Dynamotive invests in Australian renewables
June 24, 2011 – Vancouver-based Dynamotive is increasing its shareholding in Melbourne, Australia-based Renewable Oil Corporation as part of a joint development agreement.
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