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Ethanol Blendwall Increase

14th Oct 2010 12:52

RNS Number : 4073U
Pursuit Dynamics PLC
14 October 2010
 



14 October 2010

 

Pursuit Dynamics PLC

("PDX" or "the Company")

 

Increase to the ethanol blendwall from 10% to 15%

 

PDX notes with interest yesterday's announcement by The US Environmental Protection Agency ("EPA") that it is partially granting a waiver to allow the amount of ethanol in automotive fuel to rise to 15% from 10% for use in in certain motor vehicles manufactured from 2007 onwards.

 

Roel Pieper, CEO of PDX, commented:

 

"This is a very significant step for the ethanol industry and in turn PDX. The EPA's decision to increase the blendwall is likely to lead the industry to increase production in order to meet rising demand. This will have a positive effect on our bio-fuels business and we continue to commercialise the PDX technology in this exciting area."

 

- Ends -

 

 

For Further Information, please contact:

 

PDX

Roel Pieper, CEO

Tel: +44 (0)1480 422050

Donald Bell, CFO

Financial Dynamics

Ben Foster / Marc Cohen

Tel: +44 (0) 20 7831 3113

 

 

Cenkos Securities plc

Ian Soanes / Max Hartley

Tel: +44 (0)20 7397 8924

Mirabaud Securities LLP

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 now organized into four Lines of Business - Bio-fuels, Brewing and Food, Decontamination and Fire Suppression.

 

- PDX is headquartered in Huntingdon, UK with an office in Norwalk, Connecticut, USA.

 

- Further information is available at the Company's website: www.pdx.biz 

 

- Publication quality photographs are available from FD.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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