25-07-2012: IFP Energies nouvelles (IFPEN), Axens and Dynamotive announced completion of agreements for the development, industrialization and commercialization of a proprietary innovative process to produce transportation fuels from pyrolysis oil.
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 program. Axens will finalize the development of the upgrading technology, and will be in charge of its industrialisation and commercialization.