FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR March 7, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(Exact name of Registrant as specified in its charter)
-----------------
Suite 230-1700 West 75th Avenue
Vancouver, BC
Canada V6P 6G2
(604) 267-6000
(Address of principal executive offices)
-----------------
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F:]
FORM 20-F X FORM 40-F
--- ---
[Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
YES NO X
--- ---
[If Yes is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b):] Not applicable
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
---------------------------
DynaMotive Energy Systems Corporation (the "Issuer")
230-1700 West 75th Avenue
Vancouver, BC V6P 6G2
Tel. (604) 267-6013
Item 2 Date of Material Change
-----------------------
March 6, 2007
Item 3 News Release
------------
Issued March 6, 2007 and disseminated via Business Wire.
Item 4 Summary of Material Change
--------------------------
BRUSSELS, BELGIUM, and LAS VEGAS, USA, March 6, 2007 - Dynamotive
Energy Systems Corporation (OTCBB: DYMTF), which develops and markets
biomass-based biofuel technology and products derived from its
proprietary fast pyrolysis process, announced today that it has started
the commissioning of its biofuel plant in Guelph, Ontario, Canada, a
process that is on target 11 months after start of fabrication.
The joint ventured Guelph plant, is designed to process 200 tonnes per
day of cellulosic biomass (recycled wood) and produce 175 tonnes
(37,000 gallons) of biofuel per day (12.2 million gallons a year) with
the equivalent energy content of 550 barrels of conventional oil. Total
development costs for the plant are currently estimated at US$ 16.5
million. Full operations are scheduled for the second quarter.
The Guelph plant commissioning announcement was made simultaneously in
Brussels, in connection with the World Biofuels Markets, Congress and
Exhibition, and in Las Vegas, in connection with PowerGen Renewable Energy &
Fuels Conference.
Item 5 Full Description of Material Change
-----------------------------------
5.1 Full Description of Material Change
BRUSSELS, BELGIUM, and LAS VEGAS, USA, March 6, 2007 - Dynamotive
Energy Systems Corporation (OTCBB: DYMTF), which develops and markets
biomass-based biofuel technology and products derived from its
proprietary fast pyrolysis process, announced today that it has started
the commissioning of its biofuel plant in Guelph, Ontario, Canada, a
process that is on target 11 months after start of fabrication.
The joint ventured Guelph plant, is designed to process 200 tonnes per
day of cellulosic biomass (recycled wood) and produce 175 tonnes
(37,000 gallons) of biofuel per day (12.2 million gallons a year) with
the equivalent energy content of 550 barrels of conventional oil. Total
development costs for the plant are currently estimated at US$ 16.5
million. Full operations are scheduled for the second quarter.
The Guelph plant commissioning announcement was made simultaneously in
Brussels, in connection with the World Biofuels Markets, Congress and
Exhibition, and in Las Vegas, in connection with PowerGen Renewable
Energy & Fuels Conference.
Unlike ethanol and biodiesel, the biofuels produced by Dynamotive will
be aimed at the industrial fuels market. This market accounts for
approximately 25% of hydrocarbon usage and is a major contributor to
greenhouse gas emissions.
"The Guelph plant will help draw international attention to renewable
BioOil and Intermediate BioOil as being viable and highly economical
replacements, on a potentially enormous scale, for mainstream
industrial fuels whether in the US, China, Europe or the smallest
nations which have little or no fossil fuel but abundant cellulosic
biomass residues which are the raw materials from which our fuels are
made," said Andrew Kingston, President and CEO of Dynamotive.
"Biodiesel and ethanol target mobile fuels. Dynamotive's fuels target,
initially, the industrial market which is largely untapped. We believe
we have a great competitive edge in this market as well as being able
to target ethanol and syn-diesel production through further processing
of our fuel."
"We believe that our BioOil and Intermediate BioOils can be shown to be
cost competitive with hydrocarbon-based industrial fuels.
"The attractive economics of BioOil partly derive from the simplicity
of the process, heat transformation of biomass into a liquid and char
and the fact that residual cellulosic biomass can be processed at
smaller, distributed plants that are significantly less costly to build
and operate than other biofuel production facilities that require large
scale operations to be economical," said Kingston.
"A main contributor to the cost competitiveness is the fact that
Dynamotive's fuel is produced from residual or waste biomass and not
from agricultural products that otherwise have food value."
The company has tested over 120 types of biomass to date. This provides
it with great flexibility in tackling the growing sustainable fuels
market, even providing opportunity to process residues from biodiesel
and ethanol production processes.
Dynamotive has developed and tested BioOil and Intermediate BioOil in a
number of industrial applications with major companies and has shown
equivalent performance to natural gas, heating oil and diesel with same
heat input (equivalent thermal input). Further, BioOil, Intermediate
BioOil and char produced at Dynamotive's West Lorne plant have received
Environment Canada's EcoLogo Certification through the Environmental
Choice Program. Information on tests and the EcoLogo program are
available at the Company's website www.dynamotive.com.
