In case anyone missed the announcement, the plant is opening on the 2nd of next month. Hopefully we will see some good movement over these next two weeks
Perth, Western Australia/Atlanta, Georgia – 20 June 2012 – Algae.Tec (ASX:AEB, FWB:GZA:GR, OTCQX :ALGXY) the advanced algae to biofuels company with a high-yield, enclosed and scalable algae growth and harvesting system today announced the algae to biofuels showcase facility Shoalhaven One will be officially opened on 2 August 2012.
Algae.Tec is pleased to announce the New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP will officially open the facility south of Sydney in New South Wales, Australia.
Algae.Tec Executive Chairman Roger Stroud said the Company was very pleased to have the Minister for Resources and Energy from the most populous state in Australia opening the facility.
The showcase commissioning was currently underway and the official opening of the facility would mark the production of algae oil for biofuels.
Algae.Tec recently announced the appointment of Sydney-based aviation fuels specialist engineer Colin McGregor as General Manager Project Operations.
Algae.Tec has biofuel projects underway with Lufthansa, Holcim Lanka, a joint venture in China, a showcase facility in Australia and a manufacturing base in Atlanta, Georgia (USA). The Company is also in talks with relevant firms in Brazil and the United States.
AEB Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
