FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR May 24, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(Exact name of Registrant as specified in its charter)
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Suite 230-1700 West 75th Avenue
Vancouver, BC
Canada V6P 6G2
(604) 267-6000
(Address of principal executive offices)
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[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
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[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
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[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
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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
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May 23, 2007
Item 3 News Release
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Issued May 23, 2007 and disseminated via Business Wire.
Item 4 Summary of Material Change
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VANCOUVER, CANADA, May 23, 2007 - Dynamotive Energy Systems Corporation
(OTCBB: DYMTF), announced it completed the initial production run of
BioOil(R) in its new generation plant in Guelph, Ontario, Canada.
Intermediate grade BioOil(R), which has higher calorific value than
regular BioOil(R), was produced. The run is the first of a number of test
runs planned that are designed to take the plant to full production in
accordance with the commissioning plan underway. Approximately 40 cubic
meters of wood were processed. The first run was at the equivalent daily
rate of 50 tonnes of feedstock processed and the second at a rate of 100
tonnes. Dynamotive and Tecna's engineers are currently reviewing
operational data and testing is being conducted on the fuel produced.
Data will be posted on Dynamotive's website www.dynamotive.com as it
becomes available.
Item 5 Full Description of Material Change
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5.1 Full Description of Material Change
VANCOUVER, CANADA, May 23, 2007 - Dynamotive Energy Systems Corporation
(OTCBB: DYMTF), announced it completed the initial production run of
BioOil(R) in its new generation plant in Guelph, Ontario, Canada.
Intermediate grade BioOil(R), which has higher calorific value than
regular BioOil(R), was produced. The run is the first of a number of test
runs planned that are designed to take the plant to full production in
accordance with the commissioning plan underway.
Approximately 40 cubic meters of wood were processed. The first run was
at the equivalent daily rate of 50 tonnes of feedstock processed and the
second at a rate of 100 tonnes. Dynamotive and Tecna's engineers are
currently reviewing operational data and testing is being conducted on
the fuel produced. Data will be posted on Dynamotive's website
www.dynamotive.com as it becomes available.
Dynamotive plans to market this renewable fuel with the name 'BioOil
Plus' as a green and cost competitive alternative to heating oil, fuel
oil, natural gas and propane in industry. Industrial fuels represent
approximately 20% of hydrocarbon use worldwide.
Further, Dynamotive demonstrated in earlier tests that BioOil Plus can
be used as an input to Biomass to Liquid Processes (BTL) as a cost
effective means of delivering biomass energy to these plants and in
doing so break down cost and logistic barriers to the production of
mobile fuels from biomass. Specification on BioOil Plus and industrial
application information for the fuel are available at the company's
website.
"Cellulose-based fuels present the next frontier in sustainability and
Dynamotive's pioneering position in advanced generation biofuels is
further enhanced through the achievement of this new milestone.
Dynamotive believes that BioOil presents a third alternative liquid fuel
to coexist with ethanol and biodiesel," said Dynamotive's President and
CEO Andrew Kingston. "By being able to exploit any cellulose raw
materials, e.g. forest industry residues, bark, biomass from fields I
believe we can become a great contributor to the energy mix and
accelerate the adoption of cellulose based fuels."
Recently, at a renewable energy conference in Buenos Aires, Argentina,
Kingston announced that the company reached an agreement in principle
with the Provincial Government of Corrientes, in northeast Argentina,
for Dynamotive, its affiliate, local and international partners to
develop, subject to financing and other conditions, six similar plants
in that country at a total estimated cost of US $120 million.
Dynamotive has its other plant in West Lorne, Ontario, located midway
between Toronto and Detroit, Michigan now undergoing an upgrading of its
systems; information on this plant operations and the status of the
current upgrade can also be followed in the company's website.
