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
U.S. farmers and biofuels makers are watching for the Environmental Protection Agency’s (EPA’s) final decision on the 2014 Renewable Fuel Standard rules, which will set t...
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...
With their new CO₂ processing-platform called AstaCos, AlgaeBiotech can produce waxy particles of only 50-100 µm in size with a loading of 25% astaxanthin oleoresin. The ...
A team of Michigan State University algae researchers have discovered a cellular "snooze button" that has the potential to improve biofuel production and offer ...
Solazyme, Inc. and Versalis, the chemical subsidiary of Eni S.p.A., one of the world’s largest oil and gas companies, today announced a partnership to expand the commerci...
Iran-based Qeshm Microalgae Biorefinery Co. (QMAB) has launched a biofuel being marketed as BAYA®, produced from a species of Nannochloropsis (strain 6016) isolated from ...
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...
Cyanobacteria, also known as blue-green algae because of their color, have endured for more than 2.5 billion years, providing ample time to adapt to changes in the Earth'...
Allan Koay writes in thestar.com about a Universiti Malaya research project paving the way for the commercial production of paper pulp and bioethanol from seaweed. The Al...
West Chester, Pennsylvania-based International Sustainability Group, Inc., an innovative green technology and sustainable manufacturing company, has entered the algae mar...
Designboom.com is showcasing the “Spirulina Fountain” designed by bureau A. The installation constitutes a hybrid, fusing the production basins of the intense blue-green ...