[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
For plants and algae that carry on photosynthesis, light can be too much of a good thing. On a bright, sunny day, a plant might only be able to utilize 20 percent or less...
Jason Smith reports for undercurrentnews that Kentucky-based Alltech is willing to invest in overseas algae production plants closer to its feed customers if demand for i...
Haley Gray reports for 5280.com that Upslope Brewing Company, in Boulder, Colorado, is one step closer to its goal of becoming a zero-waste brewery. The craft beer maker ...
Cellana, Inc., a leading developer of algae-based products for sustainable nutrition and energy applications, and PIVEG, Inc., a leader in high-specification ingredients ...
In one of the most comprehensive studies to date, University of North Carolina at Chapel Hill researchers have sequenced the genes of a harmful algal bloom, unveiling nev...
Discovering which algae species is best suited to make biofuel is no small task. Researchers have tried to evaluate algae in test tubes, but often find lab results don’t ...