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
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Not applicable
Item 7 Omitted Information
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Not applicable
Item 8 Executive Officer
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Contact: Andrew Kingston, President & CEO
Telephone: (604) 267-6013
Item 9 Date of Report
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May 23, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(signed) "Andrew Kinston"
Andrew Kingston
President & CEO
DYNAMOTIVE ENERGY SYSTEMS CORPORATION News Release: May 23, 2007
DYNAMOTIVE ANNOUNCES BIOOIL(R) PRODUCTION AT GUELPH PLANT
CELLULOSE BASED BIOOIL AIMED AT INDUSTRIAL FUELS MARKET
And INPUT TO BTL PLANTS
VANCOUVER, CANADA, May 23, 2007 - Dynamotive Energy Systems Corporation
(OTCBB: DYMTF), announced it completed the initial production run of BioOil
(R) in its new generation plant in Guelph, Ontario, Canada. Intermediate
grade BioOil(R), which has higher calorific value than regular BioOil(R),
was produced. The run is the first of a number of test runs planned that are
designed to take the plant to full production in accordance with the
commissioning plan underway.
Approximately 40 cubic meters of wood were processed. The first run was at the
equivalent daily rate of 50 tonnes of feedstock processed and the second at a
rate of 100 tonnes. Dynamotive and Tecna's engineers are currently reviewing
operational data and testing is being conducted on the fuel produced. Data
will be posted on Dynamotive's website www.dynamotive.com as it becomes
available.
Dynamotive plans to market this renewable fuel with the name 'BioOil Plus' as
a green and cost competitive alternative to heating oil, fuel oil, natural gas
and propane in industry. Industrial fuels represent approximately 20% of
hydrocarbon use worldwide.
Further, Dynamotive demonstrated in earlier tests that BioOil Plus can be used
as an input to Biomass to Liquid Processes (BTL) as a cost effective means of
delivering biomass energy to these plants and in doing so break down cost and
logistic barriers to the production of mobile fuels from biomass.
Specification on BioOil Plus and industrial application information for the
fuel are available at the company's website.
"Cellulose-based fuels present the next frontier in sustainability and
Dynamotive's pioneering position in advanced generation biofuels is further
enhanced through the achievement of this new milestone. Dynamotive believes
that BioOil presents a third alternative liquid fuel to coexist with ethanol
and biodiesel," said Dynamotive's President and CEO Andrew Kingston. "By being
able to exploit any cellulose raw materials, e.g. forest industry residues,
bark, biomass from fields I believe we can become a great contributor to the
energy mix and accelerate the adoption of cellulose based fuels."
Recently, at a renewable energy conference in Buenos Aires, Argentina,
Kingston announced that the company reached an agreement in principle with the
Provincial Government of Corrientes, in northeast Argentina, for Dynamotive,
its affiliate, local and international partners to develop, subject to
financing and other conditions, six similar plants in that country at a total
estimated cost of US $120 million.
Dynamotive has its other plant in West Lorne, Ontario, located midway between
Toronto and Detroit, Michigan now undergoing an upgrading of its systems;
information on this plant operations and the status of the current upgrade can
also be followed in the company's website.
About BioOil(R)
BioOil(R) is an industrial fuel produced from cellulose waste material.
When combusted it produces substantially less smog-precursor nitrogen oxides
('NOx') emissions than conventional oil as well as little or no sulfur oxide
gases ('SOx'), which are a prime cause of acid rain. BioOil(R) and BioOil
Plus are price-competitive replacements for heating oils #2 and #6 that are
widely used in industrial boilers and furnaces. They have been EcoLogo
certified, having met stringent environmental criteria for industrial fuels as
measured by Environment Canada's Environmental Choice Program. BioOil(R)
can be produced from a variety of residue cellulosic biomass resources and is
not dependent on food-crop production.
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-free conditions to turn dry, waste cellulosic biomass
into BioOil(R) for power and heat generation. BioOil(R) can be further
converted into vehicle fuels and chemicals. The final stages of the
commissioning process at the Guelph plant and the reconstruction of the West
Lorne plant may be seen by viewing photographs regularly posted on the
company's website at 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
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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.