DynaMotive Receives CDN$5 Million Sustainable Development Technology Canada

DynaMotive Energy Systems Corporation (OTCBB:DYMTF) is receiving a CDN$5 Million contribution from Sustainable Development Technology Canada (SDTC) to develop its West Lorne BioOil Cogeneration Project. The project is a biooil fueled 2.5 MW cogeneration plant at a cost of CDN$12.5 Million. The plant will validate the integrated technology capabilities of DynaMotive Energy Systems Corporation (BioOil production) and Magellan Aerospace Corporation-Orenda division (BioOil fueled 2.5 MW turbine). Other partners in the project are Ontario Power Generation, Erie Flooring and Wood Products, Bruks-Klockner Inc., Ramsay Machine Works Ltd. and UMA Engineering. "SDTC selects and supports projects that will have the highest likelihood of success. Our extensive review of the West Lorne BioOil Cogeneration Project demonstrated excellence in sustainable development innovation and environmental performance. We were also impressed with its bio fuel technology and its strong capacity to attain market entry," said Dr. Vicky J. Sharpe, President and CEO, SDTC. SDTC is a $350M foundation established by the Government of Canada through the Departments of Natural Resources Canada and Environment Canada to further the development and demonstration of innovative technology solutions to reduce greenhouse gas emissions and improve air quality. SDTC operates as an arm's-length, not-for-profit corporation from Government and acts as primary […]

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