January 7, 2008
Vancouver, BC, Canada
Dynamotive Appoints David B. McMillan as President, Dynamotive USA
Dynamotive Energy Systems Corporation (OTCBB:DYMTF), a leader in biomass-to-liquid-fuel technology, today announced the appointment of David B. McMillan as President, Dynamotive USA. Mr. McMillan will be responsible for the development and implementation of the company's business plan for the U.S. market, reporting directly to Andrew Kingston, Dynamotive USA Chief Executive Officer and Dynamotive Energy System Corp. President & CEO.
Mr. McMillan earned a B.S. degree in chemical engineering from Texas A&M University in 1979, and comes from Eastman Chemical Company after a 28 year career. Mr. McMillan has a strong background in profit and loss management, strategic planning, and operations. He also led a major business development initiative in the late 1990's that successfully established a new $200 million chemical manufacturing complex in Southeast Asia. In 1999, he assumed global responsibility for an $800 million business segment within Eastman, leading the development and execution of strategies that resulted in a major improvement in corporate performance.
Andrew Kingston commented, "David McMillan brings to Dynamotive USA an enormous breadth of experience and expertise. His unique qualifications will greatly enhance the company's ability to establish itself as a major force in the U.S. market." He added, "David has a proven track record of success spanning three decades. We are fortunate to welcome him as a member of our corporate leadership team. In the past year, Dynamotive has expanded its senior management team attracting high caliber individuals to its international and corporate operations. Mr. McMillan joins Mr. Raul Parisi who is responsible for corporate development in Argentina and Latin America and, most recently, Mr. Tom Bouchard who joined Dynamotive as corporate Chief Operating Officer. We are delighted to have added this expertise."
About BioOil® Biofuel
BioOil® 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
® 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 awarded the coveted EcoLogo in Canada, meaning that they are certified, as meeting the stringent environmental criteria for industrial fuels as measured by Environment Canada
’s Environmental Choice Program. BioOil
® 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 and greenhouse-gas-neutral fast pyrolysis technology uses medium temperatures and oxygen-free conditions to turn dry, waste cellulosic biomass into BioOil
® for power and heat generation. BioOil
® can be further converted into vehicle fuels and chemicals. For further information, please visit the company
’s website at
www.dynamotive.com.
Contacts:
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
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