Dynamotive invests in Australian renewables

June 24, 2011 – Vancouver-based Dynamotive
is increasing its shareholding in Melbourne, Australia-based Renewable Oil
Corporation (ROC) as part of a joint development agreement. The agreement
builds on a range of activities by the parties over several years, and the past
twelve months in particular:

• Upgrading of Dynamotive’s pyrolysis oil to
  mobile fuels for a range of transport applications. The upgrading process is
  being evaluated by IFP Energies Nouvelles of France and may lead to agreements
  for its development and commercialization. ROC would receive an
  undertaking from Dynamotive that it would receive licenses for industrial
  bio-oil upgrading units on similar commercial terms as other parties.
• Development of pyrolysis oil as a fuel for
  large diesel engines suitable for marine and power applications.
• Work by ROC to shortlist sites in Australia
  that offer stable and competitively priced supplies of wood feedstock for
  commercial plants. This includes non-binding memoranda of understanding with
  three feedstock suppliers.
• Work by ROC with the Future Farm Industries
  CRC, an organization for the promotion of mallee eucalypts as a new tree crop
  on farms across the Australian wheat belt. The two are co-operating to develop
  industrial production of biofuels in Western Australia with a major farm
  forestry program that has the potential to provide sustainable biomass for many
  biofuel plants.