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
One of 12 winners of the 2014 Lexus Design Award, the Ooho algae balloon was created by three London-based designers to contribute a solution to the rising number of plas...
Students from three Arizona universities will demonstrate their algae research projects at an Innovation Showcase May 1, in Arizona State University’s Sun Devil Fitness C...
“Proterro has reached its Q1 sugar-production pilot milestones,” CEO Kef Kasdin reported at the recent Advanced Biofuels Leadership Conference, in Washington, D.C. “In fo...
Santa Fe Community College has been awarded a $50,000, SEED Infrastructure Grant from the Experimental Program to Stimulate Competitive Research (EPSCoR), for commercial ...
Although the use of whole microalgae in animal diets has long been studied, the 
de-fatted biomass of microalgal species, derived from biofuel production research, has on...
In Phys.Org, Yu Yonehara notes the breakthrough research from the Tokyo Institute of Technology on the connection between early marine algae and the development of terres...
The Algae Biomass Organization (ABO) released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed June 2, 20...
Kazuaki Nagata reports from Japan that while the Fukushima nuclear disaster has prompted vigorous discussion about alternative energy in Japan, there is a lack of a paral...
Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivati...
A recent discovery in the multicellular green alga, Volvox carteri,has revealed the origin of male and female sexes, showing how they evolved from a more primitive mating...
Biofuels derived from the oils produced by algae may offer a low-cost sustainable alternative to fossil fuels. To achieve this goal, optimization of cost effective strate...
In an effort to propel the algae industry forward, the Algae Testbed Public Private Partnership (ATP3) offers a series of hands-on specialized workshops suited for partic...
Using a combination of satellite imagery and laboratory experiments, researchers have evidence showing that viruses infecting those algae are driving the life-and-death d...
Portuguese cement facility, Secil, and microalgae biotechnology company, A4F, also based in Portugal, have formed AlgaFarm, a joint venture to develop the use of cement f...
Researchers at the Paul Scherer Institute (PSI) in Wädenswil, Switzerland, have succeeded in producing energy-rich gas from microalgae, and in doing so have demonstrated ...
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 ...
Algix, parent company of Solaplast, will be inaugurating their algae-to-plastic facility in Meridian, Mississippi, on November 14, 2014. Solaplast's facility will be focu...
Renewable fuels company Muradel has launched Australia’s first integrated demonstration plant to sustainably convert algae into green crude, as a first step towards a com...