Worldwide Algae news media outlet Algae News reports on the Algae.Tec and Holcim deal:
Algae.Tec, a company dedicated to the production of renewable oils from algae, as been awarded a contract to build its algae biofuels production facility in Sri Lanka.
Holcim is investing in the plant to reduce its carbon footprint by channeling waste carbon dioxide into the algae growth system. The algae will then be used to produce low-cost biofuel.
“The biofuel production facility will start off with five photo-bioreactor modules but this could be expanded to a much larger facility should Holcim decide the facility is beneficial. The company could also deploy the technology at more of its sites.”
ABC Illawarra Radio Station interviews Roger Stroud on air and posts article online:
“Work is on schedule for the March 2012 opening of the algae production plant in the Shoalhaven.The algae bio-fuel plant will capture the carbon dioxide emissions from the Manildra plant in Nowra and use it to grow algae. The algae can then be used a number of different ways as a biofuel.”
Proactive Investors: Algae.Tec ships first photo-bioreactor, aims for biofuel production at Shoalhaven One in early 2012
Proactive Investors reported on the first module shipment from USA:
Algae.Tec’s (ASX: AEB) first photo-bioreactor module has been shipped from the Algae Development and Manufacturing Centre in Atlanta, Georgia in the United States and is headed for Australian shores.
The enclosed modular technology captures carbon dioxide waste from power stations and manufacturing facilities, which feeds into the algae growth system.
Executive chairman Roger Stroud said the first shipment is a massive step for Algae.Tec. “The algae photo-bioreactors will take a carbon dioxide feed from the ethanol fermenters into the algae growth system and show the scalability and commerciality of our technology,” he said.
Agra-Europe has published a new article for subscribers: ‘Scientists tout algae as biofuel energy solution’.
“Biodiesel made from algae could help meet Britain’s growing renewable energy needs, but only if the country can also end its reliance on fossil fuel power stations, according to Professor Sir David King, a former government Chief Scientist”.
The extract can be read online.
The article features quotes extracted from the report that examines the potential of algae growth within the cleantech space:
“Manager of Carbon Futures, Paul Graham says if fuels can be developed from algae, then power stations are an ideal source.”
“The exciting thing about algae is that it doesn’t need particularly clean water and there’s a fairly wide temperature that’s acceptable for the water as well.”
“They need to be located near a concentrated source of carbon dioxide so that’s something that could be located in the Hunter valley where we’ve got a high concentration of power stations.”
Read the full article here: www.abc.net.au
The Australian has drawn attention to a recent study that shows how establishing an Australian sustainable bio-derived fuel industry is viable, but will need government and industry support:
“‘We have enough biomass and assuming reasonable development of the technology, and the expected oil price movement, that will actually be an economically viable option,’ the director of CSIRO’s Energy Transformed Flagship, Alex Wonhas, said at the study’s launch in Sydney yesterday.”
The article explains that the biofuel industry has the potential to create 12,000 jobs, reduce reliance on fuel imports by $2bn a year, and decrease the greenhouse gas emissions of the aviation industry by 17 per cent.
The study found feedstocks to be utilised would include non-food biomass sources such as crop stubble, forestry residues, municipal waste and algae.
“Airlines have proved that biofuels can be used safely in existing aircraft and have benefits over conventional jet fuel. Qantas already has feasibility studies running with two US biofuel companies.”
Read the full article here: www.theaustralian.com.au
Biofuels Digest has reported on Algae.Tec, this time focusing on its new Development & Manufacturing Centre in Atlanta, Georgia. The article also mentions that the company “announced it had appointed the Bank of New York Mellon to commence the establishment of a Level 1 American Depository Receipt Program.”
Thomas Saidak’s report concludes by explaining Algae.Tec’s enclosed modular system, which is designed to “capture carbon pollution from power stations and manufacturing facilities to produce biofuels including biodiesel and jet biofuels”.
Biodiesel Magazine has reported on Alagae.Tec’s recent listing on the FWB and the company’s advanced photo-bioreactor system.
The report says:
Roger Stroud, Executive Chairman of Algae.Tec believes that this listing exposes the company to the most significant sustainable energy market in the world.
It details the difference between Algae.Tec’s McConchie-Stroud system and the alternative open pond method of growing algae. “The amount of area required [for the open pond method] and the lack of control in terms of growth was determined to be prohibitively challenging.” In contrast, Algae.Tec has developed a highly efficient closed photo-bioreactor system using 40-foot shipping containers.
View full article here: www.biodieselmagazine.com
Oilgae published an article yesterday featuring the Algae.Tec McConchie-Stroud system that is designed to produce renewable fuels, including biodiesel and bio-jet fuels.
“Oils which can be refined into biodiesel; carbohydrates (sugars) that can be used in the production of ethanol; proteins that can be used as feedstock for farm animals; and protein and carbohydrate biomass that can be combined to produce jet fuel.”
The article also summarises the relationships Algae.Tec has with overseas and local companies, including MOU’s with China, and Leighton Contractors in Australia.
The article says the technology is efficient, low-maintenance, and use up only one-tenth of the land surface as contrasted to the current pond method used to produce algae, and discusses Algae.Tec’s successful listing on the ASX.
Read the full article here: www.oilgae.com
View the live interview here: www.youtube.com/algaetec
Executive Chairman Roger Stroud was interviewed on Sky Business News about Algae.Tec, its share price performance since the listing, and plans for the future
Explain the product Algae.Tec is developing:We’ve been working for about 7 years, working with and growing micro algae, which is a unicellular plant. It is the smallest plant that can grow. It’s also a synthetic plant that needs light to grow, and it has the potential to grow fast.
