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ASX RELEASE | Reliance Converts Options

 

Market update

22 July, 2014

 

Perth, WA – AlgaeTec Limited is pleased to announce that the Reliance Group has confirmed the conversion of the first tranche of options following the positive progress achieved on the joint algae plant project with Algae.Tec Ltd.

The engineering of the plant is progressing well, fabrication of the module and other critical equipment is underway and construction is scheduled to begin within the next few months.

1,833,740 options have been converted at an exercise price of 16.36 cents per share. Reliance hold a further 28,728,607 options following this conversion.

Please email us at info@algaetec.com.au or AU +61 8 9380 6790 if you would like comments, briefings or further information.

ASX RELEASE | Algae.Tec says deal with Reliance Industrial Investments and Holdings Limited (RIIHL) to launch global biofuels division

 

Market update

22 January, 2014

Media contact

Susan Fitzpatrick-Napier

Digital Mantra Group

team@dmgpr.com

+61 (0) 2 8006 0424

+1 650 798 5238

 

Algae.Tec Limited (ASX: AEB, OTCQX: ALGXY, FWB: GZA:GR) said news yesterday of signing agreements with Reliance Industrial Investments and Holdings (RIIHL) was the backing the Company needed to fund and launch its Global Biofuels Division.

RIIHL is part of the Reliance Group, India’s largest private sector enterprise.

The agreements encompass a subscription agreement, and technical and equipment supply agreements. These agreements also discuss conditions for future commercial algae plants, following the successful completion of the pilot plant.

The subscription agreement details the issue of $1.5m worth of shares and $5m of options to RIIHL with both the shares and option exercise price being set at the 90 day volume weighted average share price, which equates to 16.3 cents per share. The shares will be issued immediately and RIIHL will make additional investments by exercise of $1.2m of options over the next two years.

The technical and equipment supply agreements detail the technical goals that Algae.Tec will have to meet and the costs that RIIHL will pay for the pilot plant and technical supervision.

“This is a very exciting step forward by Algae.Tec” stated Peter Hatfull, Algae.Tec’s Managing Director. “The new biofuels facility to be built in India, will be fully funded by Reliance Industrial Investments and Holdings Limited (RIIHL), leaving the equity injection to be used solely for working capital purposes”

“This level of financial backing and ongoing support is just what Algae.Tec needed.”

“It’s a fact of business life that emerging companies need funding injections and the technical grunt of this type to transition into the commercial phase.”

“It’s good news for Algae.Tec and the algae biofuels sector.”

The Algae.Tec Biofuels Division is operated out of the Atlanta facility through the Company’s wholly owned subsidiary, Algae Energy Inc.

The Algae.Tec vision is to work with this significant strategic partner Reliance for many years to come, deploying Algae.Tec growth platform technology to produce algae biofuels in India and expanding through Asia to help meet increasing demand for fuels.

Algae.Tec recently announced expansion into the nutraceuticals market which taps the fast growing demand for products like Spirulina and Chlorella. This Division is based in Nowra south of Sydney. “It is exciting to have two distinct divisions with strong strategic partners with both divisions participating in massive global markets” said Mr Hatfull.

About Algae.Tec | www.algaetec.com.au

About Reliance | http://www.ril.com/html/aboutus/about_jamnagar.html

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable algae company that has developed a high-yield enclosed algae growth and harvesting system. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce algae products including proteins, oils and biofuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

ALGAE.TEC RECEIVES INVESTMENT AND SIGNS PILOT PROJECT AGREEMENTS

ASX ANNOUNCEMENT

Algae.Tec Limited (ASX: AEB, OTCQX: ALGXY, FWB: GZA:GR) today announced an initial investment of AU$1.5 million by Reliance Industrial Investments and Holdings Limited (RIIHL), with additional investments of AU$1.2 million over the next 2 years.

This relationship also features pilot project agreements for building a 2 barrel per day biofuels facility in India utilising  Algae. Tec’s technology funded by RIIHL affiliates.  The companies plan to work together towards commercialisation after the successful operation of the pilot biofuels facility.

