[ad#The Buzz Sponsor Ad]
Heliae Breaks Ground for Commercial Demonstration Facility
May 21, 2012
eliae, a Gilbert, AZ-based algae technology company founded in 2008, broke ground Friday, May 18, on a commercial demonstration facility that will showcase the scalability and economics of their proprietary algae technology platform. The new facility comprises 20 acres, adjacent to Heliae’s headquarters.
“Over the last two years, we have made significant strides in research and development to create a comprehensive algae technology solution,” said Dan Simon, president and CEO of Heliae. “Today, we ‘walk the talk’ as we roll-out and prove the technology that will allow our partners to grow, harvest, and extract algae on a commercial scale.”
The new cultivation and processing facility will extend Heliae’s mission to develop best practices and innovative solutions in the technology and methodology for the precision farming of algae for functional foods, animal feeds, fuels, chemicals, pharmaceutical, and cosmetics.
“This is a critical step for Heliae and the algae industry,” said Frank Mars, co-founder and chairman of the board of Heliae. “Harnessing the full value of algae will help generations overcome constraints in soil fertility, animal and fish feeds, human nutrition and health, and sustainable transportation fuels. Today, Heliae takes the world a step closer to realizing this potential.”
The new site will be constructed in phases over the next 18 months. With the recent investment from the Salim Group, one of the largest diversified agri-food conglomerates in Southeast Asia, Heliae is positioning to expand beyond North America and deploy sites throughout the Asia Pacific region. Over the next few years, their plans are to build several additional facilities across the globe.
Additionally at the ground-breaking, Heliae announced the sale of its first barrel of algae-based jet fuel to its partner SkyNRG. This transaction marked a milestone in the partnership with a long-term objective of producing sustainable jet fuel from algae.
For more information, visit www.Heliae.com.