Monday, August 6, 2012

Australia's latest

Shoalhaven OneRoger Stroud and Energy Minister Hartcher
Investor Update
7 August 2012

Nowra, New South Wales, Australia - The Algae.Tec advanced engineered algae to biofuels facility Shoalhaven One was officially opened last week by the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP. (See Algae.Tecwebsite for links to all news reports.) 
ABC News Video
Click to view the ABV TV News Report: Resources and Energy Minister Hartcher and Algae.tec Exec. Chairman Roger Stroud at the Launch.
A VIP crowd including executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives attended the official ceremony at Nowra south of Sydney.
Shoalhaven One
Shoahaven One commissioned. Click the image for the full report in The Australian/Wall Street Journal.
Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) is an advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system. The showcase facility is connected into the Manildra Group waste carbon dioxide, which is used in the algae growth process.

To officially commission the facility, Minister Hartcher activated the hi-tech lighting system that delivers the Algae.Tec super yield capabilities.

Roger Stroud with Pia Winberg
Roger Stroud with Dr Pia Winberg from Wollongong University who has been closely involved in Shoalhaven One. Click image for full report from South Coast Register.
More images available here. 

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec offers NSW and Australia energy security at a time when traditional fossil fuel companies are leaving the local market.

"Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia."

Algae.Tec announced that leading inspection, verification, testing and certification services company SGS will now undertake the third party yield validation process.

Algae.Tec has recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.

Algae.Tec is working with Lufthansa and has projects with Holcim Lanka, joint venture discussions in China, and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in NSW, Brazil and the United States.