Algae.Tec Managing Director Peter Hatfull stated “We are pleased to have a new strategic investment in Algae.Tec and the opportunity for a biofuels facility in India.  This has the potential to make a significant impact on India’s energy and environmental requirements”.

RIIHL is an Indian company with investments in various sectors.

ASX RELEASE: Algae.Tec growth system validated

 

ASX RELEASE  

17 December, 2013

Media contact:

Digital Mantra Group

TEAM@DMGPR.COM

Australia +61 2 8006 0424

USA +1 650 798 5238

 

ALGAE.TEC GROWTH SYSTEM VALIDATED AND ENTERS FAST GROWING GLOBAL NUTRACEUTICAL MARKET

AlgaeTec Limited (ASX: AEB, OTCQX: ALGXY, FWB: GZA:GR) today announced receipt of a Validation Report from Sydney Environmental and Soil Laboratory Pty Ltd (SESL), a National Association of Testing Authorities (NATA) approved company.

 

Algae.Tec Chairman Roger Stroud is extremely pleased with the results of the validation that confirms the application and production capability of the Algae.Tec system in an industrial setting.

 

Mr Stroud said the algae yields achieved are of a sufficiently high level to justify the establishment of a new dedicated algae production facility at Nowra, south of Sydney in New South Wales.

With the successful completion of the validation process, Algae.Tec is now focused on commercializing the technology, with the goal of rapidly establishing a strong, profitable revenue base for the company.

 

To speed up the path to profitability, Algae.Tec has identified the nutraceuticals market estimated to be worth $205 billion by 2017* as a significant opportunity that offers:

 

  • Relatively low capital establishment costs
  • Potential for high gross margins on revenue
  • Significant and growing market in Asia in particular

 

“A decision has been made to focus, in the short term, upon the growing of high quality, high value, nutraceuticals, with an immediate focus on Chlorella and B-Carotene algae. Other nutraceutical algae products will follow,” said Stroud.

 

Nutraceutical are dietary supplements that support physical and mental health.

 

As part of this strategic opportunity, Algae.Tec has entered into an exclusive Collaborative Agreement with Nutrition Care Laboratories, based in Melbourne, Victoria.

 

Nutrition Care is a significant manufacturer and marketer of high value nutraceuticals for many of the best know nutraceutical brands in Australia and internationally, with a focus on Asian markets in particular.

 

The Algae.Tec closed growth system is perfect for nutraceutical products because all inputs can be controlled, producing a consistently high quality product. In addition these Algae.Tec products are free of impurities and all agricultural chemicals, such as pesticides and herbicides.

 

Chlorella is an increasingly attractive high protein, nutritional food source, which is highly sought after in Asia. B-Carotene is in demand as a nutritional supplement for vision, immunity and overall health.

 

“This is a significant market opportunity for AlgaeTec. The Asian market in

particular is increasingly prepared to pay a premium for a quality nutraceutical product,” said Stroud.

 

Anticipated production of Chlorella, and B-Carotene, is expected to be 2,000 tonnes in 2014, up to 4,000 tonnes in 2015, with a target of 8,000 tonnes in 2016, and 10,000 tonnes by 2017.

 

Indicative wholesale prices for the Chlorella and B-Carotene are currently $16,000 and up to $90,000 per tonne, respectively. The algae is 100% used as the product. A healthy gross margin on revenue is anticipated as capital costs are expected to be in the vicinity of $7,000 per tonne.

 

The nutraceuticals initiative was prompted by the significantly lower capital required and better anticipated profit margins per tonne of production compared with biofuels, and the very speedy path to production.

 

Currently, biofuel initiatives are being developed out of the Atlanta facility through the Company’s wholly owned subsidiary, Algae Energy Inc.

 

Sources of capital are expected to be equity, tax rebates and internal cash flow.

 

The Company has entered into a long term lease at an industrial warehouse complex in Nowra. This will facilitate a rapid start up of production.

