Shares digital

The developer of a revolutionary liquid reaction technology, Pursuit Dynamics (PDX:AIM), is making headway in the bio-ethanol industry, as it has singed an agreement with American firm Pacific Ethanol (PEIX:NASDAQ) to install a full-scale production version of its ethanol reactor tower at the company’s plant in Oregon.

Pursuit first targeted the food industry with its steam reaction technology, but then applied it to bioethanol processes, achieving a 14% increase in bioethanol yield, saving energy for producers. Pursuit’s shares are back around the 310p mark after falling more than 60% to just over 140p in December.

Shares says: The enthusiasm about the technology needs yet to be fully reflected in earnings.

by: Carlo Svaluto