Tag: Algae Tec

Gencor Pacific invests $1M in Algae.Tec 

Gencor Pacific invests $1M in Algae.Tec 

July 10, 2016 |

In Australia, Algae.Tec received a $1 million investment from Gencor Pacific, in the form of a secured convertible note with an exercise price of $0.10c, a premium of 100% over the current trading price, with a term of 18 months and an interest rate of 10% per annum. Algae.Tec recently announced the signing of a […]

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Evolva, Wageningen and Algae.Tec advance on high-margin bio-opportunities

Evolva, Wageningen and Algae.Tec advance on high-margin bio-opportunities

May 26, 2016 |

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 […]

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Algae.Tec scores new $1.138 million order from Reliance Group

Algae.Tec scores new $1.138 million order from Reliance Group

April 5, 2016 |

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 […]

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Algae.Tec fuels technology arrives for install at monster Reliance refinery in India

Algae.Tec fuels technology arrives for install at monster Reliance refinery in India

July 30, 2015 |

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 […]

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Algae.Tec to expand Georgia algae production facility

Algae.Tec to expand Georgia algae production facility

March 30, 2015 |

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 […]

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Algae.Tec signs with China Finance Strategies to introduce tech to greater China region

Algae.Tec signs with China Finance Strategies to introduce tech to greater China region

January 12, 2015 |

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. […]

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Algae.Tec secures additional investment from existing shareholder

Algae.Tec secures additional investment from existing shareholder

December 22, 2014 |

In Australia, Algae.Tec announced a further subscription agreement with Reliance Industrial Investments and Holdings Limited (RIIHL), its largest partner, to raise A$2.4 million. Algae.Tec has assigned an immediate agreement to raise A$1.4 million via the issue of 20 million shares at A$0.07 per share In addition Algae.Tec is issuing 14,285,714 options to subscribe for shares […]

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Algae’s Secret Investor trims the sails: Reliance re-ups Algenol, Algae.Tec, drops Aurora Algae

Algae’s Secret Investor trims the sails: Reliance re-ups Algenol, Algae.Tec, drops Aurora Algae

August 3, 2014 |

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 […]

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Algae.Tec gets $2.4 million order from new Indian investor

Algae.Tec gets $2.4 million order from new Indian investor

February 25, 2014 |

In Australia, following Reliance’s investment in Algae.Tec announced last month, the first order from an affiliate has been made. The $2.4 million order for technology and technical expertise over the next nine months will be the company’s first project in India. The new facility will be fully funded by Reliance.

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Reliance Industries invests in Algae.Tec

Reliance Industries invests in Algae.Tec

January 20, 2014 |

In Australia, Algae.Tec Limited announced an initial investment of AU$1.5 million by Reliance Industrial Investments and Holdings Limited (RIIHL), with additional investments of AU$1.2 million over the next 2 years.    This relationship also features pilot project agreements for building a 2 barrel per day biofuels facility in India utilising  Algae. Tec’s technology funded by […]

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