9th Feb 2011 07:00
9 February 2011
Pursuit Dynamics PLC (AIM: PDX)
("PDX" or the "Company')
Biofuels update
PDX is pleased to announce today that its Ethanol Reactor System ("ERS") installation at Pacific Ethanol Inc.'s Columbia Plant near Boardman Oregon USA is now moving into commercial production. PDX and Pacific Ethanol are in the process of agreeing formal terms for the full commercial use of the ERS, which will start operating in the Optimization mode, and PDX expects that revenues will be generated during this calendar quarter.
The installation of the ERS at Boardman has confirmed its stability, quality and viability for the corn ethanol market. The installation at Boardman will also begin validating the Cycle Time mode, which will enable more cycles to be run, thereby enhancing the total volume of ethanol produced and the return to PDX.
Commenting on the announcement, Roel Pieper, CEO of PDX, said:
"Today's announcement is a significant milestone in the commercial development of our biofuels business and I am looking forward to announcing further commercial developments as the remainder of our bioethanol plants enter commercial production."
- Ends -
For Further Information, please contact:
PDX | |
Roel Pieper, CEO | Tel: +44 (0)1480 422050 |
Richard Webster, CFO | |
Financial Dynamics | |
Ben Foster Marc Cohen | Tel: +44 (0) 20 7831 3113 Tel: +44 (0) 7802 877 241 |
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Cenkos Securities | |
Ian Soanes Max Hartley | Tel: +44 (0)20 7397 8924 |
Mirabaud Securities | |
Rory Scott | Tel: +44 (0) 20 7878 3360 |
Notes to Editors
About PDX
- PDX (AIM: PDX) owns and commercialises the PDX Atomiser and Reactor technologies that enable significant reductions in energy usage, process acceleration and result enhancement for a wide range of industrial processes and applications.
- The PDX business model is currently organised into six Lines of Business - Biofuels; Brewing, Food and Beverages; Public Health and Decontamination; Industrial Licensing; Water and New Ventures.
- PDX is headquartered in Huntingdon (UK) with an office in London (UK), Schaffhausen (Switzerland) and Connecticut (USA).
- Further information is available at the Company's website: www.pdx.biz
- Publication quality photographs are available from FD.
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