This is the statement at the footer of their announcements.
Algae.Tec (ASX. AEB) is a specialist producer, focused on developing technology that captures waste carbon
dioxide to produce commercial quantities of a range of plant derived products for supply to three key
markets:
Medicinal cannabis
Algae-based nutraceuticals
Animal feed and aquaculture markets
What happened to the biofuel market which is the main focus of our technology?
I tell you where it's gone just like Peter Stroud both have disappeared because the technology cannot produce biodiesel to a commercially viable level. Anyway with the electric battery coming into force would have made biodiesel a pointless exercise anyway.
AEB Price at posting:
2.8¢ Sentiment: Sell Disclosure: Held