29 July 2011- Pursuit Dynamics PLC - ("PDX" or "the Company")
Agricultural Waste to Energy trial announced with Future Biogas
(We could not find a video by Future Biomass so we have included a video on food waste recycling in Somerset, UK.)
PDX (AIM:PDX) is pleased to announce that it has entered into an agreement with Future Biogas Ltd ("Future Biogas"), a UK-based company that uses established German anaerobic digestion technology to produce renewable fuels from agricultural waste. The agreement comprises a commercial evaluation of the PDX waste to energy system for Future Biogas's Norwich plant, a fully operational facility, and is scheduled to commence in September 2011. A commercial decision is expected to be made by the end of November. This evaluation will also reinforce the performance baseline that PDX has demonstrated at Cranfield.
Anaerobic digestion is a series of processes that cause microorganisms to break down biodegradable material in the absence of oxygen and which are used for industrial or domestic purposes to manage waste and/or release energy.
Agricultural digestate produced by Future Biogas will be treated by the PDX system and put into batch anaerobic digestion. The evaluation will last for a period of 60 days and, subject to operation performance verification, Future Biogas can enter into a commercial installation agreement with PDX. The PDX business model for this industry is based on a revenue sharing model.
This is the second field trial that PDX is undertaking in the waste to energy sector over the next few months, following the trial with Thames Water announced on 13 July 2011. These trials are on track to commence mid-august at the Thames
facilities. The company is seeing immense interest in its waste to energy work and expects more trials to be announced shortly. These trials cover municipal sewage, agricultural waste and food / industrial waste.
Commenting on the announcement, Managing Director of Future Biogas, Philipp Lukas said:
"We look forward to working with PDX to bring the benefits of their technology to the biogas sector. The PDX unit could potentially improve various aspects of the biogas process and we are excited by the simplicity of the system's design and implementation".
Commenting on the announcement, PDX CEO, Roel Pieper, said:
"The waste to energy market is significant in size and is growing rapidly with over 5,900 biogas plants in Germany alone, a twenty-fold increase in the last ten years. PDX's technology is clearly differentiated from other solutions in this sector and so we are very well placed to capitalise on the demand from producers to reduce costs and maximise output".
For Further Information, please contact:
Pursuit Dynamics PLC Roel Pieper, CEO Tel: +44 (0)1480 422050 Richard Webster, CFO Financial Dynamics Marc Cohen Tel: +44 (0) 20 7831 3113 Cenkos Securities Ian Soanes Tel: +44 (0)20 7397 8924 Max Hartley Mirabaud Securities Rory Scott Tel: +44 (0) 20 7878 3360
Notes to Editors:
- 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 five Lines of Business -
Biofuels; Brewing; Food and Beverages; Public Health and Decontamination;
Industrial Licensing; and Water.
- PDX is headquartered in Huntingdon with an office in London, Schaffhausen, Denver and Connecticut.
- Further information is available at the Company's website: www.pdx.biz
- Publication quality photographs are available from FD.
About Anaerobic digestion
- Anaerobic digesters provide a variety of environmental and public health benefits including: greenhouse gas abatement, organic waste reduction, odor reduction, and pathogen destruction. They are carbon-neutral systems that produce biogas that can be used for heating, generating electricity, mechanical energy, or for supplementing the natural gas supply.
- Anaerobic digesters are used to convert agricultural, industrial, and municipal wastes into biogases that can be upgraded to 97% pure methane as a natural gas substitute or to generate electricity.
- Currently, there over 5,900 biogas plants in Germany with an installed capacity of approximately 2,300 MW. This is 20 times the capacity of 2001. Austria has 551 plants.(1)
- Electricity generation from biogas in 2010 was about 12.8 billion kWh, representing approximately 2.1% of the total electricity consumption in Germany, or approximately 12.6% of the electricity supply from renewable energy sources(2) .
- In 2011, 167 anaerobic digesters generated 478 million kWh of energy in the United States in agricultural operations.(3)
- In developing countries, small-scale anaerobic digesters are used to meet the heating and cooking needs of individual rural communities. China has an estimated 8 million anaerobic digesters while Nepal has 50,000.(4)
2 IEA Bioenergy Task 37. Country Reports of Member Countries, Istanbul, April 2011. International Energy Agency. Accessed June 3, 2011.
3 The Agstar Program. U.S. Farm Anaerobic Digestion Systems: A 2010 Snapshot. U.S. EPA. U.S. EPA. Accessed June 2, 2011.
4 IEA Bioenergy. Biogas Production and Utilisation. International Energy Agency. May 2005. Accessed June 3, 2011.