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

Algaetech signs financing deal for Haematococcus scale-up

September 3, 2013
AlgaeIndustryMagazine.com

Algaetech

L-R: Engku Husain Hazmi Engku Embong, Vice President, Credit Management Division (MDV), Nizam Mohamed Nadzri, Senior Vice President, Corporate Planning & Communications & Business Division (MDV), Y.Bhg Datuk Md. Zubir Ansori Yahaya, Managing Director/Chief Executive Officer (MDV), Dato’ Paduka Syed Isa Syed Alwi, Founder & Managing Director (AISB), Chock Eng Tah, Director (AISB), Hj. Asmadi Md Said, Director (AISB), Peter Wong Chuan Keat, Director (AISB), Tengku Sharifah Sophia, Project Assistant (AISB)

In line with its vision of becoming a global player in the nutraceutical industry, Algaetech International Sdn Bhd (AISB) has been awarded a project financing facility of RM20 million (~$6 million USD) by Malaysia Debt Ventures Bhd.

Over the past six years, AISB has pursued commercialization of Haematococcus, a microalga from which the super antioxidant, Astaxanthin, is derived. This project financing agreement will facilitate the production of 42 tons/year of Haematococcus biomass.

According to the founder and Managing Director of AISB, Dato’ Paduka Syed Isa Syed Alwi, “Being awarded the facility is a major event that has placed the company on the launch pad to global markets.”

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
AIMPLAS, a Center for Innovation and Technology in Valencia, Spain, and Biofuel Systems, a wholly Spanish-owned firm that has developed a method of breeding plankton and ...
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...
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...
One of 12 winners of the 2014 Lexus Design Award, the Ooho algae balloon was created by three London-based designers to contribute a solution to the rising number of plas...
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...
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...
Santa Fe Community College has been awarded a $50,000, SEED Infrastructure Grant from the Experimental Program to Stimulate Competitive Research (EPSCoR), for commercial ...
Although the use of whole microalgae in animal diets has long been studied, the 
de-fatted biomass of microalgal species, derived from biofuel production research, has on...
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 ...
Gilbert, AZ-based Heliae has announced a partnership with Sincere Corporation, a Japanese waste management and recycling company, to form a joint venture and develop a co...
Algae Industry Magazine is pleased to announce a new Algae 101 series by our popular blogger, Mark Edwards, Professor, Arizona State University. The Algae Solutions to Na...
Starting in the early 70s, agencies in the former USSR invested more than 20,000 person-years of research and development to produce Bio-Algae Concentrates (BAC) that hel...
Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivati...
Steven Mufson reports for the Washington Post that Algenol Biofuels estimates hackers have attempted to break into its computers 39 million times in four months this year...
Biofuels derived from the oils produced by algae may offer a low-cost sustainable alternative to fossil fuels. To achieve this goal, optimization of cost effective strate...