Last checked at 7 Sep 2011 07:00
7 September 2011
Pursuit Dynamics PLC
("PDX" or "the Company")
New biofuels plant signed; biofuels LOB progressing well
PDX (AIM:PDX) is pleased to announce today the signing of an agreement with Marquis Energy LLC ("Marquis") to install the Ethanol Reactor System ("ERS") at its plant in Wisconsin, USA, with a capacity of 50 million US Gallons per annum ("Gpa").
Today's agreement enables PDX to install the ERS and determine its performance at the plant. Subject to satisfactory operational validation, the next stage of the process will be the agreement of commercial terms and the commencement of revenues.
This is the second Marquis plant to install the ERS - its plant at Hennepin, IL, USA commenced commercial operation on 14 June 2011 and is operating in Optimization mode. Marquis has also confirmed that the PDX ERS will be part of its standard operational equipment going forward. The Marquis Energy plants are considered to be amongst the best performing plants in the USA.
The signing of today's agreement will bring the total number of plants installed or contracted to be installed to 14, with a total capacity of approximately 1 billion Gpa.
See the table in the notes to editors for a detailed breakdown of all the plants with which PDX has signed agreements.
Commenting on the announcement, Roel Pieper, CEO of PDX said:
"The signing of today's agreement with Marquis demonstrates clearly the increasing industry acceptance and growing momentum of the PDX technology in the corn ethanol industry".
- Ends -
For Further Information, please contact:
Pursuit Dynamics PLC | |
Roel Pieper, CEO | Tel: +44 (0)1480 422050 |
Richard Webster, CFO | |
Financial Dynamics | |
Marc Cohen | Tel: +44 (0) 20 7831 3113
|
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:
Biofuels agreements
Company | No. of plants | Gpa (m) | Status
|
Pacific Ethanol Columbia LLC
|
1 |
50 |
In commercial operation as of 18 March 2011
|
Marquis Energy LLC
|
2 |
185 |
In commercial operation as of 14 June 2011
|
Mid America Bio Energy & Commodities LLC
|
1 |
46 |
ERS installed, awaiting commencement of commercial operation |
Red Trail Energy LLC
|
1 |
50 |
ERS installation in progress
|
Front Range Energy LLC
|
1 |
50 |
ERS installation in progress |
Pacific Ethanol Magic Valley, Stockton and Madera
|
3 |
158 |
ERS installation in planning stages |
BioFuel Energy LLC |
2 |
230 |
ERS installation in planning stages
|
Advanced BioEnergy
|
3 |
195 |
ERS installation in planning stages |
Total
|
13 |
964 |
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 five Lines of Business
Biofuels; Brewing, Food and Beverages; Public Health and Decontamination;
Industrial Licensing; Water.
- PDX is headquartered in Huntingdon with an office in London,
Schaffhausen, Denver and Connecticut.
- Further information is available at the Company's website: www.pdx.biz
- Publication quality photographs are available from FD