Algae.Tec signs waste to energy deal

29/10/2013 - 12:45

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Subiaco-based biofuels developer Algae.Tec has signed an agreement to provide its technology for Phoenix Energy Australia's proposed waste to energy plant in Kwinana.

Subiaco-based biofuels developer Algae.Tec has signed an agreement to provide its technology for Phoenix Energy Australia's proposed waste to energy plant in Kwinana.

Algae.Tec's technology will capture the carbon dioxide produced by the plant and convert it to algae products including biofuels.

The company says its solution will ensure the waste to energy plant will operate under the most environmentally friendly process possible.

Phoenix is hoping to secure approval for the proposed plant in Kwinana's industrial centre by mid-2014.

Engineering and contracting giant John Holland announced its intentions to collaborate with Phoenix on the project.

Phoenix managing director Peter Dyson said Algae.Tec's engineered modules meant the technology could be easily integrated into the plant site without the need for large ponds required by other algae type applications.

"When compared to the alternative of landfilling waste and the electrical energy generation derived from coal, waste to energy plants such as ours already significantly contribute to a net abatement of CO2 emissions," Mr Dyson said.

"However we are constantly looking to improve this even further and that's why we are excited about the Algae.Tec deal, as we believe they have the best and most efficient carbon capture technology in the world."'

Algae.Tec shares were 6.6 per cent higher at 16 cents at 12:45pm WST.

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