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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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 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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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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Marine Arctic & Antarctic Technologies Inc. is one of 10 startups that made the shortlist of the Nova Scotia Clean Tech Open, Innovacorp announced Wednesday.

The competition’s goal is to assist a clean technology company in getting established in the province.

Marine Arctic & Antarctic Technologies is developing technology to mass produce micro-algae for use in biofuel and other products.

“It’s like slop,” CEO Mather Carscallen said of the raw material during an interview.

“Some of it smells bad. Some of it doesn’t. It’s pretty much every different smell, shape, colour you could ever imagine.”

The algae would be incubated in a bioreactor that could vary in size and designed to be cost effective, he said.

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Government-owned power corporation Stanwell will trial the clean energy technology developed by James Cook University at its coal-fired plant at Kingaroy, in southeast Queensland.

The trial involves trapping carbon emissions from the power station and pumping them into water which is used solely to grow algae.

Because of the high concentration of Co2, the algae doubles in mass every one to two days and in vast quantities it can be used to produce either bio-diesel or cattle feed.

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Both current methods of producing bioethanol, reducing carbon dioxide or the enzymatic hydrolysis of cellulose or lignocellulose, are onerous. In this context, the acetate-to-ethanol reduction has shown to be a promising source of economically viable bioethanol. Many works consider that obtaining ethanol from acetate would be excessively onerous due to the cost of separating acetate present in wastewaters.

There is, however, an abundant natural source of acetate that has been neglected in this discussion: chitin. Acetate is abundantly present in chitin, the second most abundant natural polymer in nature (by cellulose only). The obtention of acetate from chitin can take place in a simple way, through the alkaline or acidic hydrolysis of this polymer.

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The Development Council was contracted by the U.S. Department of Agriculture Forest Service to complete an economic development asset map and a strategic plan for southeast Alaska. “The map and plan would focus on actions to strengthen select industry sectors in the region, such as fishing, tourism and timber,” according to JEDC.

Previously, the Southeast Alaska Ocean Products Working Group identified their 10 action initiatives between Jan. and May of this year.

The group discusses ways to develop region-wide mariculture zoning, increase wild salmon production through habitat restoration, develop a sea otter management program in southeast Alaska, establish a marine industry technology and workforce improvement consortium, include the seafood industry in USDA programs, enhance salmon production, study the conversion of southeast Alaska fish byproduct to biogas and fertilizer through anaerobic digestion, further develop renewable energy, protect long term access to fishery resources and ensure southeast’s fishing future through targeted education and training in the acquisition and financing of fishing permits, quota and fishery businesses.

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