No Data Available
Algae.Tec Limited (AEB)
is a publicly listed company on the Australian Securities Exchange (ASX).
Algae.Tec is an advanced algae products company focused on commercializing technology that produces algae to manufacture sustainable products including proteins and oils such as biofuel.
Algae.Tec was founded in 2007 with offices in Atlanta, Georgia and Perth, Western Australia. We have a highly experienced global team with over 200 years of technical, professional and business expertise in key energy and environmental industries and core competencies in algae production, biofuel technologies, energy markets, project commercialization and business management.
Algae.Tec has conducted hundreds of laboratory, bench-scale and pilot tests and product trials to-date; assessed competitive algae technologies; and has applied the development phase results to detailed engineering evaluations of commercial plant operations. Collectively, these activities have led to the development of unique proprietary technology and know-how for high efficiency production of microalgae via a novel modular photo-reactor system and improved algae harvesting and product refinement technologies.
Their algae technology has demonstrated exceptional performance, providing step-change improvements in productivity, product yield, carbon dioxide sequestration, plant footprint requirements and substantial capital/cost savings versus agricultural crops and other competitive algae processes in the industry.
Algae.Tec has strategic partnerships with; the Manildra Group, Lufthansa, Holcim Lanka Ltd and the Shandong Kerui Group Holding Ltd.
Approximately 1,000 algae species studied show as potential for biofuels, meeting the general requirements for algae production. More specifically fewer than 100 are being actively researched. These algae species one primarily unicellular or diatom microalgae, producing either:
- High carbohydrate (sugar) compositions most suitable for ethanol production, or
- High lipid (fats/oils) compositions most suitable for production of biodiesel, or
- High hydrocarbon compositions most suitable for production of renewable distillates.
Algae.Tec’s primary focus has been directed toward microalgae as the most efficient photosynthesis species for biofuels production. The optimum selection of the algal species for biofuels production depends on the ability to sustain the culture (resilience and reliability); species growth rate; the biomass specific contents of lipids, carbohydrates and proteins (combined productivity); and the overall supporting photosynthesis environment. Algae.tec has identified several suitable microalgae.
Benefits of Algae
Current trends in higher oil prices, continuing escalation of fossil fuel consumption, the depletion rate, advances in technology development and governments’ increased focus on global warming and renewable fuels have attracted new interest in algae as a potentially rich source of sustainable biofuels.
Since 2006 there has been an explosion in government, university and private-sector industry interest in algae as a renewable fuel. This is manifested in the form of millions of dollars of investment in research programs.
The Benefits of Algae as a renewable fuel source are significant
- Represents the most efficient and fastest production cycle for converting solar energy and carbon dioxide into renewable and sustainable fuels.
- Effectively sequesters today’s atmospheric carbon dioxide, favorably balances greenhouse gas production and reduces the long-term impact of global warming.
- Produces orders of magnitude more oil and hydrocarbons per land mass than any terrestrial crop, and can be cultivated virtually anywhere.
- Hydrocarbons derived from algae production can be used to produce renewable biofuels for direct substitution of fossil fuels, reducing dependence on external supply.
- Non-competition with traditional food crops for fuel production, providing a long-term sustainable fuel source not derived from food source vegetable oils.
- Provides environmental solutions for recovery of toxic stackgas pollutants and remediation of polluted water streams.
- Biofuels derived from algae provide a significant reduction in vehicular exhaust emissions versus standard fossil fuels (gasoline and diesel fuel)
The above benefits highlight the primary drivers and provide the basis for Algae.Tec’s business strategy.
The Algae.Tec Technology
Photosynthesis is a biochemical process, during which algae absorbs light energy from sunlight and carbon dioxide from the atmosphere or a industrial (e.g. stackgas) source; utilizes water and critical nutrients (nitrogen, phosphorous and other key nutrients); and undergoes multiple step light and dark phase reactions to biologically produce primarily lipids (fats and oils), carbohydrates (sugars) and proteins subsequently generating oxygen off-gas.
The fundamentals of algae production and the downstream conversion to renewable fuels are relatively "old" chemistries, but the optimal path to feasible commercialization does require step-changes in system design and process innovation for economic viability.
The Algae.Tec system combines closed control of algae production within an engineered modular environment and efficient downstream biofuel processing.
100 Railway Road, Subiaco
+61 8 9380 6790
Fax: +61 8 9381 9161
The General Overview, Services, Products and Projects information for this profile was last edited on 02 Feb 2016.