[ad#The Buzz Sponsor Ad]

SEE ALGAE Sells Algae Farm to Brazil’s Grupo JB

June 25, 2012
AlgaeIndustryMagazine.com

SEE ALGAEVienna, Austria-based SEE ALGAE Technology GmbH (SAT), a leading developer of infrastructure for the commercial production of high-quality algae, has announced that it has signed an agreement to supply and install a one hectare “dual-use” algae production plant for Brazil-based Grupo JB (“JB”), one of the country’s leading bioethanol producers. Once operational, this farm will primarily be utilized to produce algae biomass and bioethanol from both natural and genetically modified algae strains. The algae biomass is to be used as a replacement for soybean meal in feed for livestock and fish.

Under the €8 million agreement, SAT will design an algae farm and provide its algae cultivation technology to JB, oversee the farm’s installation, and ensure the farm’s initial productivity.

Separately, SAT has also entered into a joint venture (JV) with Grupo JB to market the Company’s algae production technology in Brazil. The JV, “ALGAS DO BRASIL,” will make use of JB’s extensive commercial contact network to enhance SAT’s marketing efforts. ALGAS DO BRASIL will be 63% owned by SAT and 37% owned by JB.

“We are truly proud to have Grupo JB as not only the first commercial customer for our micro-algae production technology, but also as a strategic marketing partner,” said Dr. Joachim Grill, CEO of SEE ALGAE Technology. “We believe that this marks a significant step forward in the evolution of our Company and validates both our exclusive technology and the commercial viability of algae, especially for use in feed and biofuels. With Grupo JB as our strategic partner in Brazil, we expect to take a leadership position in this exciting technology.”

Go to HOME Page

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
Phys.org reports that, in collaboration with the Berlin, Germany LED manufacturer FutureLED, scientists at the Technische Universität München have developed a unique comb...
Much of the development of the algae industry in 2014 was driven by domestic and international alliances, partnerships, and mergers that brought complementary skills and ...
West Chester, Pennsylvania-based International Sustainability Group, Inc., an innovative green technology and sustainable manufacturing company, has entered the algae mar...
In an age where customer input is as easy as a click, OriginOil has tapped directly into its intended market to R&D their next generation algae harvester -- with a de...
Researchers Greg O’Neil of Western Washington University and Chris Reddy of Woods Hole Oceanographic Institution (WHOI), have exploited an unusual and untapped class of c...
Caroline Scott-Thomas reports on Food Navigator about an online algae discussion on the social media site Reddit where Mars' chief agricultural officer Howard-Yana Shapir...
Developing renewable fuel from wet algae is one of the latest innovations Richland, Washington-based Pacific Northwest National Laboratory (PNNL) has successfully driven ...
Kailua Kona, Hawaii-based Cyanotech has announced financial results for the third quarter and first nine months of fiscal year 2015, ended December 31, 2014. For the thir...
James Goodman writes in the democratandchronicle.com about Jeffrey Lodge, an associate professor of biological sciences at Rochester Institute of Technology, who knows wh...
Cellana, Inc., with operations in San Diego and Kailua-Kona, Hawaii, has announced that David Anton, Ph.D., has been appointed Chief Operating Officer and elected to the ...
As one of the most water-poor countries in the world, Jordan’s current water resources are significantly below the global water scarcity line. Annual rainfall falls under...
The European (FP7) algae project Sustainable PoLymers from Algae Sugars and Hydrocarbons (SPLASH) has been developing a platform technology for the conversion of third ge...
Sami Zaatari writes for the Middle East’s Gulf News that Abu Dhabi’s coastal sabkhas – the Arabic phonetic translation for salt flats – hold great potential for solar pow...
Five years ago, on April 20, 2010, an explosion on the Deepwater Horizon rig caused a release of 200 million gallons of oil into the Gulf of Mexico before the well was ca...
Algae.Tec has announced a collaboration agreement for the commercialization of its algae production technology with Larimar Energy SRL, of the Dominican Republic. The ene...