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USA investors back algae oil energy

Venture Beat reports that VCs are bullish in 2011 when it comes to cleantech IPOs, especially with regard to algae oil and solar companies.

Asked about the cleantech IPOs market, venture capitalist Nat Goldhaber of Claremont Creek Ventures says he’s expecting 2011 to be a good year for more public offerings in cleantech.

Venture capitalist Alan Salzman of VantagePoint, who has backed Tesla and BrightSource, is also betting 2011 will be a good year for cleantech deals. He told Reuters that he believes IPOs this year will come from utility-scale solar power plants, algae oils, smart grid components and thin-film solar panel makers (many companies in this space have recently received funding and are planning to build factories).

“You’re going to see much more of an active pipeline,” Salzman said. “You will see five to 10 significant, multibillion dollar IPOs in the U.S. this year, and as many meaningful acquisitions.”

Biodiesel Magazine: the story behind Algae.Tec

Biodiesel Magazine interviews Roger Stroud, executive chairman of Algae.Tec on the company’s ASX listing.

“Some people ask us why we didn’t go see a venture capitalist…We thought a better way to go would be to share it with a lot of shareholders rather than one group that just had a lot of money.”

The article highlights the fact that Algae.Tec is currently one of the only cleantech companies to list on the ASX, and describes the company’s technology which was created by Roger Stroud and his colleague Earl McConchie, a former Dow Chemical Co. senior executive.

“[The System] uses a synthetic material shaped in a honeycomb pattern within the container that creates a more sufficient surface area to grow algae. The containers also allow for algae growth deep within the containers and, according to the firm, uses one-tenth of the land compared to the open-pond method.” The system uses 40-foot shipping containers with a solar light feed.

Development of the demonstration plant has started and is set to be in production by the end of 2011.

“Any shareholder coming in now is coming in at the early stage of the total development, and, as they say, the early bird gets the worm,” said Stroud.

Read full article: www.biodieselmagazine.com

Oilgae: features Algae.Tec’s McConchie-Stroud System

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

Eco Friendly Mag: Algae.Tec creating “valuable sustainable bio-fuels”

Eco Friendly Mag, recently published an article on Algae.Tec and its listing on the ASX:

“Algae.Tec Limited, an Australian biofuels company with what it calls a highly-efficient algae growth and harvesting system (the McConchie-Stroud System), recently listed on the Australian Stock Exchange.”

The article also features Roger Stroud, Executive Chairman of Algae.Tec, explaining what the system is designed to do:

“[The system] produces valuable sustainable bio-fuels, including biodiesel and bio-jet fuels…The technology can also capture CO2 emissions from power stations and manufacturing facilities which feed into the algae growth system.”

Eco Friendly Mag summarised the current relationships and agreements Algae.Tec has with China and Australia as well as the MOU with Leighton Contractors “ for engineering and project management expertise.”

The article details the advanced technologies that are utilised with solar energy to produce the algae:

“The McConchie-Stroud System uses low-maintenance technologies and an efficient solar system to produce algae in one-tenth of the land surface as compared to the current pond method for producing algae.”

Read the full article here: www.ecofriendlymag.com

Advanced Biofuels USA: Algae.Tec first algae company in the world to list on a main board

Advanced Biofuels USA has published an article on Algae.Tec and its success in being the first Algae company in the world to list on a main stock exchange board:

“Algae.Tec Limited (ASX: AEB) an advanced biofuels company with a pioneering highly-efficient algae growth and harvesting system (the McConchie-Stroud System) is listing on the ASX today at 10am WST today. The McConchie-Stroud System uses low-maintenance technologies and a highly efficient solar system to produce algae in one-tenth of the land surface as compared to the current pond method for producing algae”.

The article goes on to explain Algae.Tec’s relationship with local and overseas companies:

“Algae.Tec has two MOU’s to deploy the technology in China and Australia. Additionally, the company has an MOU with Leighton Contractors for engineering and project management expertise. The first demonstration plant is planned for The Manildra Group’s Nowra facility in NSW”.

The article also summarises the purpose and efficiency of the McConchie-Stroud System:

“[The system utilizes] low-maintenance technologies and a highly efficient solar system to produce algae in one-tenth of the land surface as compared to the current pond method for producing algae. The system is also designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for bio fuel production”.

The article ends by exploring the core elements of the algae production technology, photo-bioreactors, which are designed to generate four different revenue streams:

“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”.

This article has also been published, in the  San Francisco Chronicle and Yahoo News