Commercial-scale algae oil to transport fuels - biodiesel and green jet fuel.
Advanced algae biofuels for aviation and transport fuels
Domestic Fuel: 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.
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Biofuels Digest: In Australia, Algae.Tec is set to commission itsShoalhaven One showcase facility by the end of April. The cement platform structure with associated plumbing has been completed and is ready for the containerised bioreactor technology. The company currently has two biofuels projects underway, in Australia and Sri Lanka, for which project planning for the algae to biofuels facility at the Holcim cement plant is now complete. Both facilities offer algae carbon capture and storage (CCS) solutions.’
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Energy Business Review: Algae.Tec is set to commission its Shoalhaven One showcase facility in Australia by the end of this month.
The cement platform structure with associated plumbing has been completed and is ready for the containerised bioreactor technology.
The company currently has two biofuels projects underway, with one in Australia and the other in Sri Lanka, for which project planning for the algae to biofuels facility at the Holcim cement plant is now complete.
The bioreactors are being fitted out at the Algae Development & Manufacturing Centre in Atlanta, Georgia, which has been expanded and upgraded to accommodate these commercial production programs.
The despatch of the bioreactors to Sri Lanka will commence by late May.
Both facilities offer algae carbon capture and storage (CCS) solutions.
Algae.Tec has a biofuels MOUs with the European airline Lufthansa, and a 50/50 equity joint venture with Chinese company the Kerui Group for roll-out in China.
Read the full story here.
Venture Beat reports that:
“Sapphire Energy, a company that creates algae-based fuel, just announced a whopping $144 million in funding.
In recent years several startups have emerged to create fuel out of plant material, all hoping to lure people away from gasoline made from crude oil. Solazyme, Algae.tec, and Sapphire Energy all dominate the space, trying to edge out not only each other but oil companies as well.”
South Coast Register: The Shoalhaven is on the verge of entering a new tourism market – algae-driven visitation.
With the Algae.Tec plant on the grounds of Nowra’s Manildra factory starting to take shape, the region is just weeks away from the start of a wave of national and international visitors to inspect the world first, says the Register.
Algae.Tec’s bioreactor shipping containers are on site at the Manildra factory, and infrastructure including concrete slabs, pipes, power and pressure hoses are being installed to connect the containers for producing and processing oil from algae.
“This is a world first,” declared Algae.Tec chairman Roger Stroud.
Reuters reports Algae Biodiesel Company, World Health Energy Holdings, Inc. who are developing joint venture partnerships for algae production for biodiesel and commercial fish food, announced today further progress with its Letter of Intent with Prime Inc., an India Industrial and transport Company, which will see the development of a biodiesel production facility ramping up to 250 acres with a budget of up to $100 million.
Fierce Energy reports that an increasing amount of municipal solid waste is driving global demand for waste-to-energy (WTE) systems to convert waste into heat and electricity. Pike Research can reveal that by 2020, 261 million tons of waste will need to be treated annually.
Biofuels Digest reports that, The American University of Beirut has partnered with the Lebanese Association for Energy Savings and Environment and researchers from around the Mediterranean to study microalgae, in Lebanon for the production of algae-based biofuels.
San Diego Business Journal reports on the U.S. government push to get military ships and aircraft to run on alternative sources of energy. Sapphire Energy Inc., who are based in San Diego are working to produce biofuel from algae.
Financial Review: The Greens are pressing Labor to cut a $2 billion diesel tax rebate for mining companies after government officials warned the miners to expect more tax rises in the federal budget.
Miners fear the diesel rebate could be sacrificed in negotiations to win Greens support for Treasurer Wayne Swan’s business carryback tax loss plan and a $2.4 billion tax cut to big and small companies.
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Biorefining Magazine: With the McConchie-Stroud technology platform and a host of deals in the works, Algae.Tec is helping develop algae’s future.
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Algae Industry Magazine reports: Algae to biofuels technology company Algae.Tec Ltd. has announced its American Depositary Receipts (ADRs) is now trading on the highest tier of the OTC market, OTCQX®. Algae.Tec Executive Chairman, Roger Stroud, said the Company wanted to provide increased access to investors in the USA. “The OTCQX will allow more USA investors to be part of Algae.Tec’s global growth program which now covers USA, Asia, Europe and Australia.”
