Ensyn Corporation

Ensyn Corporation

October 08, 2014 11:33 ET

Ensyn and Valley Regional Hospital, New Hampshire Sign RFO™ Biofuel Supply Agreement

CLAREMONT, NEW HAMPSHIRE--(Marketwired - Oct. 8, 2014) - Ensyn Fuels, a wholly-owned subsidiary of Ensyn Corporation ("Ensyn"), has signed a contract with Valley Regional Hospital in Claremont, New Hampshire, ("Valley Regional") for the supply of RFO™, Ensyn's advanced cellulosic biofuel. Ensyn Fuels will provide the hospital with approximately 250,000 gallons/year of RFO for a renewable term of seven years, commencing deliveries by April 2015. This contract will allow Valley Regional to convert its entire heating requirements from petroleum fuels to Ensyn's renewable fuel, lowering the hospital's greenhouse gases from heating fuels by approximately 85% and reducing the hospital's operating cost.

Ensyn's RFO™ is a liquid fuel produced from non-food solid biomass including forest and mill residues. RFO™, essentially "liquid wood," directly displaces petroleum fuels in heating operations and is also a renewable feedstock for refineries for the production of gasoline and diesel.

Initial deliveries of RFO™ will be sourced from Ensyn's production facility in Ontario. This plant has been qualified by the US Environmental Protection Agency (EPA) under the US Renewable Fuel Standards (RFS2) program. Ensyn expects that sales of RFO from this facility to Valley Regional will qualify for Renewable Identification Numbers (RINs) under the RFS2 program, enhancing contract economics.

The contract with Valley Regional is the second long term supply contract Ensyn Fuels has signed committing RFO from Ensyn's expanding production capacity and also the second supply contract to be signed with a hospital.

Ensyn companies have been operating commercially for over 25 years and their RTP® technology has produced over 37 million gallons of fuels and chemicals from wood residues. While commercial production to-date has been focused on heating fuels and chemicals for the food industry, Ensyn is now expanding production to serve a broader base of biofuel clients and applications.

"We welcome Valley Regional as an important early adopter for our growing heating fuels business," said Dr Robert Graham, Ensyn's Chairman and CEO. "We look forward to initiating deliveries during this coming winter season and providing Valley Regional with clean burning cellulosic biofuels for at least the next seven years."

"Valley Regional is proud to adopt Ensyn's RFO biofuel for our heating needs at the hospital," said Peter J. Wright, President & Chief Executive Officer of Valley Regional Hospital. "We are happy to partner with Ensyn in exerting leadership to do what's right for the environment and our community."

About Valley Regional Hospital

Established in 1893, Valley Regional Hospital is a non-profit Critical Access Hospital located in Claremont, New Hampshire, and serving the greater Sullivan County region, which also includes a portion of eastern Vermont. The parent corporation, Valley Regional Healthcare also includes the Connecticut Valley Home Care & Hospice program, plus primary care and several of the most needed specialty care clinics in Claremont and Newport New Hampshire. Located just 25 miles from Dartmouth-Hitchcock Medical Center (New Hampshire's only academic medical center), Valley Regional's patients and providers enjoy unparalleled access to a Level I Trauma Center and the services of dozens of world-class specialists.

About Ensyn Corporation

Ensyn is a producer of advanced cellulosic biofuels and is increasing production capacity of RFO, its principal biofuel product, to meet demand. RFO is a renewable heating fuel and is also a refinery feedstock for the production of transportation fuels. Ensyn is expanding capacity at its existing facility in Renfrew, Ontario, and is developing projects in the U.S. and Brazil. Ensyn's RTP® technology has produced over 37 million gallons of RFO since 1989, dedicated primarily to chemicals and heating fuels; Ensyn is now increasing production in conjunction with key strategic relationships including UOP, a Honeywell company; Chevron Technology Ventures; Fibria Celulose (Brazil), and Felda Palm Industries (Malaysia).

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