 

Algae.Tec has worked very hard over the past 12 months to commission and validate the Algae.Tec growth system in the Nowra  industrial setting. Mr Stroud said this successful validation now launches the company into the commercialisation phase of its development, looking to rapidly deliver positive cash flows.

 

 

Images: http://algaetec.com.au/news-room/image-gallery/  

Production facility image: http://algaetec.com.au/wp-content/gallery/shoalhaven-one-launch/dsc_1021.jpg

* About the nutraceutical market:

The global nutraceuticals product market reached $142.1 billion in 2011 and is expected to reach $204.8 billion by 2017, growing at a CAGR of 6.3%, according to “Nutraceuticals Product Market: Global Market Size, Segment and Country Analysis & Forecasts (2007-2017),” from Transparency Market Research, Albany, NY.

Growth in Asia-Pacific (including Japan) will be second only to the USA by 2017 according to the report

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable algae company that has developed a high-yield enclosed algae growth and harvesting system. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce algae products including proteins, oils and biofuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

Algae.Tec signs waste to energy carbon capture agreement for Australia and New Zealand

Phoenix Energy

ASX RELEASE 

29 October, 2013 

ALGAE.TEC SIGNS WASTE TO ENERGY CARBON CAPTURE AGREEMENT FOR AUSTRALIA AND NEW ZEALAND 

Algae.Tec (ASX: AEB, OTCQX: ALGXY is pleased to announce that it has signed a binding agreement with Phoenix Energy Australia to provide its proprietary algae to biofuels technology for waste to energy (W2E) facilities proposed for Australia and New Zealand.

Phoenix Energy Australia is engaged in the business of commercialising the world’s leading technology for recovering renewable energy from the combustion of municipal solid waste. Phoenix Energy is working with Mitsubishi Heavy Industries Environment and Chemical Co and John Holland.

W2E is a much cleaner and environmentally responsible process than the existing practice of burying waste in landfills.

Traditional landfills take up valuable land space and have been criticised for their groundwater discharges and methane emissions. W2E plants could eliminate these problems by reducing the need for landfill by over 90%.

Phoenix Energy Australia is currently negotiating contracts to build and manage centralised W2E facilities that take waste from groups of municipalities in Australia.

Algae.Tec has agreed to an exclusive arrangement to provide its technology for any W2E plant built by Phoenix Energy Australia. Algae.Tec’s technology will capture the CO2 produced by the plant and convert it to algae products, thereby ensuring that the waste to energy plant will be the most environmentally friendly process possible.

Peter Dyson, the Managing Director of Phoenix states “When compared to the alternative of landfilling waste and the electrical energy generation derived from coal, waste to energy plants such as ours already significantly contribute to a net abatement of CO2 emissions.

However we are constantly looking to improve this even further and that’s why we are very excited about the Algae.Tec deal, as we believe they have the best and most efficient carbon capture technology in the world.

The unique design of their engineered modules will allow it to be easily integrated into the W2E plant site without the need for the large ponds that are required by other algae type applications.

This will also mean that the Algae.Tec process has the potential to be retrofitted to many of the 1,000 international waste to energy plants, of which over 400 are based on the same technology we are deploying here in Australia and New Zealand.”

About Algae.Tec www.algae-tec.com 

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce algae products including biofuels that replace predominantly imported fossil fuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

ALGAE.TEC RAISES $1,000,000 FOR KEY PROJECTS

 

ASX RELEASE

16 October, 2013

Media contact:

Digital Mantra Group PR

TEAM@DMGPR.COM

Australia +61 2 8006 0424

USA +1 650 798 5238

 

Algae.Tec (ASX: AEB, OTCQX: ALGXY) has raised AU$750,000, with an additional $250,000 in 2 months. The consideration for this has been a Platinum Bond to sophisticated investors. The bond has been issued with pre-paid interest of 7.5%. The advisor to this issue is Platinum Road Pty Ltd.

