October 2, 2007 – Vol. 12 No.28

Dynamotive Plans $105 Million Biofuel and Electricity Investment in Argentina.

Dynamotive has submitted documents to the Government of Corrientes detailing plans to develop two self-contained biofuel-to-electricity complexes in the province.

Each complex will be comprised of a 15.7-megawatt electricity-generating station powered by the majority of the fuel output of two 200-ton-per-day modular plants producing BioOil (tm) biofuel from wood waste and residues from nearby forests and other biomass residue.

Excess BioOil produced at these facilities will be sold into commercial and industrial fuel markets.

The sites for the complexes will be located approximately 500 miles from Buenos Aires, in Virasoro and Santa Rosa in Corrientes province. According to Dynamotive the joint focus of the development of the complexes is to tackle environmental issues arising from vast stockpiles of decomposing wood waste and substantially increase electricity-generating capacity in the forested region.

Dynamotive Energy Systems Corporation is headquartered in Vancouver, Canada. The company’s carbon/greenhouse-gas-neutral fast pyrolysis technology uses medium temperatures and oxygen-free conditions to turn dry, waste cellulosic biomass into BioOil for heat and power generation. BioOil can be further converted into vehicle fuels and chemicals. When combusted it produces substantially less smog-precursor nitrogen oxides (NOx) emissions than conventional oil as well as little or no sulfur oxide gases (SOx). (10/2/07)

Links:

Dynamotive http://www.dynamotive.com/

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes

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