Algae.Tec Announces Commissioning of Advanced Algae to Biofuels Facility
SYDNEY, Aug. 2, 2012
SYDNEY, Aug. 2, 2012 /PRNewswire-Asia/ -- The Algae.Tec advanced engineered
algae to biofuels facility Shoalhaven One was officially opened today by the
New South Wales Minister for Resources and Energy the Honourable Chris
(Photo: http://photos.prnewswire.com/prnh/20120802/HK51040 )
A VIP crowd including executives from the University of Wollongong, the
Manildra Group, the renewable energy investment community, shareholders and
coal and biofuels association representatives attended the official ceremony
at Nowra, south of Sydney.
Algae.Tec (ASX: AEB, FWB: GZA:GR, OTCQX: ALGXY) is an advanced algae to
biofuels company with a high-yield, enclosed and scalable algae growth and
harvesting system. The showcase facility is connected into the Manildra Group
waste carbon dioxide, which is used in the algae growth process.
To officially commission the facility, Minister Hartcher activated the hi-tech
lighting system that delivers the Algae.Tec super yield capabilities.
More images available at www.algaetec.com.au under News/Image Gallery.
Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and
Australia energy security at a time when traditional fossil fuel companies are
leaving the local market.
"Algae.Tec offers the promise of home grown transport fuels (aviation and
diesel), which is the number one energy security priority for countries like
the USA and increasingly Australia."
Algae.Tec announced that leading inspection, verification, testing and
certification services company SGS will now undertake the third party yield
Algae.Tec has recently recruited biofuels and aviation fuels specialist
engineer Colin McGregor as General Manager Project Operations.
Algae.Tec also has projects with Holcim Lanka, joint venture discussions in
China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also
in talks with relevant firms in NSW, Brazil and the United States.
About Algae.Tec www.algaetec.com.au
Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from
algae company that has developed a high-yield enclosed algae growth and
harvesting system, the McConchie-Stroud System. The Company has offices in
Atlanta, Georgia and Perth, Western Australia.
The Algae.Tec enclosed modular engineered technology is designed to grow
non-GMO algae on an industrial scale, and produce biofuels that replace
predominantly imported fossil fuels.
The technology has demonstrated exceptional performance in productivity,
product yield, carbon dioxide sequestration, and production unit footprint
requirements versus agricultural crops and other competitive algae processes
in the industry.
Algae.Tec offers a profitable solution for carbon emitting companies and
industries seeking carbon dioxide reduction technologies. The algae growth
system is an alternative to Carbon Capture.
The Algae.Tec solution is less than one tenth the land footprint of pond
growth options, while its enclosed module system is designed to deliver the
highest yield of algae per hectare, and solves the problem of food-producing
land being turned over for biofuel production.
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