The funds will be utilised to progress key projects and for general working capital including repayment of existing loans.

The bonds are repayable in 12 months or may be converted into shares at a conversion price of $0.22 cents. .

Algae.Tec technology images:

http://algaetec.com.au/news-room/image-gallery/  

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce algae products including biofuels that replace predominantly imported fossil fuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

Algae.Tec announces biofuels refinery deal with Biodiesel Industries Australia for 50 million litres

ASX RELEASE  

July 8, 2013

Media contact:

Digital Mantra Group

TEAM@DMGPR.COM

Australia +61 2 8006 0424

USA +1 650 798 5238

Leading enclosed, modular-system algae to biofuels company Algae.Tec (ASX: AEB, OTCQX: ALGXY) has tapped one of the largest biofuel refineries, Biodiesel Industries Australia (BIA), to refine algal oil from its carbon capture and biofuels production facility alongside a 2640MW coal-fired power station near Sydney.

The oil, to be produced from the Algae.Tec facility planned for 2014 at Macquarie Generation’s Bayswater coal-fired power station in the Hunter Valley NSW, will be refined by BIA then used locally by mining and industry in the Hunter region.

BIA Managing Director Andrew Hill said the company currently produced biodiesel for clients including Caltex, local councils, and the mining industry.

“We have long considered algae to be the Holy Grail for biofuels, so we are pleased to see this new algae to biofuels development happening just up the road at MacGen.”

“BIA is playing a key role to accelerate the transition to biofuels in the region,” Hill said.

BIA was established in 2003 and was Australia’s first commercial biodiesel refinery. It is currently refining up to 17 million litres per annum.

“This 50 million litre Algae.Tec deal would put us on a world-scale for biofuels refining.”

The Algae.Tec and Macquarie Generation carbon capture to biofuels announcement, was made this month by NSW Energy Minister, Chris Hartcher. The world-first deal received international attention.

Algae.Tec Executive Chairman Roger Stroud said algae biofuels offers NSW and Australia a new level of fuel security at a time when all the traditional petroleum refining capacity is closing down in NSW.

“We look forward to working with BIA, they are real leaders in the biofuel refining sector.”

Images: http://algaetec.com.au/news-room/image-gallery/  

Vision: https://www.yousendit.com/download/WFJWZGlrdkc5eFdybHNUQw

Macquarie Generation www.macgen.com.au

About Algae.Tec www.algae-tec.com Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

Algae.Tec signs carbon capture biofuels deal with australia’s largest coal-fired power company

 

ASX RELEASE

EMBARGO 1.30pm (AEST)

July 2, 2013

Media contact:

Digital Mantra Group

TEAM@DMGPR.COM

Australia +61 2 8006 0424

USA +1 650 798 5238

 

In what is understood to be a world first, Algae.Tec (ASX: AEB, OTCQX: ALGXY) has signed a deal with Australia’s largest power company to site an algae carbon capture and biofuels production facility alongside a 2640MW coal-fired power station near Sydney.

Power company Macquarie Generation one of the largest in the world and owned by the New South Wales Government, has signed an agreement to site the Algae.Tec facility next to the Bayswater coal-fired power station in the Hunter Valley NSW, and feed waste carbon dioxide into the enclosed algae growth system.

The announcement was made today by NSW Energy Minister, Chris Hartcher in the presence of Macquarie Generation CEO and Managing Director Russell Skelton and Algae.Tec Executive Chairman Roger Stroud.

“This deal is an innovative means of capturing and reusing carbon emissions and providing the Hunter region with a locally produced green fuel source,” Mr Hartcher said.

Macquarie Generation CEO and Managing Director Russell Skelton said:

“Our agreement with Algae.Tec is another example of MacGen finding creative ways to improve our business and improve our environmental performance.”

“Its new technology is improving a traditional power plant.”

“Carbon is now our single largest cost. This technology should reduce our carbon output, reduce our carbon bill, and at the same time improve our bottom line.”

