[ad#The Buzz Sponsor Ad]

Algaetech to break ground on new plant

October 24, 2013
AlgaeIndustryMagazine.com

Algaetech’s current Production Center at Technology Park Malaysia

Algaetech’s current Production Center at Technology Park Malaysia

kdropcapsuala Lumpur, Malaysia-based Algaetech International Sdn Bhd (Algaetech) has announced that a groundbreaking ceremony will be held on Monday, October 28, for the launch of their Haematococcus Pluvialis Cultivation, Production and Bio-Processing Plant. The ceremony at Algaetech’s current Production Center, located at Technology Park Malaysia (TPM,) marks the company’s milestone achievement in obtaining a 3-acre land lease from TPM to construct the 3.5-ton monthly output, 120,000 sq. ft., closed-system facility.

Algaetech has embarked on a RM27 million (~$8.5million USD) project to become one of the largest producers of Haematococcus Pluvialis biomass in the region. Since 2006, Algaetech’s main research focus has been Haematococcus Pluvialis, the microalgae that produces the super antioxidant Astaxanthin. Algaetech markets Astaxanthin through its brand “Astaxanthin Premia-EX.”

The company has developed its own technology, AIMsys™ (Algae Integrated Management System,) a beginning-to-end process for the cultivation, harvesting and processing of the microalgae.

algaeteclogoAlgaetech has already secured full off-takers for the entire production by well-known Astaxanthin marketers around the globe. Dato’ Paduka Syed Isa Syed Alwi, Managing Director and founder of the company since 2004, is currently also looking at expansion in Brunei and other countries. “With support from the government and Berjaya’s participation in Algaetech, we are now in pole position to turn the algae industry into a reality in Malaysia,” he said.

Algaetech also secured a RM20 million (~$6.3million USD) project financing from Malaysia Debt Ventures Berhad, in August, 2013, which will contribute to the estimated project cost.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted 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
A new $1 million relationship between Michigan State University and ExxonMobil will expand research in the fundamental science to advance algae-based fuels. Dr. David Kra...
Tel Aviv, Israel-based UniVerve Ltd. has begun scaling-up its technological process for algae cultivation. The oil, which can be extracted with off-the-shelf wet extracti...
The Symbiosis Center in Denmark is exploring the industrial potential of microalgae, reports EUobserver's Regional Focus magazine. Using CO2 and light to produce valuable...
Hannah Osborne writes in the International Business Times that algae has been genetically engineered to kill cancer cells without harming healthy cells. The algae nanopar...
The U.S. Department of Energy (DOE) has awarded Arizona State University (ASU) a three-year, $1 million grant to fund the Atmospheric Carbon Dioxide Capture and Membrane ...
Bloomberg reports that ANA Holdings Inc., Japan’s largest airline, plans to use a Euglena Co. biofuel made from algae. ANA will use a mix of about 10 percent of the algae...
Ewen Callaway writes in the jounal Nature that restrictions on harvests and exports of Gelidium seaweed in Morocco have affected the global supply of the lab reagent agar...
While researchers have long suspected that climate change will lead to stronger and more frequent algal blooms, a new fusion of climate models and watershed models has pr...
Students of algal research, including it's various applications and business models, have increasing opportunities to get quickly up to speed in many aspects of the rapid...
Nevele, Belgium-based TomAlgae is developing freeze-dried microalgae for feed in shrimp hatcheries. The company has created its own microalgal “cultivar” and manufactures...
Flint Michigan’s water supply was switched from Lake Huron to the Flint River in 2014. The Flint is so notoriously dirty that some locals call it the Filth River. The cha...
Kailua Kona-based Cyanotech Corporation announced financial results for the third quarter and first nine months of fiscal year 2016, ended December 31, 2015. For the thir...