Tuesday, April 17th, 2012 - Algae.Tec
Perth, Western Australia/Atlanta, Georgia – 13 April 2012 - Australian algae to transport fuels company Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) today congratulated Qantas on its first biofuels flight.

Algae.Tec Executive Chairman, Roger Stroud, congratulates Qantas on its historic biofuel test flight between Sydney and Adelaide, using biofuel derived from used cooking oil and produced by Dutch company SkyNRG.

“This is a very welcome demonstration of the potential for biofuels to transform the way our transport industries use renewable and sustainable fuel.”

“In the near future, the Flying Kangaroo could be powered by Australian aviation biofuels produced from Australian algae, grown right here,” said Stroud.

Algae.Tec is not a food to energy procedure, and hence has cost, sustainability and scale advantages.

Algae.Tec has biofuels projects underway at Shoalhaven in New South Wales, and in Sri Lanka as well as a joint venture project in China.

Mr Stroud said Algae.Tec also has an MOU with Lufthansa – one of the largest airlines in the world – for the development of aviation biofuel.

Algae.Tec Ltd, a public listed Australian company, has developed a high-yield enclosed algae growth and harvesting system that can grow algae on an industrial scale and produce biofuels that replace predominantly imported fossil fuels.

The Algae.Tec technology delivers sustainable and renewable fuels and captures carbon dioxide from sources such as power stations as the feedstock for the algae growth.

For images please go to: http://algaetec.com.au/news-room/image-gallery/

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Algae.Tec


Algae.Tec Ltd, founded in 2007, is an Australian advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec enclosed modular engineered technology is designed to grow non-GMO algae on an industrial scale, and produce biofuels that replace predominantly imported fossil fuels.

The technology has demonstrated exceptional performance in productivity, product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.

Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to Carbon Capture and Storage (CCS).

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production.
Susan Fitzpatrick-Napier
P: +61 2 8006 0424
M: 61280060424
W: www.algae.tec.com

Keywords

biofuels, algae, Qantas, Algae.Tec, sustainable fuel, aviation biofuel

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