11 April 2011 10:37 [Source: ICIS news]
By Serena Seng and Tahir Ikram
"We’re looking at early 2014 to have anywhere between one to three [commercial plants], lets’ say small-to-medium sized commercial plants in operation," the company’s executive chairman Roger Stroud told ICIS in an interview.
He said the small-to-medium commercial plants, or photo bioreactors, will have between 250 to 500 shipping containers growing algae in an enclosed environment to capture carbon dioxide and produce biofuels.
Algae, a second generation biofuel, is considered a better option by some environmentalists because it does not directly compete with food cultivation.
Each container can grow up to 250 tonnes of dry algae a year, Stroud added.
As an illustration of the kind of business the company could do, Stroud said hypothetically the company could have 100,000 containers in the
“That, in broad terms, would capture 50m tonnes of carbon dioxide. Which is a lot, and would create a fuel feed – based on the numbers we’ve already discussed – about 25m tonnes.
“I mention that as an example of where this could go over that period of time. We’ll call it a hypothetical example at this stage, or, sorry, we’ll call it a target. A robust target but it’s achievable,” he added.
Algae.Tec, which was listed on the Australian Securities Exchange in January this year and on the Frankfurt Stock Exchange a month later in February, is hoping to start listing its American Depositary Receipts (ADRs) in the
He said the company had chosen six species of algae out of the 60 it had studied to use to produce biofuels and biomass.
Currently, Algae.Tec is manufacturing demonstration modules of its algae-based bioreactors in
Preliminary discussions are being held this week with a German company that is looking into introducing Algae.Tec’s alternative source of energy to the southern part of
According to Stroud
“We don’t want to say that we’re going to change the world in 5 minutes – maybe in 20 years we will, but what we believe we do, we’ll continue to punch above our weight,” Stroud said.
“We’re a small company, but... there’s no reason why we can’t move and contribute to this ever-changing world.”
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|