CYX Calyx Ventures Inc

Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) is pleased to announce that
Resonance(R) energy feedstock provided by Calyx subsidiary Agrisoma Biosciences,
was found to be the most similar to petroleum-derived fuels as compared to other
renewable fuels tested in a recent study conducted by the Coordinating Research
Council (CRC), a non-profit organization that encourages, promotes and studies
various fuels through scientific research.


The study, Advanced Alternative and Renewable Diesel Fuels: Detailed
Characterization of Physical and Chemical Properties, confirmed that
ReadiDiesel(R), made from Agrisoma's Resonance(TM) energy cairnata feedstock,
"looked more like the petroleum-derived fuels than the other renewable fuels..."
The study compared the results of detailed analyses of the physical and chemical
properties of 10 advanced alternative and renewable diesel fuels and four
commercial ultra low sulfur diesels. 


A key objective of the blind study was to identify the similarities and
differences of alternative and renewable fuels as compared to conventional
petroleum derived diesel fuels. Samples were obtained from select manufacturers
who produced diesel on a relatively large scale (from pilot to commercial scale)
and agreed to participate in the study. 


Highlights of the report include:



--  Referring to RD3 (ReadiDiesel): "...looked more like the petroleum-
    derived fuels than the other renewable fuels..." Page xviii, Executive
    Summary. 
    
--  ReadiDiesel was the only fuel tested that had the same level of
    aromatics as petroleum-based diesel fuel, the main reason most
    alternative fuels require blending with petroleum. 



ReadiDiesel, made by Applied Research Associates (ARA) and Chevron Lummus Global
from Agrisoma Resonance(R) energy feedstock, is referred to as "RD3" in the
report the report.


"The CRC report provides a broad view and comprehensive analysis of the slate of
alternative and renewable diesel fuels at or near commercial scale. Our
ReadiDiesel, made from Agrisoma's Resonance energy feedstock, clearly stands
out, meeting D975 specs without blending and having a molecular makeup that is
almost indistinguishable from the ultra low sulfur diesels tested in the
program," said Ed Coppola, ARA Fuels Technical Lead.


"The fact that ReadiDiesel has a density equivalent to petroleum diesels is
significant from an operational perspective as it equates to extra miles per
gallon for a diesel fleet," said Chuck Red, ARA's Vice President, Fuels
Development.


"The CRC study is one more confirmation that Resonance(R) carinata can be used
as a feedstock for fuels that are complete petroleum substitutes, resulting in
substantially reduced carbon and other harmful emissions without compromising
performance," said Hugh Notman, president and CEO of Calyx. "This further
supports our efforts to become a leading non-food source of biofuels that can be
utilized seamlessly in petroleum-fuel powered engines, whether they be in
planes, ground transportation or other applications."


Access to the full CRC Report visit
http://www.crcao.org/reports/recentstudies2013/AVFL-19-2/CRC%20Project%20AVFL-19-2%20Final%20Report.pdf.


The AVFL-19 Working Group (of the CRC) is comprised of representatives from
energy companies, U.S. national labs, and a Canadian national lab. The time and
testing expenses of the authors were largely funded by their respective
organizations. Members of the U.S. Department of Energy National Laboratories
used funding from their budgets provided by U.S. DOE Vehicle Technologies
Program. Members of National Resources Canada and Canmet ENERGY used funding
from their budgets provided by the Government of Canada's interdepartmental
Program of Energy Research and Development, PERD 113 Petroleum Conversion for
Cleaner Air.


About Calyx 

Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) is an agricultural technology company
focused on renewable fuels including biojet and biodiesel. Calyx's operating
subsidiary, Agrisoma Biosciences Inc., is producing a new proprietary non-food
energy feedstock crop, Resonance(R) carinata, which yields oil that can be
refined into fuels that work in existing engines as a 100 percent petroleum
substitute. From seed to sky, fuels produced from Resonance(R) carinata
substantially reduce carbon and other harmful emissions, and help to reduce
global petroleum dependence. For further information about Calyx, please visit
www.calyxbio.com. Resonance(R) is a registered trademark of Agrisoma Biosciences
Inc.


Forward-Looking Statements: This document contains certain forward-looking
statements concerning Calyx and/or Agrisoma, as well as other expectations,
plans, goals, objectives, information or statements about future events,
conditions, results of operations or performance that may constitute
"forward-looking statements" or "forward-looking information" under applicable
securities legislation. Such statements or information involve substantial known
and unknown risks and uncertainties, certain of which are beyond Calyx's and/or
Agrisoma's control, including general business, economic, competitive, political
and social uncertainties; the delay or failure to receive regulatory approvals,
the characteristics and viability for bio-fuel development, the willingness of
third parties to conclude agreements with Calyx and/or Agrisoma on terms that
are acceptable to management of Calyx and/or Agrisoma, and the ability of Calyx
and/or Agrisoma to secure sufficient future funding to carry out all of its
business plans.


Such forward-looking statements or information are based on a number of
assumptions, which may prove to be incorrect. In addition to other assumptions
identified in this news release, assumptions have been made regarding, among
other things, commodity prices, operating conditions, capital and other
expenditures, and project development activities.


Although Calyx and/or Agrisoma believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue reliance should
not be placed on forward-looking statements because Calyx and/or Agrisoma can
give no assurance that such expectations will prove to be correct.
Forward-looking statements or information are based on current expectations,
estimates and projections that involve a number of risks and uncertainties which
could cause actual results to differ materially from those anticipated by Calyx
and/or Agrisoma and described in the forward-looking statements or information.


The forward-looking statements or information contained in this news release are
made as of the date hereof and Calyx and/or Agrisoma undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise unless so required by
applicable securities laws or the TSX Venture Exchange. The forward-looking
statements or information contained in this news release are expressly qualified
by this cautionary statement.


This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Calyx Bio-Ventures Inc.
W. Hugh Notman
President & CEO
604-689-2495
hnotman@calyxbio.com


Investor Relations:
Calyx Bio-Ventures Inc.
Keir Reynolds
778-998-9242
kreynolds@calyxbio.com
www.calyxbio.com

Calyx Ventures (TSXV:CYX)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Calyx Ventures (TSXV:CYX)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024