Algae.Tec (AEB)

Shares / Stock Code

AEB

Stock Exchange / Sharemarket

ax

Algae.Tec (AEB) is an advanced biofuels company focused on commercializing technology that produces algae to manufacture sustainable fuels such as bio diesel and green jet fuel. It was founded in 2008 with offices in Atlanta, Georgia and Perth, Western Australia. It was listed on the Australian Stock Market (ASX) on 13 January, 2011.

The company's vision is to make a definitive impact on the energy and environmental challenges of the world by creating and implementing long-term value-added, renewable and sustainable energy solutions for their customers. They have a highly experienced global team with over 200 years of technical, professional and business expertise in key energy and environmental industries and core competencies in biofuel technologies, energy markets, project commercialization and business management.

Algae.Tec 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. Collectively, these activities have led to the development of unique proprietary technology and know-how for high efficiency production of microalgae via a novel modular photo-reactor system and improved algae harvesting and product refinement technologies.

The company's algae technology has demonstrated exceptional performance, providing step-change improvements in productivity, product yield, carbon dioxide sequestration, plant footprint requirements and substantial capital/cost savings versus agricultural crops and other competitive algae processes in the industry.

The term “algae” is used to refer to a diverse group of aquatic, estuarine and marine plant organisms, which range in size from microscopic (microalgae) to many meters in length. There are more than 30,000 fresh water and salt water species of algae. Approximately 1,000 algae species studied show as potential for biofuels, meeting the general requirements for algae production. More specifically fewer than 100 are being actively researched. These algae species one primarily unicellular or diatom microalgae, producing either:

• High carbohydrate (sugar) compositions most suitable for ethanol production
• High lipid (fats/oils) compositions most suitable for production of biodiesel
• High hydrocarbon compositions most suitable for production of renewable distillates

Algae.Tec’s primary focus has been directed toward microalgae as the most efficient photosynthesis species for biofuels production. The optimum selection of the algal species for biofuels production depends on the ability to sustain the culture (resilience and reliability); species growth rate; the biomass specific contents of lipids, carbohydrates and proteins (combined productivity); and the overall supporting photosynthesis environment. Algae.tec has identified several suitable microalgae.