Kingston added that at a second stage of development Dynamotive will
aim to further process BioOil and Intermediate BioOil into synthetic
diesel and ethanol and, in doing so, further expand the market appeal
for its technology and fuels.
"Production of syngas from BioOil and Intermediate BioOil is a
preliminary step towards the development of mobile fuels and has been
successfully demonstrated by the company."
Dynamotive has developed the technology and fuels over the past 10
years and demonstrated scaleability through six increasingly larger
plants. It has invested over US$ 50 million to reach this stage.
Today, the Company has developed two commercial plants in Ontario,
Canada, Guelph and West Lorne, and is planning further production
facilities for Australia, China, Europe, South America and the United
States in addition to further plant modules of 200 tonnes per day
capacity at the Guelph site.
Guelph's output biofuel - Intermediate BioOil - will be suitable for
most of the industrial uses now addressed by petroleum-based #2 or #6
heating oil, such as industrial power, heating, paper manufacturing and
aluminum smelting.
The company said it also expects to restart production near the end of
the second quarter, of its West Lorne, Ontario plant that is currently
being upgraded (after two years of operating as a commercial
demonstration plant) to 130 tonnes per day of biomass processing
capacity. The plant will produce Light BioOil and Char. The output of
the plant will be mainly for electricity generation and for specialty
products as BioOil has a number of high value components that can be
extracted.
"Our Intermediate-Grade BioOil is an excellent substitute for fossil
fuels, especially for use in industrial boilers, kilns, smelters and
other applications. BioOil pumps well, ignites and burns readily when
atomized, and it can be used by industrial customers with little
adjustments necessary to combustion equipment."
"According to the Energy Information Administration, a statistical
agency of the United States Department of Energy, nearly 25% (24.35%)
of all U.S. petroleum consumption is used by industrial boilers and
similar equipment.
"Focusing on that huge market makes BioOil the natural, renewable
choice for industry," Kingston continued, "and, we believe, it will
become a necessary supplemental biofuel to complement ethanol and
biodiesel - fuels which are more focused on transportation usage."
Kingston will discuss the markets, technology and implications of
Intermediate BioOil in more detail on Friday, March 9th, when he speaks
at the World Biofuels Markets Congress in Brussels.
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
------------------------------------------------------------------
Not applicable
Item 7 Omitted Information
-------------------
Not applicable
Item 8 Executive Officer
-----------------
Contact: Andrew Kingston, President & CEO
Telephone: (604) 267-6013
Item 9 Date of Report
--------------
March 6, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(signed) "Andrew Kingston"
---------------
Andrew Kingston
President & CEO
DYNAMOTIVE ENERGY SYSTEMS CORPORATION News Release: March 6, 2007
DYNAMOTIVE STARTS COMMISSIONING INTERMEDIATE BIOOIL PLANT IN GUELPH, ONTARIO,
AIMING AT 'UNTAPPED' INDUSTRIAL FUELS MARKET
BRUSSELS, BELGIUM, and LAS VEGAS, USA, March 6, 2007 - Dynamotive Energy
Systems Corporation (OTCBB: DYMTF), which develops and markets biomass-based
biofuel technology and products derived from its proprietary fast pyrolysis
process, announced today that it has started the commissioning of its biofuel
plant in Guelph, Ontario, Canada, a process that is on target 11 months after
start of fabrication.
The joint ventured Guelph plant, is designed to process 200 tonnes per day of
cellulosic biomass (recycled wood) and produce 175 tonnes (37,000 gallons) of
biofuel per day (12.2 million gallons a year) with the equivalent energy
content of 550 barrels of conventional oil. Total development costs for the
plant are currently estimated at US$ 16.5 million. Full operations are
scheduled for the second quarter.
The Guelph plant commissioning announcement was made simultaneously in
Brussels, in connection with the World Biofuels Markets, Congress and
Exhibition, and in Las Vegas, in connection with PowerGen Renewable Energy &
Fuels Conference.
Unlike ethanol and biodiesel, the biofuels produced by Dynamotive will be
aimed at the industrial fuels market. This market accounts for approximately
25% of hydrocarbon usage and is a major contributor to greenhouse gas
emissions.
"The Guelph plant will help draw international attention to renewable BioOil
and Intermediate BioOil as being viable and highly economical replacements,
on a potentially enormous scale, for mainstream industrial fuels whether in
the US, China, Europe or the smallest nations which have little or no fossil
fuel but abundant cellulosic biomass residues which are the raw materials
from which our fuels are made," said Andrew Kingston, President and CEO of
Dynamotive.
"Biodiesel and ethanol target mobile fuels. Dynamotive's fuels target,
initially, the industrial market which is largely untapped. We believe we
have a great competitive edge in this market as well as being able to target
ethanol and syn-diesel production through further processing of our fuel."
"We believe that our BioOil and Intermediate BioOils can be shown to be cost
competitive with hydrocarbon-based industrial fuels.
