, 9:24 am Eastern Time FULL TEXT-DynaMotive ships BioOil (Full text of press release from Canada NewsWire) DynaMotive confirms BioOil shipments to engine manufacturers as the BioOil Business Unit announces strategy to produce fuel VANCOUVER, Feb. 9 /CNW/ - DynaMotive Technologies Corporation (NASDAQ: DYMTF) announced today that it has begun shipping BioOil to engine manufacturers and energy companies in Europe and North America. The Company's BioOil Business Unit is positioning to become the world leader in the production of BioOil fuels for green'' power generation, and has recently increased production capacity at its BioOil pilot plant in Vancouver to meet market demand. Global demand to accelerate clean energy production, improve air quality and reduce waste has created a powerful market for BioOil,'' said Jonathan Rhone, Vice-President of Corporate Development. Our decision in mid-1998 to upgrade our BioOil pilot plant to four times its original production capacity has certainly paid off as demands for BioOil for commercial engine testing and product R&D have grown tremendously. Unlike fossil fuels, BioOil is renewable, clean burning, low in emissions, greenhouse gas neutral and can be produced economically from waste products,'' Rhone said. Demand for BioOil fuel is driven by high fossil fuel taxes in many European countries and the need for low cost alternatives to fossil fuel in developing countries. We now have a commercialization strategy in place to capitalize on international market opportunities for BioOil fuels.'' Key elements of this strategy are: - Engine Testing for Packaged Power Systems - The BioOil Business Unit has established BioOil fuel testing programs with a number of stationary diesel and gas turbine engine manufacturers in Europe and North America. Once tests are completed, DynaMotive will work with partners to market BioOil power generation systems in the under 20 MW stationary power market. - Target Markets for BioOil Green'' Power - The BioOil Unit is focusing on two priority markets for BioOil power generating systems. The first is Europe where high fossil fuel taxes enable BioOil to compete with fossil fuel. The second is developing countries and off-grid locations where higher electricity costs coupled with inexpensive feedstock make BioOil-fuelled power generation attractive. - Scale-Up to Larger Demonstration Plants - The BioOil Business Unit is now poised to move to commercial demonstration of BioOil production, and plans to begin construction of a 25-50 ton per day (tpd) BioOil demonstration facility in Europe or North America within the next 12 months. This will be followed by scale-up to 200 tpd facilities in 2001 and a subsequent rollout program that will result in commissioning of over 70 BioOil plants within the next ten years. DynaMotive's BioOil Business Unit is commercializing a unique, waste-to-energy technology that converts low value forest waste and agricultural by-products into liquid BioOil. BioOil can be used as a clean burning fuel substitute for fossil fuels to generate green'' power in stationary diesel generators and gas turbines. BioOil is also a unique source of organic chemicals and can be used as the raw material to manufacture a pipeline of derivative products including slow release fertilizers and other agro-products, air pollution control additives and specialty chemicals. 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. /For further information: Toll Free: 1-877-863-2268; Raymond McAllister, Director, Corporate Communications, Direct Line: (604) 267-6009, Fax: (604) 267-6005, Email: mcallister(at)dynamotive.com; Website: 1 -------------------------------------------------------------------------------- More Quotes and News: Nasdaq:DYMTF - news Related News Categories: US Market News