Holcim Lanka and Algae.Tec Launch First Biofuels Production Facility in Asia

(Algae.Tec) Algae.Tec Limited an advanced algae to biofuels company with a high-yield enclosed algae growth and harvesting system announced today it had signed a collaboration contract to build its first algae biofuels production facility in Asia.

The facility will be built in Sri Lanka in conjunction with Holcim Lanka Ltd, a cement and building materials company.

Algae.Tec offers a compelling carbon capture solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies.

Holcim Lanka was attracted to the Algae.Tec solution as a way of reducing its carbon footprint by channelling waste carbon dioxide into the algae growth system, and generating valuable biofuel at below market cost.

The biofuels production facility will initially comprise a production plant of five photo-bioreactor modules. This plant will allow Holcim to evaluate the benefits of capturing more of the waste carbon dioxide in a much larger facility. It is expected that the Algae.Tec technology could be rolled out at other sites.

Holcim Lanka CEO Mr Huber said: “The Algae.Tec facility is designed to reduce the cement manufacturing carbon dioxide emissions with an off-take into the algae growth system”.

“We look forward to working with Algae.Tec on this exciting development that is aligned with our focus on sustainability and a commitment to the environment,” Mr Huber said.

“Algae.Tec has a truly innovative technology backed by an expert international engineering team.”

Algae.Tec Executive Chairman Roger Stroud said Algae.Tec was very pleased to be involved with such a significant global company that clearly attaches great importance to sustainable development at an economic, ecological and social level.

The photo-bioreactor modules are assembled at the company’s USA facility, the Algae Development & Manufacturing Centre in Atlanta, Georgia.

“Algae.Tec is an advanced biofuels company with an enclosed modular engineered technology designed to grow algae on an industrial scale and produce biofuels that replace predominantly imported fossil fuels for transportation use,” said Stroud.

The Algae.Tec solution is less than one tenth the land footprint of pond growth options, while its enclosed module system is designed to produce algae biomass in virtually any environment on the planet.

The enclosed modular system is designed to deliver the highest yield of algae per hectare, and solves the problem of food-producing land being turned over for biofuel production. READ MORE and MORE (ProactiveInvestors) and MORE (Automotive Industries)