Perth, Western Australia/Atlanta, Georgia – 6 February 2012 – Algae.Tec Ltd (ASX:AEB, FWB:GZA:GR, ALGXY:US) (‘Algae.Tec’) Executive Chairman Roger Stroud has been appointed as a member of the Advisory Board for the Fuels and Energy Technology Institute at Curtin University of Technology in Perth.
Minister for Resources and Energy, Martin Ferguson formally launched the Fuels and Energy Technology Institute last week, which was followed by the Board’s first meeting.
In a press release from the Minister’s office, Minister Ferguson said: “Advanced biofuels have a wide range of applications, in everything from aviation and shipping to electricity generation.”
“Australia is well placed to capitalise on the opportunities on offer and facilities like these at Curtin University will help us do that,” said the Minister.
Mr Stroud said he was honoured to be contributing to the Institute’s work as a Board Member.
“This Institute has demonstrated that biofuels have Government and private investment support, which is critical for driving research through to commercialisation in this fast growing sector.”
Algae.Tec is a renewable and sustainable algae to fuel oil company that uses enclosed modular photo bio-reactors for high-yield low-cost algae oil production.
About Algae.Tec www.algaetec.com.au
Algae.Tec, founded in 2007, is a publicly listed advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.
The Algae.Tec enclosed modular engineered technology is designed to grow algae on an industrial scale and produce biofuels that replace predominantly imported fossil fuels.
The technology has demonstrated exceptional performance in product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.
About Fuels and Energy Technology Institute (FETI) http://energy.curtin.edu.au/
Fuels and Energy Technology Institute (FETI), has over fifty researchers and an array of advanced facilities and analytical instruments, the Institute aims to be a centre of excellence in the field of energy science and engineering in the world.
The research activities in the Centre cover both fossil fuels and renewable energy technologies, supported by the fundings from the Australia federal government, WA state government and industry partners as well as the University.
The fundamental elements of the Institute’s role are to carry out basic and applied research in energy and fuel conversions to develop advanced technologies that address national needs for fuels and energy and to transfer them to the commercial sector.
Minister for Resources and Energy, Martin Ferguson formally launched the Fuels and Energy Technology Institute last week, which was followed by the Board’s first meeting.
In a press release from the Minister’s office, Minister Ferguson said: “Advanced biofuels have a wide range of applications, in everything from aviation and shipping to electricity generation.”
“Australia is well placed to capitalise on the opportunities on offer and facilities like these at Curtin University will help us do that,” said the Minister.
Mr Stroud said he was honoured to be contributing to the Institute’s work as a Board Member.
“This Institute has demonstrated that biofuels have Government and private investment support, which is critical for driving research through to commercialisation in this fast growing sector.”
Algae.Tec is a renewable and sustainable algae to fuel oil company that uses enclosed modular photo bio-reactors for high-yield low-cost algae oil production.
About Algae.Tec www.algaetec.com.au
Algae.Tec, founded in 2007, is a publicly listed advanced renewable oil from algae company that has developed a high-yield enclosed algae growth and harvesting system, the McConchie-Stroud System. The company has offices in Atlanta, Georgia and Perth, Western Australia.
The Algae.Tec enclosed modular engineered technology is designed to grow algae on an industrial scale and produce biofuels that replace predominantly imported fossil fuels.
The technology has demonstrated exceptional performance in product yield, carbon dioxide sequestration, and production unit footprint requirements versus agricultural crops and other competitive algae processes in the industry.
About Fuels and Energy Technology Institute (FETI) http://energy.curtin.edu.au/
Fuels and Energy Technology Institute (FETI), has over fifty researchers and an array of advanced facilities and analytical instruments, the Institute aims to be a centre of excellence in the field of energy science and engineering in the world.
The research activities in the Centre cover both fossil fuels and renewable energy technologies, supported by the fundings from the Australia federal government, WA state government and industry partners as well as the University.
The fundamental elements of the Institute’s role are to carry out basic and applied research in energy and fuel conversions to develop advanced technologies that address national needs for fuels and energy and to transfer them to the commercial sector.
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