Media

In the News

Reuters reports: PERTH, Australia and ATLANTA, June 20, 2012 /PRNewswire-Asia/ — Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system today announced the algae to biofuels showcase facility Shoalhaven One will be officially opened on 2 August 2012.

Algae.Tec is pleased to announce the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP will officially open the facility south of Sydney in New South Wales, Australia.

Perth, Western Australia/Atlanta, Georgia – 20 June 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system today announced the algae to biofuels showcase facility Shoalhaven One will be officially opened on 2 August 2012. 

Algae.Tec is pleased to announce the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP will officially open the facility south of Sydney in New South Wales, Australia.

 

 

Algae.Tec Executive Chairman Roger Stroud said the Company was very pleased to have the Minister for Resources and Energy from the most populous state in Australia opening the facility.

 

 

The showcase commissioning was currently underway and the official opening of the facility would mark the production of algae oil for biofuels.

 

 

Algae.Tec recently announced the appointment of Sydney-based aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

 

 

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). The Company is also in talks with relevant firms in Brazil and the United States.

In a global wrap-up of which airlines are working with which biofuels companies, Biofuels Digest reports on the Lufthansa and Algae.Tec agreement:

Europe, Middle East and Africa: Germany

Last December, Algae.Tec announced that Algae.Tec Ltd and the major European airline Lufthansa have signed a Memorandum of Understanding to jointly evaluate the potential for algae oil from Algae.Tec’s bio-reactors to be developed into a sustainable source of aviation biofuels.

MarketWatch reports that Algae.Tec (asx:AEB)(fwb:GZA)(otcqx:ALGXY), an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system today announced commissioning for its showcase biofuels facility Shoalhaven One in Nowra Australia started this week.

Algae.Tec Executive Chairman Roger Stroud said the commissioning process was on track for production of algae biomass in early June, ramping up to capacity by the end of June.

The Shoalhaven One showcase facility team has the bioreactor technology and associated racks, piping, and separation tanks in place, and full testing and final validation is now underway.

View the full article here.

NEWS ARCHIVE

Share Price

A$0.061
0.000 (0.00%)
ASX Code: AEB