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 Hartcher, MP.
(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.
http://algaetec.com.au/news-room/image-gallery/media/image-gallery/shoalhaven-one-launch/
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 validation process.
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.
Media contact:
DMG PR
TEAM@DMGPR.COM
Australia +61-2-8006-0424
USA +1-650-798-5238
SOURCE Algae.Tec
