Information  X 
Enter a valid email address

Pursuit Dynamics PLC (PDX)

  Print      Mail a friend       Annual reports

Friday 18 March, 2011

Pursuit Dynamics PLC

Biofuels Update

RNS Number : 1999D
Pursuit Dynamics PLC
18 March 2011
 



18 March 2011

 

Pursuit Dynamics PLC (AIM: PDX)

("PDX" or the "Company')

 

Biofuels update

 

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.

 

Commenting on the announcement, Neil Koehler, CEO of Pacific Ethanol, Inc. (NASDAQ CM: PEIX), which manages the plant, stated:

 

"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."

 

Commenting on the announcement, Roel Pieper, CEO of PDX said:

 

"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."

 

- 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
 
 
MSCDVLBFFXFBBBE