Aqua Bio Technology ASA (Oslo Axess: ABT) recently announced its first quarter 2013 financial results. The Company continued its revenue build-up and posted an EBITDA of 3.9 million.
ABT’s revenues were NOK 7.2 million in the first quarter, against NOK 3.4 million in the previous quarter. In the first quarter of 2012 the Company had revenues of NOK 11.9 million, which included sign-on fees for major contracts.
The sales growth is reflected in the NOK 3.9 million EBITDA, which is up from an EBITDA of NOK 0.2 million the previous quarter. The first quarter of 2012 provided EBITDA of NOK 9.6 million.
Aqua Bio Technology ASA (ABT) develops, produces and markets patented ingredients and technologies to the international cosmetic and skin care industry. ABT’s ingredients Aquabeautine XL, Dermaclarine and Beauty Propelline are marine solutions derived from the hatching fluid of salmon, while Oceanx Oil in Serum is based on extract from seaweed.
LCTI Low Carbon Technologies International, which focuses on clean-tech, environmental and energy efficiency sectors has signed a joint venture with US-based Sunthenoil.
The two want to develop a 1,000 acre algae-to-oil project located on a LCTI site using a technology sub-licensed through Sunthenoil from SunEco Energy of California.
Finland-based Neste Oil, the world’s largest producer of renewable diesel, has signed a contingent commercial off-take agreement with Cellana, an algae biomass developer based in San Diego, with production facilities in Hawaii. The agreement will enable Neste Oil to purchase Cellana’s algae oil for use as a feedstock in the future for producing renewable fuel. The agreement is contingent on Cellana’s future production capacity and on compliance with future biofuel legislation in the EU and US, among other factors.
Exxon Mobil Corp. (XOM), which has invested more than $100 million to develop algae-derived biofuels, is refocusing its research with Synthetic Genomics Inc. after almost four years of work failed to produce economically viable results.
A joint project between the National Research Council of Canada (NRC) and industry partners could result in technology to grow algae to be made into several items, including biodiesel, in the heart of the Canadian petroleum industry: oil sands facilities.
The Algal Carbon Conversion Pilot Project, a partnership among the National Research Council of Canada (NRC), Canadian Natural Resources Limited (Canadian Natural) and Pond Biofuels, will result in the construction of a unique, $19 million facility in Alberta.
Chemists have found several compounds that can boost oil production by green microscopic algae, a potential source of biodiesel and other “green” fuels. Microalgae are single-celled organisms that, like green plants, use photosynthesis to capture carbon dioxide and turn it into complex compounds, including oils and lipids. Marine algae species can be raised in saltwater ponds, which means they don’t compete with food crops for land or fresh water.
“They can live in saltwater, they take sunlight and carbon dioxide as a building block, and make these long chains of oil that can be converted to biodiesel,” says Annaliese Franz, assistant professor of chemistry at University of California, Davis, and an author of the paper published in Chemical Biology.
Franz and team screened 83 compounds for their effects on growth and oil production in four strains of microalgae. They identified several that could boost oil production by up to 85 percent, without decreasing growth.
BioProcess Algae Awarded $6.4 Million U.S. Department of Energy Grant to Develop Advanced Drop-in Biofuels for Military Jets and ShipsPosted On: April 26, 2013
BioProcess Algae LLC has been selected to receive a grant of up to $6.4 million from the U.S. Department of Energy (DOE), as part of an innovative pilot-scale biorefinery project related to production of hydrocarbon fuels meeting military specification. The project will use renewable carbon dioxide, lignocellulosic sugars and waste heat through BioProcess Algae’s Grower Harvester(TM) technology platform, co-located with the Green Plains Renewable Energy, Inc., ethanol plant in Shenandoah, Iowa.
Developing a new generation of energy-producing construction components, Grow Energy, of San Diego, California, plans for algae to create clean electricity for residential and commercial structures. Their first system, called Verde, is a technology specifically designed for individual homes. According to the company, Verde employs a clean combustion process to burn algal biomass to create electricity and heat energy, which can significantly offset a property’s utility expenses, if not supplement the entirety of a property’s electricity needs.
The Verde system photobioreactors are algae panels that mount onto a building’s roof or envelope and grow algae by using recycled elements and nutrients in a closed-loop process. Designed to be minimally invasive, the system is compact and meant to be no more intrusive to a home’s aesthetics than solar technology. Grow Energy plans to introduce Verde to the mainstream homeowner market in 2015.
An apartment building in an up and coming section of Hamburg, Germany will attempt to employ the use of millions of microalgae in order to generate some heat. The microalage do this when fed a mixture of liquid nutrients, CO2 and sunlight. The building will not get all of its heat from the microalgae, however. It will have solar and be linked to a bio-methane plant and a network of similar energy-generating buildings.
Called the Bio Intelligence Quotient (BIQ) house, the building will have fifteen separate apartments. Upon hearing that algae will be covering parts of the exterior, it may sound offputting, but they are microscopic and can be attached in a way so they much more resemble green paint than something you see in a pond. These microalgae can produce five times more biomass than land-based plants in addition to the heat they generate. This extra plant matter would have to be collected and converted to biogas away from the residential building though
Read more at http://cleantechnica.com/2013/03/26/algae-covered-walls-to-heat-building/#kt5d52oQGZXMSeKW.99
SeaQuarius LLC began sales operations Jan. 1,st 2013 after a lengthy formulation and research cycle with multiple cosmetic houses.
SeaQuarius LLC specializes in formulating marine themed skincare products, which incorporates effective ocean derived compounds, to bring nourishment and vitality to the skin. Their products are reported to go to work deep within the skin to protect and nourish. Potent antioxidants from special seaweeds and algae are a cornerstone of our Sea Cream Protection product. Micro ionic rich seawater, from the far reaches of the Atlantic Ocean, is the base ingredient in our purifying Sea Clean Wash. Extracts from special red and green seaweeds provide naturally occurring polypeptides in our Sea Serum.
The final outcome is less wrinkled, rejuvenated, firmer and better moisturized skin. Components and ingredient suppliers all operate in an environmentally friendly and ecologically sound manner.