Bayswater uses approximately 7.5 million tonnes of coal per year and delivers power to eastern Australia, from South Australia to Northern Queensland. It is the centre-piece of the New South Wales energy system.

The algae will feed on “waste” carbon dioxide emitted by the power station and the resulting algal oil is converted to biodiesel and hydrogenated to grade A jet fuel.

Roger Stroud said algae biofuels offers NSW and Australia a new level of fuel security.

“At a time when all the petroleum refining capacity is closing down in NSW, this is the beginning of an era of renewable fuel which can be “grown” in the State and can substitute imported petroleum products,” said Roger Stroud.

Added benefits of the deal are the creation of hundreds of regional jobs in a new and emerging industry for the Newcastle and Hunter region.

“With this announcement today, NSW stands out as a global leader in the adoption of renewable technologies that makes our existing power generation infrastructure cleaner and produces valuable fuel oil.”

Roger Stroud said this deal reflects a genuine desire on the part of the NSW Government and the NSW power industry, to support solutions to mitigate carbon dioxide emissions from fossil fuelled power stations.

Images:

http://algaetec.com.au/news-room/image-gallery/  

Vision:

https://www.yousendit.com/download/WFJWZGlrdkc5eFdybHNUQw

Macquarie Generation www.macgen.com.au

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia. The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels. The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

ASX Announcement: Corporate Placement & Share Purchase Plan

8 May 2013

Algae.Tec Limited (ASX: AEB) is pleased to announce that it has received commitments for the placement of new fully paid ordinary shares to corporate investors for the sum of $1 million (Placement).

Algae.Tec will issue 4,545,455 fully paid ordinary shares at $0.22 per fully paid ordinary share.

Algae.Tec is also pleased to announce a Shareholder Purchase Plan for all eligible shareholders on Algae.Tec’s register with addresses in Australia and New Zealand to apply for a maximum of $15,000 in value of ordinary shares in Algae.Tec (subject to any scale-back determined by Algae.Tec’s directors) at $0.22 per fully paid ordinary share. No brokerage or transaction costs will be incurred by shareholders under the Shareholder Purchase Plan (SPP).

The purpose of the Placement and SPP is to provide funds for:

  • Increase personnel resources for commercialisation of its technology
  • Complete validation at the company’s demonstration plant in Nowra NSW
  • Repay and terminate the convertible note arrangement with La Jolla Cove Investors
  • For general working capital requirements.

Further details in relation to the proposed SPP will be provided in the SPP Offer Booklet and Application Form, which will be sent to eligible shareholders in the next few days.

 

ALGAE.TEC SIGNS MOU WITH WORLEYPARSONS FOR GLOBAL PROJECT DEVELOPMENT PROGRAM

Perth, Australia – 21 March 2013 – Algae.Tec (ASX: AEB, OTCQX: ALGXY), ranked by Lux Research as the leading algae biofuels business for 2013, today advised that a Memorandum of Understanding (MOU) has been formed between Algae.Tec and WorleyParsons.

A number of Algae.Tec projects, including those in the EU, USA, Australia and Brazil, are already in the final stages of technical feasibility studies.

This MOU establishes the framework by which WorleyParsons can support Algae.Tec in the future development of these projects.

Algae.Tec Executive Chairman Roger Stroud said:

“Algae.Tec is extremely pleased to have the support of WorleyParsons during this global development, construction and management phase.”

“WorleyParsons, a world leader in the delivery of engineering, procurement, and construction management (EPCM) services, brings an extensive network and years of experience in supporting project development and plant operations”

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, ranked by Lux Research as the leading algae business in 2013, is an Australian advanced renewable oil from algae company.

Algae.Tec has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company was founded in 2007 and has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

PRESS RELEASE: Lux Research ranks Algae.Tec the leader in a review of 29 global algae firms

Algae.Tec (ASX: AEB, OTCQX: ALGXY) is ranked as a “Dominant” business in the new Lux Research Report Leading Alternative Fuel Developers Race to Real Revenue in 2013 announced this week.

