Visit  cricatalyst.com!Nexus — Leaders in Greenhouse Systems Integration Check out more of The Buzz

Algae.Tec Planning to Raise $600 Million by 2015

September 25, 2012
AlgaeIndustryMagazine.com

algaeteclogo300Bloomberg News is reporting that Algae.Tec Ltd., Australian-based producer of algae cultivation systems, is planning to raise as much as $600 million to build up to six algal fuel production factories by 2015, in Brazil, Sri Lanka, Australia and the U.S.

“We will be using different project finance structures for all of these projects and they’ll all be roughly $100 million,” Chairman Roger Stroud told Bloomberg by phone from Sao Paulo.

Algae.Tec on Sept. 19 disclosed it was working with Lufthansa, Europe’s second-biggest airline, to build a factory in the south of the region, and expected to begin producing fuel in early 2015. The airline will contribute to funding for the project and buy at least half of the fuel produced at an agreed price.

Algae.Tec declined to disclose the expected cost of the European development, saying it was subject to a feasibility study. The company also began talks with Brazilian partners to build one or two factories in the country, Stroud said.

The company is also studying the possibility of a plant in Sri Lanka, as part of its joint venture with a unit of Holcim Ltd., and is “far along” in feasibility studies for sites in the southwestern U.S. and Australia.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
In the 1970s, following the regrouping of small farms into large production centers, the Soviet Union was experiencing serious problems with epidemics of cancer and low p...
Natural Algae Astaxanthin manufacturers Fuji Chemical Industry Co Ltd., Algatechnologies Ltd. and Cyanotech Corporation have announced that they will form the “Natural Al...
OriginOil Inc. has announced a collaboration with Israel’s AquaGreen Fish Farms, Ltd. to further streamline their zero-discharge aquaculture systems for the production of...
Heliae, SCHOTT North America and Arizona State University (ASU) have announced a partnership to bring Heliae’s algae production technology to ASU’s algae testbed facility...
Natural carotenoid specialists Piveg Inc., with production facilities based in Celaya, Central Mexico, has announced immediate availability of natural astaxanthin materia...
University of Adelaide researchers are using nanotechnology and the fossils of diatoms to develop a novel chemical-free and resistance-free way of protecting stored grain...
Scientists at the Energy Department’s National Renewable Energy Laboratory (NREL) have demonstrated that just two of six iron-sulfur-containing ferredoxins in a represent...
Biomass abounds on Earth, as forests, fields, sewage and seaweed. But only a small fraction, mostly human or agricultural waste, can be harvested without posing environme...
Libourne, France-based Fermentalg, an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, has completed a su...
As the number of photobioreactors in an algae growing operation increases, there is a need for both autonomous control and monitoring of individual PBRs, as well as centr...
Students from three Arizona universities will demonstrate their algae research projects at an Innovation Showcase May 1, in Arizona State University’s Sun Devil Fitness C...
Yereth Rosen reports in the Anchorage Daily News that scientists at North Carolina State University’s Plants for Human Health Institute have found extremely high levels o...
A series of articles by Stephen Mayfield and the UCSD Laboratory deserve recognition for their articles on algae-based medicines for malaria and cancer. Mayfield and his ...
By sending algae into space, a U.S. Department of Agriculture (USDA) scientist and his team will be able to study some of the key mechanisms that control plant growth and...
The Algae Biomass Organization (ABO) released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed June 2, 20...
A new, outdoor system at the University of Dayton Research Institute has been producing a high volume of algae since its installation in the summer of 2013, even through ...
Four years after the first optimistic calculations, the experimental cultivation of algae at Wageningen University in the Netherlands appears to be meeting expectations. ...
Jamie Radford writes in the Illawarra Mercury that Pia Winberg, from the University of Wollongong, believes that the South Coast of New South Wales, Australia (NSW) is in...