[ad#The Buzz Sponsor Ad]

Australia’s AAT Strikes $100M Algae Deal with China

August 24, 2012
AlgaeIndustryMagazine.com

Advanced Algal TechnologiesAustralian-owned Advanced Algal Technologies (AAT), a bio-technology company specializing in algae cultivation and production, has signed a joint venture agreement with Chinese company Fuzhou Xiangli Enterprise Management Consulting Co. consisting of a 20-year license to produce 500 patented Algae Farming Conveyor Modular Systems per year.

The $100 million dollars invested into the Australian Joint Venture company will establish the Chinese manufacturing facilities to produce the modular systems, which will be placed in areas where carbon dioxide emissions are at their highest levels in China.

“China is reported to be the world’s 4th largest carbon dioxide emitter,” said Kevin Murphy, CEO, AAT. Our modulars will not only produce algae for many health and science benefits, but will have a major benefit to the environment. The plan is that the modulars will be placed next to major manufacturing companies in China, which will benefit the companies, allowing them to produce more products over time due to a reduction in their carbon dioxide emissions – and benefit the environment at the same time.”

The AAT conveyor system produces high oil content algae for use in bio-diesel production and algae-based high protein products, in an insulated modular temperature-controlled environment. The modular uses a unique PVC fabric on a belt that is designed to maintain moisture and increase surface area for mass algae cultivation. The system will sequester 7.5 tons of carbon dioxide per day during the growth of the algae.

Under these conditions, according to AAT, algae can double in mass every twenty-four hours and grow at a density of 400 grams per square meter, per day. The algae are then easily harvested, with the removal of algae directly from the growing fabric surface.

“The principle of our technology is simple,” said Joseph Takacs, chief engineer at AAT. “Advanced Algal Technologies approach to the Algae Farming Conveyor Modular system gives us the ability to have complete control over the cultivation stage and its environment for a maximum algae yield. Carbon dioxide emissions can be put into good use and every by-product of the conveyor system offers real, tangible benefits.”

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 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
William Tucker writes in fullfreedom.org about the lure the oceans have for advocates of biofuel, particularly in Scandinavia. “Two-thirds of the globe is covered with wa...
Phys.org reports that, in collaboration with the Berlin, Germany LED manufacturer FutureLED, scientists at the Technische Universität München have developed a unique comb...
A U.S. Department of Energy (DOE) Biomass Energy Technologies Office (BETO) project, awarded to Cal Poly (California Polytechnic State University) in collaboration with M...
Jeff Gelski writes in foodbusinessnews.net that algae oil is now in the toolbox of alternative oils shown to replace partially hydrogenated oils (PHOs), which cause trans...
Sami Zaatari writes for the Middle East’s Gulf News that Abu Dhabi’s coastal sabkhas – the Arabic phonetic translation for salt flats – hold great potential for solar pow...
Scientists from the J. Craig Venter Institute (JCVI), a not-for-profit genomic research organization in La Jolla, California, have published a paper outlining new synthet...
While aquafarmers in Maine have been harvesting seaweed for nearly 80 years, for a variety of uses and products, in recent years wild harvests have not been able to meet ...
Algiran, an Iranian algal biotech company, has recently established a pilot scale algal cultivation demonstration facility at the Chabahar Free Zone, in the Baluchistan P...
Jessie Rack reports for NPR that demand for plant protein of all types is growing in concert with the growing interest in the U.S. to reduce meat consumption. People, fro...
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...
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...
Karen Phillips writes for deeperblue.com that algae are the alveoli in the ocean lungs of our planet, vitally important to the health of the seas as home, food source, sa...