DynaMotive Announces Completion of Successful Industrial Tests on Char by Leading US Briquette Manufacturer

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DynaMotive Announces Completion of Successful Industrial Tests on Char by Leading US Briquette Manufacturer

CANADA, BRITISH COLUMBIA, VANCOUVER, Dec. 11 -/E-Wire/-- DynaMotive Energy Systems Corporation (OTCBB: DYMTF) announced today that 20 tons of char, produced at its Vancouver plant, have been successfully tested at industrial scale and the prototype briquettes showed excellent results, meeting or exceeding all quality standards. The test followed bench scale trials that took place in the second quarter of 2001.

The char's low moisture content, high calorific value and uniform grain characteristics have proven to be a reliable and economical feedstock for this application. DynaMotive will now enter into discussions with the manufacturer for a long-term supply agreement, utilizing char from plants to be built in Canada and the US.

The development of commercial applications for char has followed the same validation process undertaken by the Company in its primary product BioOil. Char is an important co-product of the Company's patented pyrolysis process, representing between 15% and 20% of the plant output by weight. As a consequence, char has a substantial impact on the economic return of the process. A typical 200-tpd pyrolysis plant would produce approximately 13,000 tons of char per annum, with an estimated market value of US $1,000,000 and produce BioOil equal to 140,000 barrels of crude oil equivalent, with an estimated market value of $2,700,000.

DynaMotive is an energy systems company that is focused in the development of innovative energy solutions based on its patented pyrolysis system. Through the application of its technology and know how, the Company intends to tap into abundant organic resources that are generally discarded by the agricultural and forest industries at a cost, and convert them into a renewable and environmentally friendly fuel. Examples include forestry residues, wood bark agricultural residues such as sugar cane bagasse. The Company has successfully converted each of these residues into BioOil and char making them a renewable and environmentally friendly oil and char reserve that is available worldwide.

To provide competitively priced renewable energy solutions, the Company has entered into cooperation agreements with leading engineering and turbine manufacturing firms. Through these agreements, the Company has gained the capacity to provide innovative integrated Waste-to-Power and Heat solutions to residue intensive industries, remote from electricity grid locations and economies that are heavily reliant on fuel imports. The Company plans to start construction of its first integrated power project in 2002 and expects to generate its first revenues from power in 2003.

Forward Looking Statement Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, 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" as that term is defined under the Federal Securities Laws.

Forward-looking statements are 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 and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission.

DynaMotive Energy Systems Corporation

http://www.dynamotive.com

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