PERTH, Australia and
ATLANTA, June 4, 2012 /PRNewswire-Asia/ -- Algae.Tec
(ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels
company with a high-yield, enclosed and scaleable algae growth and
harvesting system today announced the appointment of Colin McGregor as General Manager Project
Operations.
McGregor, an award winning project manager and manufacturing
engineer, with over 20 years aviation experience in both the
defense and commercial sectors, recently heading up a Fuel
Efficiency Program for a major international carrier.
McGregor is a multiple award recipient from the Australian
Institute of Project Management.
Algae.Tec Executive Chairman Roger
Stroud said Algae.Tec was extremely pleased to have McGregor
on board.
"His project engineering, fuel and biofuels experience plus his
aviation background means he is the right person to roll out our
global projects," said Stroud.
"Algae.Tec is focused on the large-scale production of transport
biofuels, and McGregor will bring deep knowledge and experience in
delivering for this sector."
McGregor said he chose Algae.Tec among the many biofuels
offerings because it has a truly commercial, scalable and viable
technology process.
"I have looked at many biofuels companies around the world and
Algae.Tec keeps coming up as a leader in this space."
Algae.Tec has biofuel projects underway with Lufthansa, Holcim
Lanka, a joint venture in China, a
showcase facility in Australia and
a manufacturing base in Atlanta,
Georgia (USA).
Stroud has just returned from Brazil where he met with Government and fuel
industry leaders about the opportunities for Algae.Tec in this fast
growing region.
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 and Storage (CCS).
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.
Media contact:
DMG PR
Susan Fitzpatrick-Napier or
Amy Richardson
TEAM@DMGPR.COM
Australia +61 2 8006 0424
USA +1 650 798 5238
SOURCE Algae.Tec
