[ad#PhycoBiosciences AIM Interview]

Money

S4CO2 joint ventures with Quinlan for omega-3/astaxanthin enriched oils

June 19, 2013
AlgaeIndustryMagazine.com

S4CO2 partners their BEP system for shrimp waste to high value co-products

S4CO2 partners their BEP system for shrimp waste to high value co-products

Toronto, Ontario-based Solutions4CO2 Inc. (S4CO2) has announced finalizing a joint venture with Quinlan Brothers Ltd. (Quinlan), previously announced by the parties under a Letter of Intent dated March 22, 2013. Quinlan is a Canadian processor of cold water shrimp and snow crab, with its processing facility located at Bay de Verde, Newfoundland and Labrador. The JV will produce high value omega-3/astaxanthin enriched oils from cold water shrimp waste streams using S4CO2′s Bio-Extraction Process™.

Under the terms of the JV, Quinlan will provide the JV with exclusive rights to the Quinlan feedstock under a supply agreement and the JV will seek to secure additional feedstock supply from global sources beginning Q3 2013. S4CO2 will grant all rights and usage of its Bio-Extraction Process™, and all further improvements, to the JV for the purpose of conducting the business on an exclusive, no-fee, basis covering North America. The JV will outsource the majority of the processing of the Quinlan feedstock to toll processors until December 1, 2013, and will negotiate global off-take contracts for the sale of the 2013 products.

The JV will negotiate the toll-processing contract(s) for the 2013 production of the products with such contracts including quality assurance, packaging and labeling based on the off-take agreements. Quinlan and S4CO2 will refer all opportunities that come to its attention where the Bio-Extraction Process™ or the Quinlan Feedstock could be a viable solution exclusively to the JV.

S4CO2 develops innovative waste-gas, water, biomass to high-value co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery™ (IBR) and Bio-Extraction Process™ (BEP). The IBR integrates technologies to convert various organic waste streams into high-value algae co-products. The BEP utilizes supercritical CO2 fluid extraction to extract and fractionate high-value co-products from shrimp by-products.

S4CO2‘s business model allows the company to participate in joint-venture projects with partners across the waste-to-high-value co-product value chain, or sell projects on a design, build, operate and maintain basis. “We are delighted to be partnering with not only one of Canada’s largest shrimp processors, but also a leading innovator in the use of all the components of their shrimp catch,” said Randy Uens, VP Global Sales and Marketing of S4CO2 and President of the JV.

“We are pleased to have entered into this JV with S4CO2. It offers an environmentally friendly revenue stream from our shrimp by-product,” said Robin Quinlan, Vice President of Quinlan Brothers.

More Like This…

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
Arizona is taking advantage of its open land and ample sunshine to assume a leadership position in the algae biofuel field. The state is home to two national algae testbe...
In October 2014 an unusual AlgaePARC research paper entitled Design and construction of the microalgal pilot facility AlgaePARC was published in the Journal of Algal Rese...
Kevin Valine at the Modesto Bee writes that the California city of Modesto may sell the algae that grows in its roughly 1,000 acres of sewer ponds at its Jennings Road wa...
James Goodman writes in the democratandchronicle.com about Jeffrey Lodge, an associate professor of biological sciences at Rochester Institute of Technology, who knows wh...
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...
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...
The Biotechnology Industry Organization (BIO) has named Solazyme CEO and co-founder Jonathan S. Wolfson as the recipient of its 2015 George Washington Carver Award for in...
Studies conducted by EnAlgae partners in Ireland, France and Belgium point the way to seaweed being a viable and sustainable feedstock for the future in North West Europe...
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...
The U.S. Department of Energy (DOE) has awarded Arizona State University (ASU) a three-year, $1 million grant to fund the Atmospheric Carbon Dioxide Capture and Membrane ...
Ewen Callaway writes in the jounal Nature that restrictions on harvests and exports of Gelidium seaweed in Morocco have affected the global supply of the lab reagent agar...
Algaculture, or algae farming, like any form of agriculture, is highly sensitive to fertilizer costs. A major roadblock to commercial algae farming is efficient utilizati...