Commercial-scale algae oil to transport fuels - biodiesel and green jet fuel.
Advanced algae biofuels for aviation and transport fuels
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.
Vista Partners (“Vista”) announced today that it published its FREE macroeconomic/small cap oriented monthly newsletter for the month of May. Each monthly newsletter from Vista contains macroeconomic thoughts from its Principal Analyst, Ross Silver, and monthly highlights of each covered small cap company.
One of the companies featured in the May newsletter is Algae.Tec Limited. The newsletter is available for download here.
MarketWatch reports 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.”
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Yahoo Finance reports Vista Partners announced today that it has initiated coverage on Algae.Tec Limited (AEB.AX - News) (ALGXY.PK - News) (“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.”
Read the full article here.
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.”
Click here to download the report.
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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Radio Australia: An Australian company has developed a high-yield enclosed algae growth and harvesting system that can grow algae on an industrial scale and produce biofuels. Algae.Tec is now undertaking biofuels projects in Australia, Sri Lanka and China. They also have an understanding with the European airline Lufthansa for the development of aviation biofuels.
DESLEY BLANCH: A couple of weeks ago as Qantas, Australia’s largest airline completed its historic test flight using biofuels on a flight between Sydney and Adelaide, it was watched with great interest by Roger Stroud whose Western Australian and US-based company Algae.Tec has developed biofuels from algae.
Unlike the Qantas flight which flew on fuel derived from used cooking oil, the McConchie-Stroud System, named for its inventors uses a high-yield enclosed algae growth and harvesting system.
Since 2007 when Roger Stroud and chemical engineer Earl McConchie formed their company in Perth, W.A., the two entrepreneurs perfected the core technology that today sees Algae.Tec undertaking biofuels projects in Australia, Sri Lanka and China.
They also have an agreement with the European airline Lufthansa for the development of aviation biofuels. Roger Stroud is Algae.Tec’s Executive Chairman and from Perth, Western Australia he describes how they grow algae very quickly — not in vast ponds outside, but inside shipping containers.
See the full interview here.
Dr. Moira Gunn talks with Roger Stroud, Executive Chairman of Algae.Tec Limited, about turning algae into jet fuel.
Listen to the podcast here.
The biofuel flight, which saw the plane fly between Sydney and Adelaide, was powered on cooking oil-derived biodiesel which was supplied by SkyNRG.
However, Algae.Tec says it would be beneficial if the biofuels could be grown locally rather than imported from overseas.
“This is a very welcome demonstration of the potential for biofuels to transform the way our transport industries use renewable and sustainable fuel.”
“In the near future, the Flying Kangaroo could be powered by Australian aviation biofuels produced from Australian algae, grown right here,” said Mr Stroud.
Algae.Tec is not a food to energy procedure, and hence has cost, sustainability and scale advantages.
Algae.Tec has biofuels projects underway at Shoalhaven in New South Wales, and in Sri Lanka as well as a joint venture project in China.
Mr Stroud said Algae.Tec also has an MOU with Lufthansa – one of the largest airlines in the world – for the development of aviation biofuel.
Read the full article here.
Automotive Industries reports, at least two commercially viable biofuel off take agreements with suppliers are expected to be announced this year with airlines, according to Airline Association VP & Economist, John Heimlich.
Focused on the need for economic, reduced carbon aircraft fuel is a recent MOU between Lufthansa and AlgaeTec by which the two firms will explore how AlgaeTec’s unique way of producing aviation fuel can fill Lufthansa’s needs.
Along with economic biofuel technology, Chicago based UOP teamed with Montreal based Ensyn Corp, recently announced successful demonstration of RTF(rapid thermal processing) by which all manner of biomass can be converted in 2 seconds at 500C into bio crude oil for refining into petroleum alternative fuels.
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RenewEconomy reports that Qantas says it needs to look for a home grown alternative to its test flight biofuel derived from used cooking oil from the US; from a fast-food chain in Kansas.
“Qantas will have no shortage of potential providers. One of those, Algae.Tec says algae fuels is a very real short-term prospect for aviation fuels. “This is a very welcome demonstration of the potential for biofuels to transform the way our transport industries use renewable and sustainable fuel,” he said of the demonstration flight.
Algae.Tec has already signed an agreement with Lufthansa to develop aviation fuels from algae, which can be harvested from feed-stocks such as carbon dioxide emissions, and has its first Australian project underway near Nowra in NSW, and has other ventures in Sri Lanka and China.”
Green Power Source reports Algae.Tec has announced that its two biofuels projects are full speed ahead. The company, founded in 2007 has offices in Atlanta, Georgia and Perth, Western Australia, and its company is focused on developing algae to biofuels technology using an enclosed algae growth and harvesting system. One project is underway in Australia- Shoalhaven One- and one in Sri Lanka.
Read the full article here.
eGlobal Travel Media reports an Australian algae to transport fuels company Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) today congratulated Qantas on its first biofuels flight.
Algae.Tec Executive Chairman, Roger Stroud, congratulates Qantas on its historic biofuel test flight between Sydney and Adelaide, using biofuel derived from used cooking oil and produced by Dutch company SkyNRG.
“This is a very welcome demonstration of the potential for biofuels to transform the way our transport industries use renewable and sustainable fuel.”
“In the near future, the Flying Kangaroo could be powered by Australian aviation biofuels produced from Australian algae, grown right here,” said Stroud.
Read the full article here.
SiloBreaker: Biofuel company, Algae.Tec Limited, announced the opening of its production facilities in Australia and Sri Lanka. The Shoalhaven One showcase facility to be opened in Australia by the end of April 2012 is now ready for the bioreactor technology.
Read the full article here.
Crop Biotech Update: Biofuel company, Algae.Tec Limited, announced the opening of its production facilities in Australia and Sri Lanka. The Shoalhaven One showcase facility to be opened in Australia by the end of April 2012 is now ready for the bioreactor technology.
Project planning for the facility in Sri Lanka is also complete. According to the report by Algae.Tec, the bioreactors are being fitted out at the Algae Development & Manufacturing Centre in Atlanta, Georgia. The center has been expanded and upgraded to accommodate these commercial production programs. The despatch of the bioreactors to Sri Lanka will begin by late May this year.
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Petrol World: Algae Tec Inc. is in the final stages of its two biofuel projects in Australia and Sri Lanka. The worldwide biofuels enterprise is focusing on enclosed modular engineered technology which can develop algae on an industrial scale producing biofuels as an alternative to imported fossil fuels.
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Biofuels International: Algae.Tec says it will open its biofuel production facility in Australia by the end of April 2012. So far the cement platform structure and plumbing has been built at the Shoalhaven One showcase facility, and it is now ready for the containerised bioreactor technology to be installed.
Read the full article here.
Biofuels Journal: Algae.Tec Limited (ASX:AEB, FWB:GZA:GR, ALGXY:US) an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system currently has two biofuels projects underway: one in Australia and the other in Sri Lanka.
In Australia the Shoalhaven One showcase facility team has completed the cement platform structure with associated plumbing ready for the containerised bioreactor technology.
Read the full article here.
Algae Biodiesel: Algae.Tec is rapidly nearing algae to biofuels production with the impending commissioning of its demonstration facility in Nowra. Importantly, the company is well placed with milestone agreements signed with Lufthansa, Holcim and China’s Shandong Kerui Group Holding, and more discussions in the pipeline.
Read the full article here.
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