The review of 29 algae companies globally, ranks Algae.Tec ahead of its competitors as the only “Dominant” company based on the criteria “Technical Value and Business Execution”.

“Lux Research positioned alternative fuel technology developers on the Lux Innovation Grid based on their Technical Value and Business Execution – companies that are strong on both axes reach the “Dominant” quadrant,” according to Lux Research.

Lux Research said about emerging technologies intelligence report:

“The alternative fuels sector continues to steadily progress, revealing some lucrative home-runs as well as ill-fated disappointments.

Shale gas disrupted the North American energy landscape, and its ripples were felt worldwide.

But with the fuels market on the order of trillions of dollars, opportunities for an array of technological solutions exist.

To best assess the alternative fuels sector, we refined the crowded landscape into eight categories: crop modification, pre-treatment, algae, gasification, bioprocessing, pyrolysis, torrefaction, and catalytic conversion.

We then analysed companies occupying each category using our Lux Innovation Grid methodology, a tool that ranks companies on business execution, technical value, and maturity.

This allows readers to quickly identify potential partnership and investment opportunities that best fits their individual needs.”

“Real revenue is the meme of 2013. With several expensive next-generation plants expected to come online, the outlook is poised to dramatically change for budding fuel developers and major corporations alike,” said Andrew Soare, Lux Research Analyst and the lead author of the report.”

About Lux Research:

Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on Lux Research to help them make informed strategic decisions.

Through their unique research approach focused on primary research and extensive global network, they deliver insight, connections and competitive advantage to their clients.

The full report (subscription required) can be found here.

The Lux Research Press Release can be found here.

Hon. Dr Mike Kelly: Algae.Tec Shoalhaven facility leading the world in clean energy innovation

Dr Mike Kelly

THE HON DR MIKE KELLY AM MP

Parliamentary Secretary for Defence

Member for Eden-Monaro

 

 

Algae.Tec Shoalhaven facility leading the world in clean energy innovation

  10 December 2012

Member for Eden-Monaro Dr Mike Kelly today visited the pioneering Shoalhaven Algae. Tec facility, which is using advanced technology to produce low cost, high grade biofuel using algae.

Member for Eden-Monaro Dr Mike Kelly today visited the pioneering Shoalhaven Algae. Tec facility, which is using advanced technology to produce low cost, high grade biofuel using algae.

 

Dr Kelly, who has a passion for renewable energy, was briefed by company representatives in their process and the wide-ranging potential of their products.

 

This technology not only adds to the Southern region’s wealth of renewable energy projects, it has the ability to address Australia’s energy security needs by reducing our reliance on imported oil and fossil fuels, and to cut pollution.

 

In Israel and China, for example, the carbon-hungry algae are being used to abate emissions from coal-fired power stations that are a similar size to the ones used in Australia.

 

Dr Kelly said it was fantastic to see world-leading innovation in our own backyard.

 

“This region is fast becoming a flagship for renewable energy in Australia,” he said.

 

“We have already seen over $1billion being invested in renewable energy projects in Eden-Monaro and the lower Shoalhaven region – that includes wind and wave energy, solar, biomass and geothermal.

 

“To have a company like Algae.Tec here in Bomaderry, which recently signed a collaboration agreement with Lufthansa to produce aviation biofuels and also with Holcim Lanka, is a wonderful boon. The possibilities of this technology are extremely exciting.

 

“Their algae technology has almost no impact on the environment and could potentially eliminate emissions from coal-fired power stations.”

 

Algae.Tec Executive Chairman Roger Stroud said the biofuels technology showcased here in Shoalhaven is the same technology that will be used by the company’s global aviation and transport fuel clients.

 

“We currently have feasibility studies underway with interested parties in Texas, Brazil, China, Sri Lanka and Germany, as well as another site in New South Wales,” said Mr Stroud.

 

“The Shoalhaven facility has already had VIP visits from some of the world’s largest companies wanting to see how the technology delivers sustainable low cost fuel, carbon capture, and energy security.”

