14th Oct 2010 12:52
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:
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PDX |
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Roel Pieper, CEO |
Tel: +44 (0)1480 422050 |
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Donald Bell, CFO |
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Financial Dynamics |
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Ben Foster / Marc Cohen |
Tel: +44 (0) 20 7831 3113 |
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Cenkos Securities plc |
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Ian Soanes / Max Hartley |
Tel: +44 (0)20 7397 8924 |
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Mirabaud Securities LLP |
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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.
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