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-Toothâ„¢ Dental Stem Cell Banking
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... Jan. 18, 2017 Acupath Laboratories, Inc., a ... formation of an Executive Committee that will guide the ... John Cucci , a 15-year veteran of ... of Business Development to Chief Sales Officer .  ... served in senior sales leadership roles at several leading ...
(Date:1/18/2017)... ... January 18, 2017 , ... Opal Kelly, a ... or PCI Express, announced the ZEM5310 USB 3.0 FPGA Module, combining a SuperSpeed ... business-card sized form factor suitable for prototyping, testing, and production-ready integration. The ZEM5310 ...
(Date:1/18/2017)... , Jan. 18, 2017   Boston Biomedical , ... designed to target cancer stemness pathways, will feature data ... napabucasin, at the 2017 ASCO Gastrointestinal Cancers Symposium, held ... . Napabucasin is an orally-administered investigational ... STAT3. i Cancer stem cells (CSCs) possess the ...
(Date:1/18/2017)... , Jan. 18, 2017   Parent Project ... fight to end Duchenne muscular dystrophy (Duchenne) , ... the New Jersey Institute of Technology (NJIT) and Talem ... exploration of robotic technology to assist people living ... incorporate NJIT,s technology – an embedded computer, software, a ...
Breaking Biology Technology:
(Date:12/16/2016)... , Dec. 16, 2016   IdentyTechSolutions America ... management products and solutions and a cutting-edge manufacturer ... that it is offering seamless, integrated solutions that ... entrance products. The solutions provide IdentyTech,s customers with ... their facilities from crime and theft. ...
(Date:12/15/2016)... --  WaferGen Bio-systems, Inc. (NASDAQ: WGBS ... that on December 13, 2016, it received a letter ... Market LLC which acknowledged that, as of December 12, ... had been at $1.00 or greater for ten consecutive ... Rule 5550(a)(2) of the Nasdaq Stock Market. ...
(Date:12/15/2016)... "Increase in mobile transactions is driving the growth of ... expected to grow from USD 4.03 billion in 2015 ... of 29.3% between 2016 and 2022. The market is ... smart devices, government initiatives, and increasing penetration of e-commerce ... to grow at a high rate during the forecast ...
Breaking Biology News(10 mins):