Axial Vector Energy palm oil engine test a success

Portland, U.S.-based internal combustion engine developer Axial Vector Energy Corp. (AVEC) announced on June 15 a successful performance demonstration of one of its engines running on palm oil. The demonstration, the company said, was a required milestone in its licensing agreement with Malaysian oil industry solutions provider Premier Group and should lead to further milestone payments from Premier to AVEC as per the companies’ agreement. The demonstration, AVEC said, proved a greater capability for palm oil producing nations to generate power using a very inexpensive native alternative to imported conventional fuels. It was also useful for showing that certain biofuel feedstocks such as palm oil can be used to produce significantly less CO2 emissions in AVEC engines than conventional fossil fuels in low emission conventional engines. According to Sanjai Chhaunker, AVEC’s president and chief executive, the successful demonstration allows the company to proceed with licensing and market awareness programs presenting the value of AVEC’s products to the world. (July 15, 2009)