Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« uShip and TerraPass Partner on Carbon Offset Program for Shipping | Main | BioEthanol Japan Begins Production of Cellulosic Ethanol from Wood Scraps; Uses Celunol Technology »

Print this post

NZ Algae Biodiesel Developer Seeks to Raise $NZ5 Million

16 January 2007

New Zealand’s Aquaflow Bionomic Corporation (ABC) has launched a prospectus for an offering of up to 10 million shares in a bid to raise NZ$5 million (US$3.5 million) for further research and development of its process to produce biodiesel from wild algae.

Aquaflow harvests algae directly from the settling ponds of standard Effluent Management Systems (EMS) and other nutrient-rich water. Aquaflow is still working on the final stage of bio-remediation of the pond water, which will ensure that the discharge exceeds acceptable quality standards. The harvesting process can also be used in many industries that produce a waste stream, including the transport, dairy, meat and paper industries.

A B5 (5%) blend of biodiesel produced by Aquaflow from wild algae successfully fueled a test drive in New Zealand in December 2006. The Aquaflow B5 also was used successfully several days earlier in a static engine test at Massey University’s Wellington campus. (Earlier post.)

In the prospectus, ABC states that it intends to focus the research and development of the biodiesel program in New Zealand for the present, and that the biodiesel will be produced for the domestic market.

ABC is applying for patents on the systems for optimizing harvesting and extraction. The company also hopes to develop its harvesting process—which leaves the water in settling ponds substantially cleaner—as a bio-remediation tool for cleaning waste streams.

January 16, 2007 in Biodiesel, Biomass | Permalink | Comments (7) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef00d835109ba869e2

Listed below are links to weblogs that reference NZ Algae Biodiesel Developer Seeks to Raise $NZ5 Million:

Comments

I see an eery semblance to the tech boom of the 90's. The Tech Bubble started in 1997, its 2007. Paulson, Bernanke, the Treasury, Donaldson, and the SEC better get a handle on this.

From prospectus, page 9 (p. 10 on PDF): It was therefore with great satisfactions that the Company produced a test tube of algae oil...
The key factor for determining whether this investment is worthwhile or not, is the yield of biodiesel that will be produced. Currently, it does not look as if these guys have a clue about that. Classify this as a HIGH risk investment.

GreenFuel, I'm waiting...

The prospectus states that "...there is little debate that the price of fossil fuels will increase dramatically in they future..."

There was probably little debate about increasing oil prices in the late 70's as well, but I purchased gas at $0.65/gal in the late 90's in Oklahoma. Debate and opinion matter far less than supply and demand.

Harvey, that was during the Asian financial meltdown.  You can get fire-sale prices on real estate during recessions too, but that doesn't mean anything in the long run.

Reality:

Average US family spends about 3.5% of it budget on gas (in 2006 probably close to 4%) – way less than in time of oil price spikes of 1970-s and 1980-s. This amount is not a big deal. This is probably the reason why Americans are still buying big and fuel-thrusting vehicles. Even in Canada, where disposable income is 10% less then in US and gasoline is 30% more expensive, we generally have the same as in US vehicle mix.

There are developments in DME in China today:
DME is an LPG-like synthetic fuel can be produced through gasification of Biomass. The synthetic gas is then catalyzed to produce DME. A gas under normal pressure and temperature, DME can be compressed into a liquid and used as an alternative to diesel. Its low emissions make it relatively environmentally friendly. In fact, Shandong University completed Pilot plant in Jinan and will be sharing their experience at upcoming North Asia DME / Methanol conference in Beijing, 27-28 June 2007, St Regis Hotel. The conference covers key areas which include:


DME productivity can be much higher especially if
country energy policies makes an effort comparable to
that invested in increasing supply.
By:
National Development Reform Commission NDRC
Ministry of Energy for Mongolia

Production of DME/ Methanol through biomass
gasification could potentially be commercialized
By:
Shandong University completed Pilot plant in Jinan and
will be sharing their experience.

Advances in conversion technologies are readily
available and offer exciting potential of DME as a
chemical feedstock
By: Kogas, Lurgi and Haldor Topsoe

Available project finance supports the investments
that DME/ Methanol can play a large energy supply role
By: International Finance Corporation

For more information: www.iceorganiser.com

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group