Algae.Tec Raises $5 Million
Posted in Biofuels on January 24th, 2012 by News Desk –
Algae.Tec plan schematic
Founded in 2007, Algae.Tec is focused on commercializing technology that produces algae to manufacture sustainable fuels, such as bio diesel and jet fuel.
The publicly listed company that has developed a high-yield enclosed algae growth and harvesting system, which it calls the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.
Algae.Tec reports it 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.
The company says its 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.
Image credit: Algae.Tec
