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 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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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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That program has resulted in a number of isolates that can now be tested in vivo. The in vivo portion of this expanded research project will be carried out in several steps. The in vivo study is expected to commence in several days. The isolated samples will be administered to test subjects over the course of 30 days, after which an evaluation process would identify those samples with bioactivity. Battelle scientists would subject those samples to further refinement and validation, or proceed directly to a final analysis.

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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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PetroAlgae’s patent pending technology employs a hydroponic system using indigenous aquatic plants and is designed to enable its licensees to produce high-value protein, animal feed and a cost-effective alternative to fossil fuels, while absorbing carbon dioxide. Unlike most soy products, PetroAlgae protein is not produced from genetically modified (GMO) species; it is derived from renewable aquatic crops using no pesticides or heavy metals that would otherwise contaminate the products with residues. Moreover, by using a local, non-GMO species, the PetroAlgae licensed technology preserves the ecological integrity of the areas that are farmed, and it does not pollute soil or water.

The studies were performed at the College of Agriculture at Purdue University, under the direction of Dr. Mario Ferruzzi; by Dr. Fadi Aramouni of the College of Animal Sciences and Industry at Kansas State University; and by independent laboratories such as Craft Technologies, Inc.

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“The facility is on track to be in production in the next six weeks,” said Christopher Davies, CEO of Atlas Capital Holdings. “We believe we will be able to harvest high-grade algae that will sell for an estimated $2,000 to $7,000 per pound. After its first year of generating revenue we will utilize our experience and expertise to develop another facility on a much larger scale.”

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According to Dr. Rajesh Patel, a successful practicing physician in the Atlanta metro region who partnered with BARD Holding on the expansion of algae production facilities throughout the state of Georgia, “We are proud to contribute to the region by helping revitalize the community’s industrial space and enhance Georgia’s economic productivity.”

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Hawaii-based Cyanotech has posted a dramatic rise in sales in the first quarter of 2012 driven by growing demand for natural astaxanthin: a potent red antioxidant that hit the headlines earlier this year following favorable coverage on Dr Oz and Oprah.  Cyanotech is based in Kona, Hawaii.