Algae.Tec Limited (ASX:AEB) (OTCMKTS:ALGXY), founded in 2007, is a specialist algae producer, focused on developing technology that captures waste carbon dioxide to produce commercial quantities of algae for use in the food and fuel sectors.
Algae.Tec has carried out in excess of six years of laboratory, bench-scale and pilot tests and product trials to-date; assessed competitive algae technologies; and has applied the development phase results to detailed engineering evaluations of commercial plant operations. Collectively, these activities have led to the development of unique proprietary technology and know-how for high efficiency production and harvesting of algae.
Algae.Tec's algae technology has demonstrated exceptional performance, providing step-change improvements in productivity, product yield, carbon dioxide sequestration, plant footprint requirements and substantial capital/cost savings versus agricultural crops and other competitive algae processes in the industry.
Algae and its byproducts can be used for many applications including nutraceuticals, personal products such as soap and face cream, protein food sources plus bio-polymers and fuels.