"The attractive economics of BioOil partly derive from the simplicity of the
process, heat transformation of biomass into a liquid and char and the fact
that residual cellulosic biomass can be processed at smaller, distributed
plants that are significantly less costly to build and operate than other
biofuel production facilities that require large scale operations to be
economical," said Kingston.
"A main contributor to the cost competitiveness is the fact that Dynamotive's
fuel is produced from residual or waste biomass and not from agricultural
products that otherwise have food value."
The company has tested over 120 types of biomass to date. This provides it
with great flexibility in tackling the growing sustainable fuels market, even
providing opportunity to process residues from biodiesel and ethanol
production processes.
Dynamotive has developed and tested BioOil and Intermediate BioOil in a
number of industrial applications with major companies and has shown
equivalent performance to natural gas, heating oil and diesel with same heat
input (equivalent thermal input). Further, BioOil, Intermediate BioOil and
char produced at Dynamotive's West Lorne plant have received Environment
Canada's EcoLogo Certification through the Environmental Choice Program.
Information on tests and the EcoLogo program are available at the Company's
website www.dynamotive.com.
Kingston added that at a second stage of development Dynamotive will aim to
further process BioOil and Intermediate BioOil into synthetic diesel and
ethanol and, in doing so, further expand the market appeal for its technology
and fuels.
"Production of syngas from BioOil and Intermediate BioOil is a preliminary
step towards the development of mobile fuels and has been successfully
demonstrated by the company."
Dynamotive has developed the technology and fuels over the past 10 years and
demonstrated scaleability through six increasingly larger plants. It has
invested over US$ 50 million to reach this stage. Today, the Company has
developed two commercial plants in Ontario, Canada, Guelph and West Lorne,
and is planning further production facilities for Australia, China, Europe,
South America and the United States in addition to further plant modules of
200 tonnes per day capacity at the Guelph site.
Guelph's output biofuel - Intermediate BioOil - will be suitable for most of
the industrial uses now addressed by petroleum-based #2 or #6 heating oil,
such as industrial power, heating, paper manufacturing and aluminum smelting.
The company said it also expects to restart production near the end of the
second quarter, of its West Lorne, Ontario plant that is currently being
upgraded (after two years of operating as a commercial demonstration plant)
to 130 tonnes per day of biomass processing capacity. The plant will produce
Light BioOil and Char. The output of the plant will be mainly for
electricity generation and for specialty products as BioOil has a number of
high value components that can be extracted.
"Our Intermediate-Grade BioOil is an excellent substitute for fossil fuels,
especially for use in industrial boilers, kilns, smelters and other
applications. BioOil pumps well, ignites and burns readily when atomized, and
it can be used by industrial customers with little adjustments necessary to
combustion equipment."
"According to the Energy Information Administration, a statistical agency of
the United States Department of Energy, nearly 25% (24.35%) of all U.S.
petroleum consumption is used by industrial boilers and similar equipment.
"Focusing on that huge market makes BioOil the natural, renewable choice for
industry," Kingston continued, "and, we believe, it will become a necessary
supplemental biofuel to complement ethanol and biodiesel - fuels which are
more focused on transportation usage."
Kingston will discuss the markets, technology and implications of
Intermediate BioOil in more detail on Friday, March 9th, when he speaks at
the World Biofuels Markets Congress in Brussels.
About Dynamotive
Dynamotive Energy Systems Corporation is an energy solutions provider
headquartered in Vancouver, Canada, with offices in the USA, UK and
Argentina. Its carbon/greenhouse-gas-neutral fast-pyrolysis technology uses
medium temperatures and oxygen-less conditions to turn dry waste biomass and
energy crops into BioOil for power and heat generation. BioOil can be further
converted into vehicle fuels and chemicals. For further information, please
visit Dynamotive's website: www.dynamotive.com.
www.dynamotive.com
Contacts:
Nigel Horsley, Executive Director, Communications and Investor Relations,
604-267-6028
Nathan Neumer, Director, Communications,
604-267-6042
Switchboard (604) 267-6000
Toll Free (North America) 1-877-863-2268
Fax (604) 267-6005
Email: info@dynamotive.com
Website: www.dynamotive.com
Forward Looking Statement
Statements in this news release concerning the company's business outlook or
future economic performance; including the anticipation of future plant start-
ups, partnerships, consortiums, teaming agreements, government assistance,
other anticipated cash receipts, revenues, expenses, or other financial
items; and statements concerning assumptions made or expectations as to any
future events, conditions, performance or other matters, are "forward-looking
statements". Forward-looking statements are by their nature subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from those stored in such statements. Such risks, uncertainties
and factors include, but are not limited to, changes in energy prices,
availability of capital, and the Company's ability to access capital on
acceptable terms or any terms at all, changes and delays in project
development plans and schedules, customer and partner acceptance of new
projects, changes in input pricing, competing alternative energy
technologies, government policies and general economic conditions. These
risks are generally outlined in the Company's disclosure filings with the
Securities and Exchange Commission.