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