[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
Tel Aviv, Israel-based UniVerve Ltd. has begun scaling-up its technological process for algae cultivation. The oil, which can be extracted with off-the-shelf wet extracti...
The Chesapeake Bay Seed Capital Fund, located in College Park, Maryland, has invested $150,000 into Manta Biofuel LLC, a company that produces crude oil from algae at a c...
Hannah Osborne writes in the International Business Times that algae has been genetically engineered to kill cancer cells without harming healthy cells. The algae nanopar...
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...
Algatechnologies Ltd. has launched its AstaPure® 5% Natural Astaxanthin oleoresin, derived from Haematococcus pluvialis microalgae. This latest addition to the AstaPure f...
While researchers have long suspected that climate change will lead to stronger and more frequent algal blooms, a new fusion of climate models and watershed models has pr...
Students of algal research, including it's various applications and business models, have increasing opportunities to get quickly up to speed in many aspects of the rapid...
I’m an aquanaut teen. I was born in immersion in 2050 in an underwater farm called “Aequorea” off the coast of Rio de Janeiro. Bio-inspired, the farm draws its name from ...
Algae.Tec has announced that it has completed the commissioning and initial startup of an algae production plant to produce algae-based nutraceutical products. The plant ...
Flint Michigan’s water supply was switched from Lake Huron to the Flint River in 2014. The Flint is so notoriously dirty that some locals call it the Filth River. The cha...
Abigail Klein Leichman writes in ISRAEL21c that, in the rush to research algae-based technologies, Israel – as a startup nation itself – is at the forefront of much of th...