Press Release – 21. Aug. 2012 – Australian-owned Advanced Algal Technologies, has signed the first of many expected major exporting deals, for $100 Million dollars. Advanced Algal Technologies (AAT) is an Australian-owned biotechnology company that specialises in algae cultivation and production. With the implementation of Carbon Tax in Australia this could never have come at a better time. It is a clear example on how to utilize Australian grown cultivation to provide many beneficial resources, with a major resource being the potential reduction in carbon dioxide emissions.
AAT has signed a joint venture agreement with Chinese company Fuzhou Xiangli Enterprise Management Consulting Co. consisting of a 20 year license agreement to produce 500 patented Algae Farming Conveyor Modular Systems per year. The $100 million dollars invested into the Australian Joint Venture company will establish the Chinese manufacturing facilities to produce the modular system which will be specifically placed in areas where carbon dioxide emissions are at their highest levels in China.
“China is reported to be the world’s 4th largest Carbon Dioxide emitter. Our modular’s will not only produce algae for many health and science benefits, but will have a major benefit to the environment. The plan is that the modular’s will be placed next to major manufacturing companies in China, which will benefit the companies allowing them to produce more products over time, due to a reduction in their Carbon Dioxide emissions and benefit the environment at the same time.” Says Kevin Murphy, CEO, AAT.
The conveyor system produces high oil content algae for use in bio-diesel production and algae-based high protein products in an insulated modular and temperature-controlled atmosphere for algae cultivation. The system eliminates any unwanted effects from external sources. The modular is environmentally controlled 24-7, uses a unique PVC fabric on a belt that is designed to maintain moisture and increase surface area for mass algae cultivation and has superseded the more commonly-known method of growing algae – open ponds, whilst producing perfect algae continuously. The modular system will sequester 7.5 tons of carbon dioxide per day during the growth of the algae.
Under these ideal conditions, algae can double in mass every twenty-four hours. This highly innovative system allows for algae to grow at a density of 400grams per square meter, per day. The algae are then easily harvested, with the removal of algae direct from the growing fabric surface.
Kevin Murphy, CEO at AAT said “we are amazed with what we have developed. A product that benefits the environmental, health, animal feed, pharmaceuticals and fuel industries, all in one!”
He continued “This new technology has been developed and tested to provide a ‘state of the art’ method of high algal production for conversion into bio-diesel, high protein animal feed stocks, high quality pharmaceuticals and consumption of carbon dioxide from industries and power generation plants in a much more affordable manner.”
Joseph Takacs, chief engineer at AAT added, “The principle of our technology is simple. Algae cultivation in a pond system is a fundamentally basic technology – as it is still subject to external conditions such as weather, pollutants and wildlife. Advanced Algal Technologies approach to the Algae Farming Conveyor Modular system is a massive leap forward as for the first time ever; it gives us the ability to have complete control over the cultivation stage and its environment for a maximum algae yield. Carbon dioxide emissions can now be put into good use and every by-product of the conveyor system offers real, tangible benefits.”
With China wanting to reduce their carbon dioxide emissions, Fuzhou Xiangli Enterprise Management Consulting Co. have signed what one could say, one of the most important deals for the future of China’s manufacturing industries, whilst turning the tables and exporting from Australia
Source: Advanced Algal Technologies