How different are the algae you are working with and the algae that people see growing on our swimming pools? In many ways not a lot different; the ones growing on the pools, are green algae and are quite high in sugars, the ones we have selected to use are made up of about 50% oils, 30% sugars, and about %20 proteins. Proportions change depending on the algae. The vegetable oil can be converted to bio-diesel, the sugars can be converted to ethanol, the residual biomass can be pelletized as high protein and fed as animal feed or the biomass itself can be hydro cracked and turned into green jet fuel. There is a lot of utility in the plant.
Are there still trials going on around the world to formulate a type of green jet fuel that will work? As far as green Jet fuel’s concerned, it’s a reality, the science is there. What is the challenge is getting sufficient yields in growing the algae that on price terms can compete with the existing mineral sourced fuels. We are comfortable that we have a solution to that, which includes a 40ft sea container, we have appropriate mechanisms inside, and we have already completed a pilot study in the US, in Atlanta. But the external validation is what we raised the money for.
Where was the technology developed? My partner Earl Macconkey, and I have been involved in the bio-diesel industry for over 10 years. He was the head of the Dow Chemical division for 25 years, so he is steeped with chemical engineering. We met in 2003 in Boston, and realised a sustainable product for bio-fuel is very important.
Do you need a lot of space to produce algae as a fuel? No we don’t. That’s one of the advantages. We need our light collectors. But in terms of actual space required, in comparison to the pond method, we are on about a thousandth of a footprint. So its actually quite discreet and it doesn’t matter what type of land it’s developed on.
What has happened for Algae.Tec since its listing on the ASX? I am delighted to say that we listed on 24c and now we are on 28c. So we are holding our own very nicely. I guess one could say shareholders to date have a 25% gain on their investment. And at the moment we have 560 or so shareholders. And we are looking forward to significant fresh announcements as time goes by.
Back to the IPO, how much money did you raise and what exactly will these funds go towards? We raised $5.1 million and we are very happy with that sum. The funds will be applied as per the prospectus. The majority of the funds will be applied to developing the modules and allocating them to the demonstration facility down at the Minildra site just above Nowra. That process will take approximately 12 months to get the modules up and going and hopefully are getting pretty close to complete validation at that particular time. Coincidentally we will be complying to the appropriate authorities to get approval for a commercialised arrangement, in other words, a commercial plant of some 200-250 modules and that will include EPA approval, government approval and so on.
When will the test plant be finished? In terms of erection, the latter part of this year. It shouldn’t take too long to go through a validation process.
For those who may not be familiar, please explain the McConchie-Stroud system. The McConchie-Stroud system is an engineering solution to growing a plant, which is the micro algae. Historically speaking, most solutions being pursued at the moment are, what is called the open pond method, and the open pond method is more of an agricultural scientific solution as opposed to applied engineering. In our particular case we have developed a particular mechanism along with various other additions to create a very small footprint in which we can create the algae. In essence, what we’ve done is to, in all cases, it’s a photosynthetic solution, and so algae needs light. But what we have done is, as opposed to the pond method, which involved taking the system to the light, we’re bringing the light to our system. As a result, we’ve been able to reduce our footprint significantly.
As an advanced bio-fuels company, what are the main challenges what will be facing your business? As in any engineering solution, there are always a certain number of challenges, but as far as the future is concerned, it will not be as much a challenge as a technical procedure, which the engineers will need to develop as we go into large scale commercial. That’s probably the major issue, none of it’s rocket science and we don’t see any of it as insurmountable at all so really the word challenge is not as appropriate as developing a procedure which will always be improved upon, as any industrial process is as we go down the track. This is, as far as we’re concerned, the start of a long journey where we hope to produce many projects in many countries, but we’re in the baby step stage at this point. So the challenges will become often more corporate and procedural as we go down the track and will diminish in terms of any of the engineering issues.As far as the algae industry goes, there is quite a few aspirants in the US mainly the Pond Method. We don’t look at it as competition; we look at it as collaboration – in the sense that it’s good to have an industry to have a few participants in it.
Lastly, what is so compelling about algae as a bio-fuel as far as shareholders and potential shareholders are concerned? We’re at a very interesting stage as far as the world is concerned, in terms of energy. If you look at the oil price over the last decade, as a result of this huge increase in demand for that particular product, which is oil, we will continue to see pressures applied to supplying. It also allows alternative solutions to the pursuit of oil to be adopted and we are one of those alternatives. We think that growing algae is a very sustainable, environmentally friendly, environmentally responsible approach to a solution.
Business News has released an article on Algae.Tec’s IPO and ASX listing:
“Global bio-fuels firm Algae.Tec has been launched on the ASX, with the clean technology firm’s share price edging to 25 cents shortly after listing.”
The article goes on to explain how the growth and harvesting system works:
“ [The system] uses carbon dioxide waste products capable of producing bio-diesel and bio jet fuel…It grows with photosynthesis, and this algae produces three main products, and depending on the algae the proportions change, but it can produce vegetable oil, a protein, or essential amino acids similar to soybean, which is the major protein in stockfeed, and simple sugars.”
Roger Stroud Executive Chairman of Algea.Tec says:
“We are confident that this will be viable within fuel industry costings. The vegetable oils can go to bio diesel, the sugars can go to ethanol and into gasoline.
The article explores the new and growing relationships with overseas and local companies:
“The firm has agreements in place to deploy its technology in Australia and China, and also holds an agreement with Leighton Contractors for engineering and project management expertise.”
Business News ends the article, highlighting Mr Stroud’s future goals:
“Algae.Tec now has offices in Atlanta, Georgia, and Subiaco, and aims to target large carbon dioxide users in Western Australia such as Alcoa and Woodside Petroluem.”
Read the full article here: www.wabusinessnews.com.au