Algae.Tec approved for $12.8 reimbursement for algae bioreactor facilities

Isabel Lane | January 13, 2013

In Australia, Algae.Tec has been approved for a $12.8m refund on development expenditures for the financial years 2012 to 2015, representing a 45% reimbursement on a $28.48m investment in three algae bioreactor facilities in Australia, Asia, and the U.S. Expenditure to the additional budget will also be eligible for further funding grants through the R&D Tax Incentives program.