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 […]
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 […]
Algae.Tec and Macquarie Power Group sign landmark algae biofuels pact. What makes this deal different? To find out more, the Digest spoke with Algae.Tec chairman Roger Stroud In Australia, Algae.Tec announced this week that it has signed a deal with Australia’s largest power company to site an algae carbon capture and biofuels production facility alongside […]
In the UK, Algae.Tec plans to sell $200 million worth of bonds in Europe to fund the construction of two algae biodiesel plants—one in Texas and one in Brazil. It expects to open the bond offering within the next month and close by mid-year, while feasibility studies for the projects are expected to begin this […]
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 […]
