Algae International Group announces new carbon credit initiative

In Texas, Algae International Group announced a new initiative to explore and capitalize on the creation of carbon credits at their pioneering bio-fuels and feedstock plant in California. This initiative is based upon the volume of pure carbon dioxide consumed during the growth stages of the Algae to Bio Fuel process (termed InSym ™ for Industrial Symbiosis).

The basis is that these credits will be traded for cash and become a cash asset on the balance sheet, and thus should bolster investor confidence that as a company we will always carry significant assets which can then be used for future growth and expansion, mitigating any need to borrow in order to replicate this pioneering project on any or all of the many of other sites we have been approached by globally, on which to establish out algae to bio fuel system.”