Perth, Western Australia/Atlanta, Georgia – 5 June 2012 – 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.