Algae.Tec (ASX. AEB) is a specialist producer, focused on developing technology that captures waste carbon dioxide to produce commercial quantities of a range of plant derived products for supply to three key markets:Medicinal cannabis
Algae.Tec’s state-of-the-art algae growing facility is based in Atlanta, Georgia USA, where a number of high-value algae strains are produced for supply to the global nutraceutical and aqua feed markets.
An estimated A$35m has been invested in plant technology, with extensive tests conducted over the last six years.
Currently, the facility’s total production capacity is 50Mt per year with forecast revenue of $2m per annum commencing Q4 2017.
The facility produces six major algal species which represent over 95% of the global market: