Navigation Links
Algae.Tec Signs MOU with WorleyParsons for Global Project Development Program
Date:3/21/2013

PERTH, Australia, March 21, 2013 /PRNewswire/ -- Algae.Tec (ASX: AEB, OTCQX: ALGXY), ranked by Lux Research as the leading algae biofuels business for 2013, today advised that a Memorandum of Understanding (MOU) has been formed between Algae.Tec and WorleyParsons.

A number of Algae.Tec projects, including those in the EU, USA, Australia and Brazil, are already in the final stages of technical feasibility studies.

This MOU establishes the framework by which WorleyParsons can support Algae.Tec in the future development of these projects.

Algae.Tec Executive Chairman Roger Stroud said:

"Algae.Tec is extremely pleased to have the support of WorleyParsons during this global development, construction and management phase."

"WorleyParsons, a world leader in the delivery of engineering, procurement, and construction management (EPCM) services, brings an extensive network and years of experience in supporting project development and plant operations."

About Algae.Tec www.algae-tec.com

Algae.Tec Ltd, ranked by Lux Research as the leading algae business in 2013, is an Australian advanced renewable oil from algae company.

Algae.Tec has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The Company was founded in 2007 and has offices in Atlanta, Georgia and Perth, Western Australia.

The Algae.Tec bioreactor, an enclosed modular engineered technology, is designed to grow 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.

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.


'/>"/>
SOURCE Algae.Tec
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Algae.Tec Biofuels Technology to Feature at 2012 ILA Berlin Airshow
2. Algae.Tec Announces Commencement of Australian Advanced Biofuels Facility Commissioning
3. Quadrant Engineering Plastic Products Assigns Production of Acetron® GP and Nylon 101 Hex/Square Rods to Atlas Fibre Company
4. Abattis Signs LOI With Crudessence Kombucha Inc. To License Infused, Blended Kombucha Tea
5. Life Technologies Signs License and Collaborative Stem Cell Research Agreement with Harvard University
6. Palomar Medical Center in San Diego County Introduces New Wrist-Worn Wireless Patient Vital Signs Device
7. Aviir Signs Distribution And Expansion Pact Covering 19 Middle Eastern And North African Countries
8. Aviir Signs Distribution and Expansion Pact Covering 19 Middle Eastern and North African Countries
9. Infinata’s BioPharm Insight Signs 200th Media Partner, Inaugurates Advertising Program
10. AMRI Signs Agreement for Exclusive License of its Tubulin Inhibitor Program for Cancer
11. Deborah Morosini, MD Pathologist and Patient Advocate Signs on as Medical Director and Advisory Board Member of Store-A-Tooth™ Dental Stem Cell Banking
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2016)... ... April 28, 2016 , ... Connecticut Innovations ... growing companies, today announced the launch of VentureClash , a $5 million ... , “VentureClash looks to attract the best early-stage companies here in Connecticut, ...
(Date:4/27/2016)... ... 27, 2016 , ... Cambridge Semantics, the leading provider of Smart ... it has been named to The Silicon Review’s “20 Fastest Growing Big Data Companies ... Semantics serves the needs of end users facing some of the most complex data ...
(Date:4/27/2016)... , April 27, 2016 ... NSK) (OTCPink: NSKQB) ( Frankfurt : ... ihre Pressemitteilung vom 13. August 2015 die Genehmigung ... Finanzen um zusätzliche 200.000.000 Einheiten auf 400.000.000 Einheiten ... zu bringen. Davon wurden 157.900.000 Einheiten mit dem ...
(Date:4/27/2016)... ... 2016 , ... PathSensors, Inc., a leading environmental testing company, ... assist PathSensors in expanding the use of the company’s CANARY® technology in the ... for the detection of harmful pathogens, including a number of bacteria, viruses, toxins, ...
Breaking Biology Technology:
(Date:3/22/2016)... , March 22, 2016 ... research report "Electronic Sensors Market for Consumer Industry by ... & Others), Application (Communication & IT, Entertainment, ... - Global Forecast to 2022", published by ... is expected to reach USD 26.76 Billion ...
(Date:3/17/2016)... LONDON , March 17, 2016 ... market intelligence, forecasts the global biometrics market will ... an impressive 118% increase from 2015. Consumer electronics, ... with embedded fingerprint sensors anticipated to reach two ... Dimitrios Pavlakis , Research Analyst ...
(Date:3/14/2016)... , Allemagne, March 14, 2016 ... ) - --> - Renvoi : image ... --> --> ... biométriques, fournit de nouveaux lecteurs d,empreintes digitales pour ... de DERMALOG sera utilisé pour produire des cartes ...
Breaking Biology News(10 mins):