Algae.Tec Off and Running
by Greg Peel (ninemsn) …Algae.Tec is also in the process of an IPO. However at A$7.5m, Algae.Tec’s issue is hardly one that can be described as exploitative or prematurely opportunistic, and the company’s legally protected intellectual property represents years of research by US-based Tech.Bio LLC. Algae.Tec already runs a small experimental plant, and is simply looking for low-level funding to move to demonstration plant status.
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What sets Algae.Tec’s technology apart is that it exploits a patented system of algae growth not within ponds but within converted shipping containers. Scalability thus becomes modular, and land requirement is reduced by the ability to stack those modules. The closed modules are not exposed to the same problems as open ponds. And, most importantly, the modules are readily transportable. …Closed modules can be stacked adjacent to an emitter (eg a power station)…
The demonstration plant will consist of two or three container modules but if it proves successful the MOU extends to the construction of Algae.Tec’s first commercial plant at the site consisting of some 200-300 containers. READ MORE
