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Biofuels Update

9 Feb 2011 07:00

RNS Number : 9083A
Pursuit Dynamics PLC
09 February 2011
 



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

 

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCXVLLBFLFZBBB
Date   Source Headline
28th Jun 201112:04 pmRNSHolding(s) in Company
28th Jun 201111:59 amRNSHolding(s) in Company
28th Jun 20117:00 amRNSExercise of Options
23rd Jun 20117:00 amRNSExercise of Options
22nd Jun 20117:00 amRNS3 new biofuel plants signed
20th Jun 20112:32 pmRNSHolding(s) in Company
14th Jun 20117:00 amRNSBrewing Agreement
14th Jun 20117:00 amRNSBoard Changes
14th Jun 20117:00 amRNSInterim Results
25th May 20117:05 amRNSHolding(s) in Company
25th May 20117:00 amRNSNew Biofuels Agreement
6th May 20119:58 amRNSNotice of Results
28th Apr 20112:48 pmRNSTotal Voting Rights
21st Apr 20115:26 pmRNSHolding(s) in Company
20th Apr 20114:10 pmRNSProposed Placing
13th Apr 20117:39 amRNSAgreements signed with KFT
30th Mar 20115:37 pmRNSAnnual Report and Accounts
28th Mar 20112:25 pmRNSHolding(s) in Company
18th Mar 20117:06 amRNSBiofuels Update
3rd Mar 20112:11 pmRNSExercise of Options
28th Feb 20112:33 pmRNSResult of AGM
28th Feb 20117:00 amRNSAGM Statement
9th Feb 20117:00 amRNSBiofuels Update
7th Feb 20111:26 pmRNSDirector's Dealings
4th Feb 20114:15 pmRNSHolding(s) in Company
3rd Feb 20117:00 amRNSUpdate on JV with NNL
2nd Feb 20113:46 pmRNSExercise of Options
20th Jan 20115:03 pmRNSStatement re share price
12th Jan 20117:00 amRNSBiofuels Update
15th Dec 201012:34 pmRNSDirector/PDMR Shareholding
9th Dec 20104:47 pmRNSHolding(s) in Company
7th Dec 201012:10 pmRNSOptions and Directors Dealings
7th Dec 201012:05 pmRNSHolding(s) in Company
3rd Dec 20107:00 amRNSFinal Results
22nd Nov 20107:00 amRNSBio-fuels update
16th Nov 20103:16 pmRNSHolding(s) in Company
15th Nov 20103:58 pmRNSHolding(s) in Company
8th Nov 20104:08 pmRNSNotice of Results
5th Nov 20109:39 amRNSAgreement with P&G
14th Oct 201012:52 pmRNSEthanol Blendwall Increase
6th Oct 20107:00 amRNSDirectorate Change
30th Sep 20107:00 amRNSExercise of Options
16th Sep 20107:00 amRNSDecon JV Agreement
7th Sep 201010:59 amRNSHolding(s) in Company
6th Sep 20107:00 amRNSBrewing Contract
17th Aug 20107:00 amRNSBiofuels Contract and Appointments
11th Aug 20104:40 pmRNSExercise of Options
11th Aug 20107:00 amRNSBrewing certification awarded
3rd Aug 20107:00 amRNSManagement Appointment
23rd Jul 201011:17 amRNSReplacement - Exercise of Options

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