 

 

Media contact: Robbie Rynehart 0459 810 654

The Honourable Dr Mike Kelly AM MP, Parliamentary Secretary for Defence tours Shoalhaven One showcase facility.

The Honourable Dr Mike Kelly AM MP, Parliamentary Secretary for Defence, Member for Eden-Monaro tours Shoalhaven One showcase facility.

Dr Kelly will tour the Algae.Tec site on Monday, 10 December and be briefed on the process and potential applications of their products.

Dr Kelly has a long held interest in renewable energy and biofuels because of the innovation and investment opportunities for the region of Eden-Monaro as well as the potential applications for the Defence Force.

A press release about the visit will be available on Monday.

Annual Report 2012 (ebook)

algaetec

Algae.Tec Annual Report 2012

View online in ebook format (opens in new window)

ALGAE.TEC AND LUFTHANSA SIGN COLLABORATION AGREEMENT TO BUILD BIOFUEL PRODUCTION FACILITY IN EUROPE

19 September 2012 – Algae.Tec Limited is pleased to announce that Algae.Tec and Lufthansa have signed a Collaboration Agreement for the construction of a large-scale algae to aviation biofuels production facility.

The site will be in Europe adjacent to an industrial CO2 source.

Lufthansa will arrange 100% funding for the project. Algae.Tec will receive licence fees and profits from the Project, which will be managed by Algae.Tec.

As part of the Agreement, Lufthansa commits to a long-term offtake agreement of at least 50% of the crude oil produced at an agreed price

The agreement forms the base for a long-term cooperation between Algae.Tec and Lufthansa for the industrial production of crude algae suitable for conversion into aviation kerosene and conventional diesel fuels

The Agreement states:

“Both parties will jointly develop a large-scale industrial algae oil production plant based on Algae.Tec’s technology and operating support, and Lufthansa’s offtake commitment for such algae oils.”

Algae oil produced by the Project shall fulfill at all times the EU Renewable Energy Directive (“EU-RED”) and shall be certified according to ISCC –Standard.

This agreement builds on and supersedes the MOU signed between the two parties in January 2012. It is subject to final Board approval of both parties and the final sign off for the algae oil conversion into aviation kerosene. A final feasibility report will be completed once the first site has been selected.

See algae to aviation fuel video here http://www.youtube.com/watch?v=VA_xiEHSTRI&feature=youtu.be

See more Algae.Tec images here http://algaetec.com.au/news-room/image-gallery/media/image-gallery/berlin-airshow/

ALGAE.TEC BIOFUELS TECHNOLOGY TO FEATURE AT 2012 ILA BERLIN AIRSHOW

Perth, Australia, Atlanta, Georgia – 30 August 2012 – Sourcing sustainable aviation biofuels at-scale is a major theme at this year’s ILA Berlin Airshow and its dedicated Alternative Aviation Fuels Pavilion, designed to showcase the latest biofuels innovations. (11-16 September 2012)

 

Algae.Tec, which is working with German aviation giant Lufthansa, will present its algae to aviation biofuels technology at the specialist Pavilion.

 

Also at the ILA Berlin Airshow, Algae.Tec Executive Chairman Roger Stroud has been invited to speak at The Future of Alternative Aviation Fuels, Biomass and Sustainability session.

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ALGAE.TEC LAUNCHES NEW AUSTRALIAN FUEL INDUSTRY WITH FIRST ALGAE TO BIOFUELS FACILITY

Shoalhaven One showcase algae to biofuels facility launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher.

Nowra, New South Wales, Australia – 15 August 2012 – Australia’s first advanced engineered algae to biofuels facility Shoalhaven One commissioning launch was a success with New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP, activating the solar light system and starting the first algae growth.

Opening the facility Minister Hartcher said this is about creating a new Australian fuel industry and moving away from dependence on imported fuel.

“This is a new source of aviation fuel,” he said.

