2 July 2013
Details
Algae.Tec,
a listed company in ASX
with the enclosed modular-high yield
algae-to-biofuels
reactor systems by using
waste carbon dioxide and sunlight
to produce transport fuels such as
biodiesel and jet fuel,
has signed a deal with
Australia's largest power company
to site an algae carbon capture and biofuels production facility
alongside a 2,640 MW coal-fire power station
near Sydney, Australia.
Power company Macquerie Generation
one of the largest in the World and owned by
the New South Wales Government,
has signed an agreement
to site an Algae.Tec facility
next to the Baywater coal-fire power station
in the Hunter valley NSW and
feed waste carbon dioxide
into the enclosed algae growth system.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
NSW Energy Minister
Chris Hartcher
- This deal is an innovative means of
capturing and reusing carbon emissions
and providing the Hunter region with
a locally produced green fuel source.
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Macquerie Generation
Russell Skelton, CEO and Managing Director
- The Algae will feed on "waste" carbon dioxide
emitted by the power station and
the resulting algal oil is converted to
Biodiesel and Hydrogenated to grade A jet fuel.
- Our agreement with Algae.Tec is another example of
MacGen finding creative ways
to improve business and environmental performance.
- Its new technology is improving the traditional power plant.
- Carbon is now our largest single cost.
This technology should reduce our carbon bill,
and at the same time improve our bottom line.
- Bayswater uses approximately 7.5 million tons of coal per year
and delivers power to eastern Australia,
from South Australia to Northern Queensland.
It is the center-piece of the New South Wales energy system.
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Algae.Tec
Roger Stroud, Executive Chairman
- Algae Biofuels offer NSW and Australia a new level of fuel security.
- At a time when all the petroleum refining capacity is closing down
in NSW, this is the beginning of a new era of renewable fuel
which can be "grown" in the State
and can substitute imported petroleum product.
- With this announcement today,
NSW stands out as a global leader
in the adoption of renewable technologies
that makes our existing power generation infrastructure cleaner
and produces valuable fuel oil.
- This deal reflects a genuine desire on the part of NSW Government
and the NSW power industry, to support solutions
to mitigate carbon dioxide emissions
from fossil fuelled power stations.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
