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Eco Investor – Algae.Tec Picks Demonstration

Algae energy start-up and current IPO candidate Algae.Tec Ltd has selected the site for a demonstration plant that can be expanded into its first commercial plant in Australia, and has also signed a commitment to deploy its technology in China. A memorandum of understanding (MOU) with Australian ethanol producer Manildra’s starch and ethanol production facility at Nowra in NSW.

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WebVNR – Why Invest: Q & A with Roger Stroud, Executive Chairman of Algae.Tec

Ticker Magazine – Perth-based Algae Tech Ltd said it is poised to list on the Australian Securities Exchange

Perth-based Algae Tech Ltd said it is poised to list on the Australian Securities Exchange after inking two non-binding deals to deploy technology that can be used to generate biofuels from algae in Australia as well as in China. The company is currently in the midst of an initial public offering of 37.5 million shares at a price of 20 cents each slated to close on September 17. The shares are expected to be listed on the ASX at the end of this month. The company holds the exclusive global rights to the McConchie-Stroud Algae growth and harvesting system, which can produce products such as Algal oil and biomass that can be used to generate biofuels.

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South Coast Register – Algae may one day fuel the car

SHOALHAVEN looks set to host a world first commercial algae operation utilising waste from Bomaderry’s Manildra plant. West Australian company Algae.Tec has plans to build a demonstration plant beside Manildra, and have it operating by the middle of next year, before expanding into a full commercial operation in 2012.

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The Sydney Morning Herald – Biofuels-from-algae firm to list soon

Algae Tec Ltd says it is poised to list on the Australian Securities Exchange (ASX) and has inked two non-binding deals to deploy technology that can be used to generate biofuels from algae here and in China.

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afr.com – Biofuels-from-algae firm to list soon

Algae Tec Ltd says it is poised to list on the Australian Securities Exchange and has inked tow non-binding deals to deploy technology that can be used to generate biofuels from algae here and in China.

The company is currently in the midst of an initial public offer of 37.5 million shares at a price of 20 cents each to raise $7.5 million, which is slated to close on September 17 and is expected to be followed by an ASX listing at the end of this month.

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ABC – The ABC Illawarra interview

An algae company has struck an agreement with the Manildra starches plant to trial a new system generating several types of bio fuel. Algae.Tec reckons the technology will quickly grow algae using carbon dioxide emissions from the Bomaderry plant’s fermenters.

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EcoSeed – Algae.Tec signs agreements and launches I.P.O. on algae technology

Algae.Tec Limited announced two memorandums of understanding on the deployment of its McConchie-Stroud algae growth and harvesting system in China and Australia. The company also undertook an initial public offering for its system, which produces algal products such as algal oil and biomass that can be used to generate biofuels.

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ICIS – ICIS: Green Chemicals – Australian Algae MOUs

Algae.Tec Limited announced MOUs in China and Australia to deploy its McConchie-Stroud System that efficiently produces algal oil and biomass. The MOU with Hong Kong company Pacific Minerals Limited and Australian company RKD International Pty Ltd will establish a Chinese joint venture, while the deal with Australian ethanol producer Manildra Group will see several photo-bioreactors installed at its Nowra, NSW, facility.

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Reuters – Algae.Tec Signs MOUs for China and Australia Pre-Listing

Algae.Tec Limited (ACN 124 544 190), which has secured the exclusive global rights to a pioneering highly-efficient algae growth and harvesting system (the McConchie-Stroud System) that produces algal products (such as algal oil and biomass) that can be used to generate sustainable bio-fuels, today announced two MOUs for non binding commitments to deploy the technology in China and Australia.

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Climate Spectator – Algae firm to float

Algae.Tec, which is hoping to become the first algae technology company to list on the ASX next month, says it has signed agreements for the potential development of its technology in Australia and mainland China. Alage.Tec is seeking to raise $7.5 million for its ASX listing. It’s one of a number of algae technology companies in fund-raising mode, but the only one attempting a public listing at this stage. Under the first MOU, Algae.Tec plans to construct a demonstration plant in Nowra with ethanol producer Manildra, capturing CO2 emitted from the fermentation of sugars which produce the ethanol, converting it into algae and then using it to produce a range of products ranging from bio-diesel, jet fuel, and proteins that can be used for feedstock for farm animals.

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Newly Discovered Chlorophyll Scavenger Could Lead to Cheaper Biofuels

A team of scientists from Australia and Germany has discovered what could be a new, previously unknown form of chlorophyll. As we all know chlorophyll is the green-pigmented substance that plants and certain forms of bacteria use to convert sunlight into energy. This new form appears to be a kind of “scavenger” that harvests part of the light spectrum that other forms of chlorophyll don’t absorb.

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Biodiesel Industries Wins Algae Grant

California-based Biodiesel Industries, a privately held company that builds, owns and operates biodiesel production facilities, has announced the company’s selection by the California Energy Commission for a project grant to support the state’s Alternative and Renewable Fuel and Vehicle Technology Program. This Biofuel Production Plants grant provides funding and financial assistance for the development of new, California-based biofuel production plants and enhances the operation of existing plants to increase statewide biofuel production and reduce greenhouse gas emissions.

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China recruits algae to combat climate change

China is the world’s biggest emitter of greenhouse gases, largely because it relies on coal for 70 per cent of its power. Almost none of the carbon dioxide is captured, partly because there is no profitable way of using it. Algae may be the answer. The organism can absorb carbon far more quickly than trees, a quality that has long attracted international scientists seeking a natural method of capturing the most dominant greenhouse gas.

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Algae.Tec Off And Running

The global algae biofuel market is heating up. Last week US company PetroAlgae, which to date boasts a two hectare algal oil demonstration plant, announced it was moving from an over-the-counter traded stock to an initial public offering (IPO) of US$200m in listed shares. The issue is underwritten by Goldman Sachs, UBS and Citigroup, among others.

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nine msn – Algae.Tec Off And Running

The global algae biofuel market is heating up. Last week US company PetroAlgae, which to date boasts a two hectare algal oil demonstration plant, announced it was moving from an over-the-counter traded stock to an initial public offering (IPO) of US$200m in listed shares. The issue is underwritten by Goldman Sachs, UBS and Citigroup, among others.

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Algae.tec Sign MOUs For China & Australia Pre-Listing

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SKY – Sky Business News

ABC – Algae an alternative source for feed and fuel

A Perth inventor believes he’s found a way to grow algae using carbon dioxide emissions and then turn it into fuel for tractors and organic feed for animals.

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Aussie researchers discover new chlorophyll that absorbs more light

In Australia, researchers at Sydney’s Macquarie University have discovered a type of chlorophyll in ancient Australian bacteria that could be used in biofuel production. Until now, four types of chlorophyll had been known, but in last week’s edition of Science, scientists announced the discovery of a fifth type that absorbs more infrared light.

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