Algae.Tec opens Australian plant

Algae.Tec announced that it will open its biofuel production facility in Australia in April. The company is building another facility at the Holcim cement plant in Sri Lanka. The U.S.-based company focuses on advanced algae-to-biofuels. Algae.Tec commercializes an enclosed modular high-yield (non-GMO) algae-to-biofuels growth system for the production of fuel for transport. The fuel produced by this technology is designed to be a complete drop-in replacement solution, which is both cost competitive and contributes to energy security. The plants in Australia and Sri Lanka will have algae carbon capture and storage systems. (April 5, 2012)