IFP (Rueil-Malmaison, France; www.ifp.fr) and Dynamotive Energy Systems Corp. (Vancouver, Canada; www.dynamotive.com) have signed a Memorandum of Understanding to cooperate in the field of pyrolysis oil upgrading with the aim to produce second-generation Biofuels.
Pyrolysis oils present several challenges to overcome as they are typically high in water, solids and acids and do not meet the specifications of fossil fuels. Dynamotive R&D venture with Dr. Radlein have started the development of a unique process that was demonstrated at the company’s research laboratory to upgrade pyrolysis oil, which could potentially overcome these challenges and could provide an economically viable process to upgrade BioOils to synthetic hydrocarbons. The company recognizes that the development of synthetic fuels requires specific expertise which IFP has in this field.
The memorandum establishes progress milestones through 2010. Subject to satisfactory completion of the milestones the companies may enter into definitive agreements thereafter.