Axens, IFP Energies nouvelles (IFPEn) and Dynamotive recently announced completion of agreements for the development, industrialization and commercialization of a proprietary process to produce transportation fuels from Dynamotive's BioOil pyrolysis oil. The process is said to have competitive advantages compared to existing processes and competing technologies. Dynamotive will provide pyrolysis oil to IFPEn for the development program, while Axens will lead the development, industrialization and commercialization of the upgrading technology. Laboratory-scale units have been developed and operated in Canada and at IFPEn facilities in Lyon, France, where Dynamotive's BioOil was upgraded to synthetic hydrocarbons.
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