The firm says it will sell renewable power to the grid
at 11 cents per kilowatt hour, or more, for up to 20 years. Fuel for the plant is derived from wood residues from Erie Flooring and Wood Products that are converted to BioOil through Dynamotive's patented fast pyrolysis process.
Dynamotive also claims, the plant is the first commercial plant of its kind in the world.
The idea is to heat the residues up so that they produce an oil which can be burnt.