Parliamentary Secretary for Defence and Member for Eden-Monaro Dr Mike Kelly recently visited Alage.Tec facility in Shoalhaven (Australia). The plant is proving out technology that produces low cost, high grade algae-based biofuels. While on site, Dr. Kelly was briefed about the technology by company representatives.
One element with great promise is the fact that algae “eat” carbon to grow. In Israel and China, for example, the carbon-hungry algae are being used to abate emissions from coal-fired power stations that are a similar size to the ones used in Australia.
“This region is fast becoming a flagship for renewable energy in Australia,” said Dr. Kelly during his visit. “We have already seen over $1 billion being invested in renewable energy projects in Eden-Monaro and the lower Shoalhaven region – that includes wind and wave energy, solar, biomass and geothermal.”
Dr. Kelly continued, “To have a company like Algae.Tec here in Bomaderry, which recently signed a collaboration agreement with Lufthansa to produce aviation biofuels and also with Holcim Lanka, is a wonderful boon. The possibilities of this technology are extremely exciting. Their algae technology has almost no impact on the environment and could potentially eliminate emissions from coal-fired power stations.”
Roger Stroud, executive chairman of Algae.Tec noted that that the biofuels technology being used in Shoalhaven is the same technology that will be used by the company to produce aviation and other transportation fuels.
“We currently have feasibility studies underway with interested parties in Texas, Brazil, China, Sri Lanka and Germany, as well as another site in New South Wales,” said Stroud. “The Shoalhaven facility has already had VIP visits from some of the world’s largest companies wanting to see how the technology delivers sustainable low cost fuel, carbon capture, and energy security.”