1. The Reliance invested in Aurora and Algonl and lost 100 million dollars with these two companies, thus why they have been abandoned. The only company involved in biofuel technology left in partnership with The Reliance is AEB. On the 16th of October in 2016, Mr Mukesh Ambani stated on a televised Indian interview that; A team of 600 people including 20 scientists are working to produce Algae Biofuel already producing one barrel a day in Jumniga. Mr Ambani went on to state that it won’t be long until Algae biofuel technology will soon begin production on a commercial scale.
For that reason the current position of AEB is one of excellence in it continuous, forward movement with the Reliance. What has to be remembered is that no capital has been invested by AEB and already the outcomes and achievements have been so great.
My belief as to the relations between The Reliance and AEB are as follows:
In the next 4 to 6 weeks the plant will be commissioned. In 6 months time the launch will decide as to whether or not the Reliance commercialise the product. I believe contractors have been placed in India to produce AEB modules as AEB are planning to make money with equipment and royalties.
2. A while ago Mr. Peter Hatfull announced information in regards to Nutraceutical investors in the Middle East. It is a fact that there are only two countries who have the funds and whom are working to produce algae products in the Middle East; Israel and Saudi Arabia. However, Israel has a few algae companies with good progress, thus not the investment into AEB coming from Israel. My belief is that the investors are the Saudi's. The last couple of years the Saudi’s have been attempting to diversify their economy spending 200 billion dollars on new technology, still with more to come in the attempt to diversify the industry. I believe, if the investors are the Saudi’s the Middle East agreement will come soon, finance attached, starting at a minimum 20-30 million dollar plant. Mr Hatfull wants to work with partners whom can efficiently, and quickly commercialise the Algae product world wide. Again he will be making money from equipment and profits from the plant. AEB is extremely lucky to have a CEO whom continues to calculate the continuing stability of the starting up of AEB whilst also having an extraordinary vision for the company.
3. For those people opposed to AEB I put forth this notion: If you plant a tree, you must wait 10 years for it to become fruitful. If in that 10 year period that fruit tree has adapted to the barriers of growth it has become and will continue to be a fruitful tree.
Please be patient with AEB, nothing happens overnight, everything requires time. Don't be negative without giving it a chance to grow. However, when it does grow Algae.Tec will be a word wide, unstoppable player in the Algae industry.
AEB Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
