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
Hammenhög, Sweden-based agribusiness Simris Alg has announced the launch of its first consumer products. The algae farmers’ exclusive omega-3 supplements and superfoods w...
Brian Krassenstein, writing in 3Dprint.com, goes deeper into the recent paper in Engineering in Life Sciences journal discussing the impact 3D bioprinting will have in th...
K. S. Rajgopal writes in thehindu.com about a new study that demonstrates how macroalgal biomass from Gelidiella acerosa and Gracilaria dura collected from Adri and Verav...
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...
John O’Renick, in this insightful piece from the Portland (Oregon) Tribune, writes about the problems we create from treating waste streams as garbage to be disposed of i...
There are around 4500 dairy farms in Victoria, Australia, according to Business Victoria. Together they produced about 86 per cent of Australia’s dairy product exports, w...
Rich McEachran writes in the Guardian that, in the process of surfacing a road, layers of asphalt – which is composed mostly of bitumen (a byproduct of crude oil distilla...
The fully automated plant at the Fraunhofer Center for Chemical-Biotechnological Processes CBP in Leuna, Germany, was designed to produce microalgae at industrial scale. ...
Joule has announced the issuance of a patent on the direct, continuous production of hydrocarbon fuels — extending its ability to target the highest-value molecules of th...
EnAlgae researchers have published an economic model to help to explore the economics of cultivating macroalgae at sea. The model and report can be found here as outputs ...
Earthrise Nutritionals, a wholly owned subsidiary of Tokyo, Japan’s DIC Corporation, is on schedule to complete construction in August, 2015, of a new extraction plant fo...
OriginClear Inc. and partner AlgEternal have announced that, based on AlgEternal’s field tests, they believe their pure algae concentrate, harvested with OriginClear tech...
In Japan, the Algae Biomass Energy System Development Research Center, headed by Professor Makoto Watanabe, was established at the University of Tsukuba on July 1. The ne...
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...
Using a newly devised technique, researchers at the Scottish Association for Marine Science (SAMS) have examined microalgae strains in the Culture Collection of Algae and...