Bioenergy

Dynamotive Pursues BioOil and Biomass Opportunities

Vancouver, British Columbia [RenewableEnergyAccess.com] DynaMotive Energy Systems entered into a master license agreement with Enecon Pyrolysis Pty Ltd. (EPPL), which intends to establish the first biomass to BioOil business in Australia and will hold the exclusive license for DynaMotive’s pyrolysis technology in the country. Enecon has identified two initial biomass pyrolysis projects that offer financial returns. In these proposed development projects, the power generated via the BioOil may be sold at a premium over grid electricity due to the remote location of end-users. DynaMotive has also concluded agreements with Consensus Business Group of the UK, confirming funding for two joint venture companies. One company will focus on European business development activities and the other will focus on biomass opportunities. No technology rights are included in these agreements and any projects developed will be developed under standard license agreements.