Other countries such as China, Japan and the US and some European nations are also working towards carbon trading or taxation schemes at national, state or city levels. Algae.Tec offers a profitable solution for carbon emitting companies and industries seeking carbon dioxide reduction technologies. The algae growth system is an alternative to carbon capture.

New South Wales Minister for Resources and Energy the Honourable Chris Hartcher, MP, was present at the launch held in early August. A VIP crowd included executives from the University of Wollongong, the Manildra Group, the renewable energy investment community, shareholders and coal and biofuels association representatives. To officially commission the facility, Minister Hartcher activated the hi-tech lighting system that delivers the Algae.Tec super yield capabilities.

According to Algae.Tec, leading inspection, verification, testing and certification services company SGS will undertake a third party yield validation process at the facility.

Algae.Tec also recently recruited biofuels and aviation fuels specialist engineer Colin McGregor as general manager- project operations. The company is presently working on projects with Holcim Lanka, is into joint venture discussions in China, and has a manufacturing base in Atlanta, Georgia (US). It is also in talks with relevant firms in NSW, Brazil and the US.