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18 Mar 2011 07:06
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18 March 2011
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Pursuit Dynamics PLC (AIM: PDX)
("PDX" or the "Company')
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Biofuels update
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PDX is pleased to announce today that it has agreed to formal terms with Pacific Ethanol Columbia LLC for the commercial operation of the Ethanol Reactor System ("ERS") installation at its Columbia Plant near Boardman, Oregon (USA). The agreement, which is in line with previous guidance, ensures that PDX would share in the full range of benefits that accrue to Pacific Ethanol Columbia through operating the ERS, which we believe will include an enhanced yield, reduced operating cost, reduced enzyme costs and improved cycle times.
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Commenting on the announcement, Neil Koehler, CEO of Pacific Ethanol, Inc. (NASDAQ CM: PEIX), which manages the plant, stated:
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"The agreement with PDX enables the continued operation of the ERS and verification of the benefits it delivers at the Pacific Ethanol Columbia plant in Boardman, Oregon. We are pleased to advance our relationship with PDX as it demonstrates our continued focus on introducing new technology that will enable us to enhance the yields on corn ethanol and optimizing the overall performance of our ethanol production plants."
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Commenting on the announcement, Roel Pieper, CEO of PDX said:
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"Today's announcement is the culmination of a tremendous amount of hard work on behalf of the team who have worked diligently and tirelessly to demonstrate the ERS's commercial potential. We now look forward to growing the business further and continuing to drive commercial returns."
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- Ends -
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For Further Information, please contact:
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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 |
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Notes to Editors
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About PDX
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- 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.
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- 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.
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- PDX is headquartered in Huntingdon (UK) with an office in London (UK), Schaffhausen (Switzerland) and Connecticut (USA).
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- Further information is available at the Company's website: www.pdx.bizΒ
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- Publication quality photographs are available from FD.
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