Last updated on April 24, 2014 at 17:35 EDT

NSW Minister for Resources and Energy to Open Algae.Tec Algae to Biofuels Global Showcase Facility in Australia

June 19, 2012

PERTH, Australia and ATLANTA, June 20, 2012 /PRNewswire-Asia/ — Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system today announced the algae to biofuels showcase facility Shoalhaven One will be officially opened on 2 August 2012.

Algae.Tec is pleased to announce the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP will officially open the facility south of Sydney in New South Wales, Australia.

Algae.Tec Executive Chairman, Roger Stroud said, “The Company was very pleased to have the Minister for Resources and Energy from the most populous state in Australia opening the facility.”

The showcase commissioning was currently underway and the official opening of the facility would mark the production of algae oil for biofuels.

Algae.Tec recently announced the appointment of Sydney-based aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec has biofuel projects underway with Lufthansa, Holcim Lanka, a joint venture in China, a showcase facility in Australia and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in Brazil and the United States.

About Algae.Tec www.algaetec.com.au

Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture and Storage (CCS).

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.

Media contact:

Australia: +61-2-8006-0424
USA: +1-650-798-5238

SOURCE Algae.Tec

Source: PR Newswire