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ALGAE.TEC EXPANDS USA COMMERCIAL PRODUCTION FACILITY FOR ASIA AND EU PROJECTS

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01/17/2012 | 02:49am CEST

Perth, Western Australia/Atlanta, Georgia - 11 January 2012 - 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 announced today the expansion of its Algae Development & Manufacturing Centre in Atlanta, Georgia to accommodate commercial production programs.

The Atlanta facility has now increased almost four fold from 18,000 sq ft to 70,000 sq ft to scale-up production line capability for existing and upcoming commercial projects.

The centre is the Company's algae-to-transport fuel development and manufacturing hub for the USA, Asia and Europe.

Last month Algae.Tec signed a biofuels MOU with the European airline Lufthansa, and announced a biofuels production and carbon capture deal with the Sri Lanka subsidiary of industrial giant Holcim, the world's largest cement and building materials company.

Algae.Tec Executive Chairman Roger Stroud said the Algae Development & Manufacturing Centre teamhad recently shipped its first algae bioreactors to the Australian Shoalhaven One biofuels production and carbon capture facility south of Sydney.

"Algae.Tec is the only advanced biofuels company specifically focussed on the global transport fuel industry, using an industrial-scale enclosed, modular and engineered algae growth technology to produce biofuels that replace predominantly imported fossil fuels," said Stroud.

"Algae.Tec also offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies."

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, founded in 2007, is a publicly listed 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 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

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