The Australian company, Advanced Algal Technologies, has signed a $us100 million joint venture agreement with China’s Fuzhou Xiangli Enterprise Management Consulting to use Advanced Algal’s patented conveyor system of algae farming.
The company’s algae cultivation process will be used to help reduce carbon dioxide emissions in manufacturing plants in China. The agreement provides a license to build 500 modular conveyor units a year for 20 years.
The Sydney company says its conveyor system allows algae to double in mass every twenty-four hours – a growth rate which it says surpasses all other current commercial processes. The harvested algae can be used as biofuel, animal feed, high-protein food products for human consumption or pharmaceuticals.
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Algae: The Green Crude
It's one solution to help reduce dependence on foreign oil
and create new green jobs.
Algae oil is renewable, does not affect the food channel and consumes CO2. It's one solution to help reduce dependence on foreign oil and create new green jobs.
The National Algae Association, a 501(c)6, is the first algae trade association algae farmers. Algae oil can be made into jet fuel, biodiesel, biogasoline and bioplastics. Algae biomass can be made into many different co-products such as nutraceuticals, pharmaceuticals, cosmetics and organic fertilizer.
Algae production plants are scaling-up production. The algae industry is quickly moving technologies out of the lab and into commercial-scale algae production. Don't miss out on the opportunity to be involved in this emerging industry!
National Algae Association
4747 Research Forest Drive, Suite 180
The Woodlands, TX 77381
936-321-1125
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