Biofuels International reports on the start of commissioning of Algae.Tec’s Australian showcase facility, Shoalhaven One.
“Algae into biofuels company Algae Tec has announced commissioning for a showcase biofuels facility in Nowra, Australia.
The facility, named Shoalhaven One, already has the bioreactor technology and associated racks, piping and separation tanks in place, with full testing and final validation now underway.”
Market Watch runs the announcement 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.
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Algae.Tec’s Executive Chairman Roger Stroud talks to Dr Moira Gunn on NPR BioTech Nation Radio program
Vista Partners Initiates Coverage on Algae.Tec Limited Target Price AUD $1.08
SAN FRANCISCO, CA — 05/01/12 — Vista Partners announced today that it has initiated coverage on Algae.Tec Limited (ASX: AEB) (OTCQX: ALGXY) (“The Company” or “AEB”) with a twelve month target price of AUD $1.08. Ross Silver, Principal Analyst at Vista Partners, stated, “The Company has numerous memorandums of understanding (MOU), one of which is with European airline giant Lufthansa. The Company and Lufthansa plan to jointly evaluate the potential for algae oil from AEB’s bio-reactors to be developed into a sustainable source of aviation biofuels.” Mr. Silver continues, “In addition, AEB signed a collaboration contract to build its first algae biofuels production facility in Asia. The facility is being built in Sri Lanka with the local subsidiary of industrial giant Holcim, the world’s second largest cement and building materials company.” Mr. Silver concludes, “Venture Beat recently stated that Solazyme, Algae.Tec, and Sapphire Energy all dominate the global algae to biofuels space, trying to edge out not only each other but oil companies as well.”
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm’s professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.
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