As previously stated, this capital raising will be utilised to fund the fast-tracking of commercial projects recently announced.

Algae.Tec Executive Chairman, Roger Stroud, said the Company was extremely pleased with the capital raising.

“This again demonstrates that sophisticated investors are aligned with the need for alternative transport fuel technologies such as the Algae.Tec enclosed algae to biofuels solution,” said Stroud.

“The market is also responding to the recent milestones and commercial deal announcements the Company has signed with major companies in China, Sri Lanka and Europe.”

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Aurora Algae began operations in Karratha mid last year and now has its sights on raising $100 million after hitting the $22 million mark a few months ago.

The $22 million has left the company fully funded until its next expansion phase of harvesting algae-based biomass for products in the nutraceutical, pharmaceutical, aquaculture and renewable energy markets.

The company is looking to raise $100 million from existing and new private investors by mid-year, and is aligning at an IPO later in the year.

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The four grants, totaling $12 million (¥960 million), will be divided between the Japanese and US laboratories. UC Davis’ share will be about $1.5 million over three years, with the possibility of renewal for another two years.

All four projects are based on metabolomics, an approach that uses high-tech analysis to understand all the chemicals involved in a living cell’s metabolism.

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OriginOil, a developer of a technology platform to extract oil from algae, reports that it plans to co-develop an integrated system with the DOE’s INL for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries.

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In Hobbs, in the heart of southeast New Mexico’s oil patch, Massachusetts-based Joule Unlimited Inc. broke ground this fall on a five-acre site that will use concentrating-solar biorefineries to extract ethanol and diesel from bacteria in salt-water mixed with carbon dioxide.

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The United States Patent and Trademark Office issued patent number 8,084,038 to Heliae entitled “Methods of and Systems for Isolating Nutraceutical Products from Algae” on December 27, 2011. Heliae has received a Notice of Allowance from the USPTO for two additional patent applications focused on Heliae’s breakthrough extraction technology. These patents are expected to issue in the first half of February.

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The project will use MicroA’s recently patented PBR technology as the scale-up platform for GlycoMar’s microalgal polysaccharide product development. MicroA will use their pilot scale system to optimise growth conditions for maximum algal polysaccharide production. GlycoMar will optimise downstream processing to maximise recovery of the target product. The project will establish the commercial viability of full-scale production.  Success of the project will be an important milestone for both partner companies and the wider biotechnology and microalgae industries, and will lead to commercialisation as a high value natural skin care ingredient within 3 years.

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The proponents of the initiative plan to develop technology to produce advanced biofuels and high added value chemicals with low emissions of carbon dioxide and low cost, using native giant kelp (Macrocystis pyrifera) farmed in a sustainable manner.

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World Health Energy Holdings, Inc. , a public holding company developing joint venture partnerships for algae production for biodiesel and commercial fish food, announced today the signing of Letter of Intent with Prime Inc., an India Industrial and transport Company, to develop a biodiesel production facility ramping up to 250 acres with a budget of up to 100 million dollars.

The proposed sites for development are in Tamil Nadu and Karnataka, India and will utilize an Algae Enhancement Technology, known as the GB3000 system, used for growing algae for the production of Fish Feed, Proteins and Bio-fuel in the Territory of India. Prime Inc. India’s current clients include: Exon, Shell, General Electric (GE) and Siemens.

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Maersk, based in Denmark, has worked with the Navy for about 30 years. However, the biofuels testing program is the first partnership between the world’s largest commercial container carrier and the Navy’s Naval Sea Systems Command.

Both the Navy and the Maersk Line, which is part of the A.P. Moller – Maersk Group, are on a mission to reduce the environmental impacts of their operations at sea and on land.

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