http://biz.yahoo.com/cnw/010524/magellan_biofuel_pack_2.html Yahoo - Thursday May 24, 4:00 pm Eastern Time Press Release
SOURCE: Magellan Aerospace Corporation Magellan Announces First Biofuel Power Generation Package TORONTO, May 24 /CNW/ - Magellan Aerospace Corporation announced today that its Orenda Turbines operating unit has entered a formal collaboration agreement to supply a power generation unit with a turbine modified to run on biofuel. The 2.5-megawatt gas turbine generator package, known as the OGT 2500, will be installed in the United Kingdom in cooperation with Border Biofuels Limited and DynaMotive Technologies Limited. The biofuel will be made entirely from organic forestry waste using a process called pyrolysis, developed by DynaMotive. The unit will reach operational status in mid-2002. This program is the inaugural commercial application for this technology, and will qualify Magellan for an ongoing project that could result in orders for an additional 15 to 20 units. In order to demonstrate an integrated biofuel, pyrolysis and energy conversion plant, the UK project received a pnds stlg 1.15 million grant from the British Government, Department of Trade and Industry, to fund commercial testing prior to entry into full commercial service. UK Energy Minister, Peter Hain, said, "Biomass is a key source of renewable energy and will be very important if we are to achieve our target of securing 10% of our electricity from renewable sources by 2010." Biofuel is a clean-burning fuel that can be produced from a variety of biomass waste, including sawdust and sugarcane bagasse. Magellan has installed a full-scale development model of the OGT 2500 in its Orenda facility, and is currently using the electrical power generated to power the factory. The installed unit is running on natural gas, an option where biofuel is not readily available. Magellan Aerospace Corporation is one of the world's most integrated and comprehensive aerospace industry suppliers. Magellan designs, engineers, and manufactures aeroengine and aerostructure components for aerospace markets, advanced products for military and space markets, and complementary specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (MAL), with operating units throughout the United States and Canada. For further information William A. Matthews, Vice President Marketing, (905) 677-1889, www.magellanaerospace.com Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Please do NOT send "unsubscribe" messages to the list address. To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
