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RUEIL-MALMAISON, France – IFP Energies nouvelles (IFPEN), a leading research and development center in the fields of energy, transport and environment, Axens, an international provider of advanced technologies, catalysts, adsorbents and services to the refining, petrochemical, gas and alternative fuel industries, and Dynamotive, a leader in pyrolysis fuel processes, have announced completion of agreements for the development, industrialization and commercialization of a proprietary innovative process to produce transportation fuels from pyrolysis oils.

The process, initially developed by Dr Radlein and Dynamotive, has involved IFPEN for the past years during which extensive analysis and verification of economic and technical parameters concluded that the process has competitive advantages when compared to existing processes and competing technologies.

In pursuit of the development, laboratory scale units were developed and operated in Canada and in France at IFPEN facilities in Lyon where Dynamotive’s bio-oil was upgraded to synthetic hydrocarbons. This pre-development work has led to patent applications by IFPEN, Dynamotive and Dr Radlein.

The agreements mark the completion of Dynamotive’s investment program in the process as IFPEN commits to develop the full bio-oil upgrading technology. Dynamotive, on its part, will cooperate in provisioning pyrolysis oil to IFPEN for the development of the upgrading technology, and will be in charge of its industrialization and commercialization.

About IFPEN

IFP Energies nouvelles (IFPEN) is a public-sector research, industrial innovation and training center active in the fields of energy, transport and the environment. Its mission is to provide public players and industry with efficient, economical, clean and sustainable technologies to take up the challenges facing society in terms of climate change, energy diversification and water resource management. It boasts world-class expertise.

About Axens

Axens is an international provider of advanced technologies, catalysts, adsorbents and services, with a global reputation for basic engineering design excellence. The main scope of Axens’ business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens’ global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using our processes and catalysts all around the world.

About Dynamotive

Dynamotive Energy Systems Corporation is a world leader in the development of BioOil, a sustainable and environmentally friendly biofuel, capable of competing economically with hydrocarbon fuels while providing substantial environmental advantages. Dynamotive’s technology is based on the application of the fast pyrolysis to biomass waste (agricultural and forestry) to produce a high quality, versatile, economic biofuel. BioOil can be further converted into vehicle fuels and chemicals.

For more information about IFPEN, please visit the company's website here

For more information about Axens please visit the company's website here

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