Algae.Tec’s (ASX: AEB) first photo-bioreactor module has been shipped from the Algae Development and Manufacturing Centre in Atlanta, Georgia in the United States and is headed for Australian shores.
The enclosed modular technology captures carbon dioxide waste from power stations and manufacturing facilities, which feeds into the algae growth system.
Executive chairman Roger Stroud said the first shipment is a massive step for Algae.Tec. “The algae photo-bioreactors will take a carbon dioxide feed from the ethanol fermenters into the algae growth system and show the scalability and commerciality of our technology,” he said.
“These bioreactors will be in production towards the end of the first quarter next year.”
This shipment is one of five that will be delivered over the next few weeks for the Shoalhaven One Australian showcase facility at Nowra, south of Sydney.
In October, Algae.Tec announced that Shoalhaven One had been granted development approval under the Shoalhaven City Council Environment Planning and Assessment Act.
The demonstration facility will be located next to the nation’s largest ethanol producer Manildra Group’s industrial facility.
The photo-bioreactors are assembled at the Algae Development & Manufacturing Centre, the company's U.S. headquarters, an 18,200 square foot fabrication facility.
Earlier this month Algae.Tec received a significant boost for its technology following the Australian Government’s announcement of a price on carbon, which should spur on carbon dioxide emitters to seek out clean energy and carbon capture solutions.
Stroud said Algae.Tec offers a solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies.
“Algae.Tec is one of few advanced biofuels companies globally with an enclosed modular engineered technology designed to grow algae on an industrial scale and produce biofuels that replace predominantly imported fossil fuels for transportation use,” he said.
The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to produce algae biomass in virtually any environment.
The system is designed to deliver the highest yield of algae per hectare and, importantly, does not require the use of food producing land for biofuel production.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/22523/algaetec-ships-first-photo-bioreactor-aims-for-first-production-in-early-2012-22523.html
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