DynaMotive added to Watchlist
Clean Break has found another company to add to the watchlist.
DynaMotive Energy Systems Corp. (DYMTF), uses a patended "pyrolysis" process to convert forest and agricultural waste -- everything from sawdust to tree bark -- into a clean-burning renewable fuel it calls BioOil. This fuel can be used for power generation in gas turbines, diesel engines and boilers. Tyler has a nice writeup about the company at his CleanBreak website.
They are also trying to compete in the synthetic fuel space as well.
Successful Conversion of DynaMotive's BioOil to Synthetic Gas Demonstrates Potential for Production of Synthetic Diesel and Other Advanced Fuels
announced today the successful conversion of BioOil to Syngas following full-day gasification testing at the research institute Forschungszentrum Karlsruhe (FZK), Germany on September 16th. The objective of testing DynaMotive's BioOil was to establish if it could be gasified and converted to Syngas with characteristics within the predicted range.
The test results showed that DynaMotive Energy Systems Corporation's BioOil is suitable for Syngas production through demonstrating that a consistently good quality, industrial grade Syngas composition with low methane was achievable. With these very encouraging results, further testing and optimization of Syngas composition will be planned. [ more ]
In other synthetic gas news, Syntroleum Corp (SYNM) is under pressure today due to the closing of a well off the coast of Nigeria. Syntroleum said in late August that it felt the Aje-3 well "could be an ideal location for Syntroleum's unique marine-based GTL technology." [ more ]
SYNM is currently trading down over 30% today.