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Algae.Tec has announced in a Press Release, that it has mandated Patersons Securities Limited (‘Patersons’) to raise A$5,000,000 via the issue of 12.5 million shares (‘Placement Shares’) at an Issue Price of $0.40 per Placement Share to sophisticated and professional investors. This capital raising of A$5,000,000 via a Placement will marginally increase the Company’s shareholder base [...]
In a very recent Press Release, Australia-based algae company Algae.Tec has announced that it has signed an MOU with the Chinese company Shandong Kerui Group Holding Ltd. for building the first algae biofuels and carbon capture facility in China. Press Release Perth, Western Australia/Atlanta, Georgia – 18 January 2012 – Algae.Tec Ltd. today announced it has signed [...]
Algae.Tec has expanded its Algae Development & Manufacturing Centre in the US in order to equip itself for commercial scale production. The facility, in Atlanta, Georgia, has increased almost fourfold to 6,500 m2, from about 1,650 m2. The increased capacity will make the company undertake more commercial scale projects. The Centre is Algae.Tec’s alga-to-transport fuel [...]
In a press release, Georgia-based Algae.Tec Ltd, an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system has announced that Algae.Tec Ltd and the major European airline Lufthansa have signed a Memorandum of Understanding to jointly evaluate the potential for algae oil from Algae.Tec’s bio-reactors to be developed into a sustainable [...]
According to Algae.Tec, the introduction of a price on carbon by the Australian Government in its Clean Energy Future (CEF) package, would accelerate uptake of the Algae.Tec technology by carbon dioxide emitting industries. Here is a Press Release by the company in this regard. AUSTRALIAN PRICE ON CARBON TO ACCELERATE UPTAKE OF ALGAE.TEC TECHNOLOGY Perth, [...]
Australia-based Algae.Tec Ltd. has formed a collaboration contract with the Manildra Group to construct a demonstration-scale algae production facility at its 100 MMgy ethanol plant in Nowra, Australia. Here is a Press Release from Algae.Tec on the collaboration contract. ADVANCED RENEWABLE OIL TECHNOLOGY COMPANY ALGAE.TEC AND MANILDRA GROUP SIGN COLLABORATION CONTRACT FOR DEMONSTRATION PLANT Perth, [...]
Algae.Tec Limited (ASX: AEB) an advanced biofuels company with a high-yield enclosed algae growth and harvesting system has been accepted to list on the Frankfurt Stock Exchange (FWB). Algae.Tec was founded in 2008 and has offices in Atlanta, Georgia and Perth, Western Australia. Algae.Tec has conducted hundreds of laboratory, bench-scale tests and product trials to-date; [...]
Algae.tec Limited, which has secured the exclusive global rights to a pioneering highly-efficient algae growth and harvesting system that produces algal products such as algal oil and biomass announced two MOUs deploy the algae technology in China and Australia. Algae.Tec is currently undertaking an Initial Public Offering by way of a prospectus dated 16 July [...]
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