“It offers a cutting edge technology that NSW and Australia can take advantage of, and grow Australia in the world of energy supply.”

A VIP crowd including executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives attended the official ceremony at Nowra south of Sydney.

A strong media contingent attended the launch including ABC TV and radio news, WIN TV and a pool TV crew that fed news to Bloomberg TV, Channel &, 10, and 9, and local newspaper the South Coast Register, among others.

Shoalhaven One showcase algae to biofuels facility launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher


 

 

 

 

 

 

 

 

 

 

 

 

Shoalhaven One showcase algae to biofuels commissioning launch.

 

 

 

 

 

 


 

Shoalhaven One showcase algae to biofuels facility commissioning launch – Executive Chairman Roger Stroud and Resources and Energy Minister Hartcher.

 

 

 

 

 

 

 

 

 

 

Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) is an advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system. The showcase facility is connected into the Manildra Group waste carbon dioxide, which is used in the algae growth process.

 

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and Australia energy security at a time when traditional fossil fuel companies are leaving the local market.

“Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia.”

Algae.Tec announced that leading inspection, verification, testing and certification services company SGS will now undertake the third party yield validation process.

Algae.Tec has recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec also has projects with Holcim Lanka, joint venture discussions in China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in NSW, Brazil and the United States.

About Algae.Tec  www.algaetec.com.au

 

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia.

 

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

 

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

 

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

 

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

 

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ALGAE.TEC ANNOUNCES COMMISSIONING OF ADVANCED ALGAE TO BIOFUELS FACILITY

Nowra, New South Wales, Australia – 2 August 2012 – The Algae.Tec advanced engineered algae to biofuels facility Shoalhaven One was officially opened today by the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP.

A VIP crowd including executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives attended the official ceremony at Nowra south of Sydney.

Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) is an advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system. The showcase facility is connected into the Manildra Group waste carbon dioxide, which is used in the algae growth process.

To officially commission the facility, Minister Hartcher activated the hi-tech lighting system that delivers the Algae.Tec super yield capabilities.

More images available at www.algaetec.com.au under News/Image Gallery.

http://algaetec.com.au/news-room/image-gallery/media/image-gallery/shoalhaven-one-launch/

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and Australia energy security at a time when traditional fossil fuel companies are leaving the local market.

“Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia.”

Algae.Tec announced that leading inspection, verification, testing and certification services company SGS will now undertake the third party yield validation process.

Algae.Tec has recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec also has projects with Holcim Lanka, joint venture discussions in China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in NSW, Brazil and the United States.

 

 

About Algae.Tec  www.algaetec.com.au

 

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia.

 

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

 

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

 

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture.

 

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

 

NSW Minister for Resources and Energy to open Australian Showcase Facility


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.

Algae.Tec appoints veteran aviation project engineer for global biofuels commercialisation program

Perth, Western Australia/Atlanta, Georgia – 5 June 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scaleable algae growth and harvesting system today announced the appointment of Colin McGregor as General Manager Project Operations.

McGregor, an award winning project manager and manufacturing engineer, with over 20 years aviation experience in both the defense and commercial sectors, recently heading up a Fuel Efficiency Program for a major international carrier.

McGregor is a multiple award recipient from the Australian Institute of Project Management.

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec was extremely pleased to have McGregor on board.

“His project engineering, fuel and biofuels experience plus his aviation background means he is the right person to roll out our global projects,” said Stroud.

“Algae.Tec is focused on the large-scale production of transport biofuels, and McGregor will bring deep knowledge and experience in delivering for this sector.”

McGregor said he chose Algae.Tec among the many biofuels offerings because it has a truly commercial, scalable and viable technology process.

“I have looked at many biofuels companies around the world and Algae.Tec keeps coming up as a leader in this space.”

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).

Stroud has just returned from Brazil where he met with Government and fuel industry leaders about the opportunities for Algae.Tec in this fast growing region.

About Algae.Tec  www.algaetec.com.au

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture and Storage (CCS).

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.