According to DynaMotive Technologies Corporation, a Canadian-based technology company, customers for BioOil fuels could potentially include local, regional and international energy users such as electrical utilities, forest companies, oil and gas producers and manufacturing companies. The company describes its innovation as a waste to energy technology that converts forest and agricultural waste into liquid BioOil – a renewable alternative to fossil fuel for generating power in diesel engines, boilers and gas turbines. According to DynaMotive, the fuel is low in emissions and is greenhouse gas neutral.
“DynaMotive’s BioOil project is another example of how our investment in bioenergy technologies can help turn our climate change ‘problem’ into an innovation ‘opportunity’,” said Ralph Goodale, Minister of Natural Resources Canada. “BioOil is an exciting new fuel source that has the potential to be CO2 neutral while helping Canada manage its forestry and agricultural wastes.”
“We are very pleased with the results achieved,” said Andrew Kingston, DynaMotive President and CEO. “We have worked in close co-operation with CETC and are well on our way to validate the base commercial case for BioOil as a fuel for industrial heat and power applications. The opportunities that have been opened are enormous and are particularly relevant to the timber and forest industry. The conversion of forest residues into a liquid fuel with stable combustion properties provides the industry with the possibility of converting a waste into a resource and to reduce and control its energy costs in what is becoming a highly volatile energy market.”
DynaMotive has set itself the target of becoming the world leader in the development of technology to produce competitively priced liquid fuels from biomass. In December, the company announced the completion of the construction of its BioOil pilot plant, with a processing capacity of 10 tonnes of biomass feedstock per day.