Navigation Links
SEE ALGAE Technology GmbH Announces Sale of Algae Farm to Brazil's Grupo JB
Date:6/19/2012

VIENNA, June 19, 2012 /PRNewswire/ -- SEE ALGAE Technology GmbH ("SAT" or the "Company"), a leading developer of infrastructure for the commercial production of high-quality algae, announced today that it had signed an agreement to supply and install a 1 hectare "dual-use" algae production plant for Recife, Brazil-based Grupo JB ("JB"), one of the leading bioethanol producers in Brazil. Once operational, this farm will primarily be utilized to produce algae biomass and bioethanol from both natural and genetically modified algae strains. Algae biomass is used as a replacement for soybean meal in feed for livestock and fish. This production process will also yield algae lipids which can be used to make biodiesel and certain biochemicals, among other compounds.

Under the 8 million euro agreement, SAT will design an algae farm and provide its algae cultivation technology to JB, oversee the farm's installation, and ensure the farm's initial productivity.

Separately, SAT has also entered into a joint venture (JV) with Grupo JB to market the Company's algae production technology in Brazil. The JV, "ALGAS DO BRASIL," will make use of JB's extensive commercial contact network to enhance SAT's marketing efforts. ALGAS DO BRASIL will be 63% owned by SAT and 37% owned by JB.

"We are truly proud to have Grupo JB as not only the first commercial customer for our micro-algae production technology, but also as a strategic marketing partner," said Dr. Joachim Grill, CEO of SEE ALGAE Technology. "We believe," he continued, "that this marks a significant step forward in the evolution of our Company and validates both our exclusive technology and the commercial viability of algae, especially for use in feed and biofuels. With Grupo JB as our strategic partner in Brazil, we expect to take a leadership position in this exciting technology."

About SEE ALGAE Technology GmbH

SEE ALGAE Technology GmbH (SAT), based in Vienna, Austria, develops infrastructure for the commercial production of high-quality algae used to manufacture livestock feed, bioethanol and biodiesel fuel.  SAT's proprietary, patented technology is easily scaled to meet customers' needs and has the highest production yield and lowest operating cost of any currently available commercial process.

 

Company Contact:

SEE ALGAE Technology GmbH

Dr. Joachim Grill, CEO

Phone: +43 1 985 9802 0

Email: joachim.grill@seegroup.com

www.seealgae.com


 


'/>"/>
SOURCE SEE ALGAE Technology GmbH
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Algae Farm (USA) Patent Update
2. Synthetic Genomics Inc. Purchases 81 Acre Site in South California Desert for Scale up and Testing of Innovative Algae Strains
3. Algae.Tec Announces Commencement of Australian Advanced Biofuels Facility Commissioning
4. Nucleic Acids Research Journal Publishes Sapphire Energy Peer-Reviewed Research Paper on a Chloroplast Genome From Green Algae
5. DNA Blood Test Detects Cancer Resistance Using Inostics BEAMing Technology
6. Biotechnology and Environmental Protection at this Years ACHEMA
7. Choose New Jersey, Inc. to Tout New Jerseys Life Sciences Hub At Worlds Largest Biotechnology Event
8. Syracuse University researchers use nanotechnology to harness power of fireflies
9. Life Technologies Signs Licensing Agreement with iPS Academia Japan for Global Patent Portfolio Rights to Induced Pluripotent Stem Cell Technology
10. Cohera Medical Awarded Platform Patent on its Biodegradable Adhesive Technology
11. Taking solar technology up a notch
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/22/2016)... , ... May 22, 2016 , ... Doctors in Rome ... combating the asbestos cancer, malignant mesothelioma. Surviving Mesothelioma has just posted an article on ... the University of Rome’s Department of Clinical Sciences and Translational Medicine evaluated more than ...
(Date:5/20/2016)... ... May 20, 2016 , ... The recent recall by ... reported by Food Safety News on May 12, 2016(1), demonstrates the need for faster ... CEO of Baltimore-based biotech firm, PathSensors, Inc. , PathSensor’s latest solution ...
(Date:5/19/2016)... KS (PRWEB) , ... May 19, 2016 , ... ... contract research organization (CRO) has welcomed Abu Siddiqui as Director, Large Molecule & ... and executing biologics, vaccine and translational biomarker discovery studies for preclinical and clinical ...
(Date:5/18/2016)... ... May 18, 2016 , ... Shimadzu Scientific Instruments announces ... of Toledo. This two-day camp will take place annually starting June 2016. It ... pharmaceutical sciences in preparation for a university academic program. , The laboratory- ...
Breaking Biology Technology:
(Date:3/23/2016)... Massachusetts , March 23, 2016 /PRNewswire/ ... im Interesse erhöhter Sicherheit Gesichts- und Stimmerkennung ... Xura, Inc. (NASDAQ: MESG ), ... bekannt, dass das Unternehmen mit SpeechPro zusammenarbeitet, ... aus der Finanzdienstleistungsbranche, wird die Möglichkeit angeboten, ...
(Date:3/21/2016)... , March 22, 2016 ... with passcodes for superior security   ... leading provider of secure digital communications services, today announced ... technology and offer enterprise customers, particularly those in the ... recognition and voice authentication within a mobile app, alongside, ...
(Date:3/15/2016)... 2016 --> --> ... Market Research "Digital Door Lock Systems Market - Global Industry ... the global digital door lock systems market in terms of ... is forecast to grow at a CAGR of 31.8% during ... medium enterprises (MSMEs) across the world and high industrial activity ...
Breaking Biology News(10 mins):