In Australia, Algae.Tec has finalized its transition away from biofuel production to focus entirely on nutraceuticals and aquafeed, as well as medical marijuana that was discovered to benefit greatly from the catalysts developed for algae production. The shift began in 2013 and finalized with the recent departure of the company’s managing director who was with […]
In Nevada, Australia’s Algae.Tec recently launched the Alganics range of products at the Supply Side West 2016 show — a major nutraceutical ingredient and solutions tradeshow, in conjunction with Algae.Tec major customer Gencor Pacific. The launch coincided with the first delivery of product from Algae.Tec’s upgraded plant to Gencor. Companies in the global dietary supplement, […]
Sweeteners, acrylic, and nutraceuticals led the news at the end of this week, with key announcements out of Evolva, Wageningen and Algae.Tec. Over at Evolva: major patent win on sweeteners In Switzerland, the European Patent Office granted Evolva a patent that the company deemed “pivotal to the commercial expansion of and broader access to the […]
In Australia, Algae.Tec announced it has received increased works orders from its major client, Reliance Group, for the amount of $1.138 million. The orders are for detailed engineering services and the supply of equipment for thelatest innovations in Algae.Tec’s technology and to assist with the completion and commissioning of the pilot algae plant being built in […]
In Australia, Algae.Tec has shipped 7 containers of equipment, including photobioreactor modules and solar light units, on schedule and received in Jamnagar, India for installation within the world’s largest oil refinery, owned and operated by Reliance Industries. Ground works, equipment erection and plant construction are well underway with commissioning of the plant to be completed […]
In Georgia, following successful algae growth trials, Algae.Tec has commenced the expansion of its development and manufacturing facilities in Cumming, Georgia and the building of an initial small scale plant for the production of algae for the nutraceutical market. On completion, scheduled to be within 6 months, it is expected that this initial plant will […]
In China, Algae.Tec has made an agreement with China Finance Strategies Investment Holdings Ltd (“CFS”) under which Algae.Tec will issue an initial US$0.5m convertible bond and, subject to the achievement of certain milestones, will issue US$5m conditional options to CFS, and CFS will introduce Algae.Tec’s technology into the greater China region. Algae.Tec Managing Director Mr. […]
Re-ups investment in Algenol and Algae.Tec, while dropping Aurora Algae, say sources — resulting in shake-ups at Aurora. When it comes to algae, Reliance Industries has been anything but loud in touting its interest in and investments in algae energy R&D. Back in early 2010, a lot of data began to accumulate suggesting that Reliance […]
In China, Australia’s Algae.Tec has signed a binding MOU for a 50/50 equity joint venture (JV) in China with Chinese company the Shandong Kerui Group Holding Ltd. The first project under the JV will be for the construction of a 250-module algae biofuels facility in China to be equally funded by both parties. At the […]
In Sri Lanka, Australia’s Algae.Tec has signed an agreement with a local contractor to build a pilot-scale algae production facility in the country. The facility will include five photo-bioreactor modules to test the viability of larger-scale production.
