PERTH, Australia and
ATLANTA, June 20, 2012 /PRNewswire-Asia/ -- 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.
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.
Media contact:
DMG PR
TEAM@DMGPR.COM
Australia: +61-2-8006-0424
USA: +1-650-798-5238
SOURCE Algae.Tec