Algae.Tec now trades on the ASX under the symbol “AEB”, and in the United States on OTCQX under the symbol “ALGXY”, where each ADR represents 10 ordinary shares.
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Concern over oil prices prevails in the media today with The Australian, The Wall Street Journal and Bloomberg covering various angles of the crisis.
President Obama has made his approach to the oil crisis clear looking to biofuels as part of the solution. ABCNews, Energy Boom and Biofuels Digest all reported on Obama’s energy plan as well and his response to criticism.
A recent survey conducted by the Algal Biomass Organization (ABO) has revealed that ‘65% of algae producers are planning to expand capacity in 2012’ (Biofuels International) and that algae biofuels are on track to be cost-competitive with petroleum by 2020.
The Business Journal reports:
Algae.Tec began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
“We are pleased to welcome Algae.Tec to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors.”
INTL Trading, Inc. will serve as Algae.Tec’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
Read the full article here.
Proactive Investors reports: Algae.Tec (ASX: AEB) has increased its investor reach with a listing on the United States’ third highest traded market, the OTC-QX.
The OTC-QX platform provides Algae.Tec convenient access to the U.S. market at a time when the company, which was one of the best performing IPO’s in 2011, is looking at securing country-wide agreements in the U.S., Australia and Brazil for its algae-to-biofuels technology.
OTC-QX is one of three OTC Markets Group platforms which in total trade over 10,000 securities with an aggregate market capitalisation exceeding US$10 trillion.
It is the world’s largest electronic marketplace for broker-dealers to trade over-the-counter stocks. More than US$144 billion in total volume of securities were traded on the OTC platform in 2010.
The company will trade its American Depositary Receipts under the ticker ALGXY.
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Investor Central reports: OTC Markets Group Inc. (OTCQX: OTCM) the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Algae.Tec Limited (OTCQX:ALGXY; ASX: AEB), a renewable energy company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Algae.Tec began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
“We are pleased to welcome Algae.Tec to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors.”
INTL Trading, Inc. will serve as Algae.Tec’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
Read the full article here.
Bradenton Herald reports: Algae.Tec began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com
“We are pleased to welcome Algae.Tec to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors.”
INTL Trading, Inc. will serve as Algae.Tec’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.
Read the full article here.
Statesman.com reports: OTC Markets Group Inc.(OTCQX: OTCM) the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Algae.Tec Limited(OTCQX: ALGXY; ASX: AEB), a renewable energy company, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Read the full article here.
Daily Markets report: Algae.Tec began trading today on the OTC market’s prestigious tier, OTCQX International.
“We are pleased to welcome Algae.Tec to OTCQX,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors.”
Read the full article here.
San Francisco Chronicle reports: Algae.Tec congratulates its strategic partner the Manildra Group on being awarded the world’s first commercial certification by the Roundtable on Sustainable Biofuels (RSB). The RSB has developed a Global Sustainability Standard and Certification System for biofuel production. The RSB Certification System is approved by the European Commission, as proof of compliance with the Renewable Energy Directive (2009/28/EC).
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Algae.Tec strategic partner the Manildra Group has been awarded the world’s first commercial certification by the Roundtable on Sustainable Biofuels (RSB).
The RSB has developed a Global Sustainability Standard and Certification System for biofuel production. The RSB Certification System is approved by the European Commission, as proof of compliance with the Renewable Energy Directive (2009/28/EC). See full story here
NewNet reports:
Roger Stroud, executive chairman of Australian biofuel developer Algae.Tec has been appointed as a member of the advisory board for the Fuels and Energy Technology Institute at Curtin University in Perth.
The centre was formally launched last week by Australia’s Minister for Resources and Energy Martin Ferguson.
Ferguson said, ‘Advanced biofuels have a wide range of applications, in everything from aviation and shipping to electricity generation. Australia is well placed to capitalise on the opportunities on offer and facilities like these at Curtin University will help us do that.’
Read the full article here.
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