Company banks on carbon tax to promote biofuels

Algae.Tech hopes carbon tax will accelerate uptake of its services by emissions-intensive businesses

July 15, 2011

Prime Minister Julia Gillard may be under pressure over the carbon tax but a biodiesel operation has joined Peabody Energy in giving her succour.

The Prime Minister used Peabody’s takeover offer for Macarthur Coal to puncture criticism that the carbon plan would harm mining investment but the government is yet to comment on biofuel’s firm Algae.Tech’s intervention.

The company, with a presence in Perth and Atlanta, believes the Clean Energy Future package, will accelerate uptake of the Algae.Tec’s services by carbon-dioxide emitting industries.

"This will significantly add to the commercial appeal of the Algae.Tec technology as a solution for carbon dioxide emitting companies," Executive Chairman Roger Stroud says.

Algae.Tec is seeking to market enclosed modular technology - the McConchie-Stroud System - that the company says is designed to capture carbon dioxide pollution from power stations and manufacturing facilities, which then feeds into an algae growth system.

Late last month, the firm announced it had formed a collaboration contract with food and ethanol producer Manildra Group to construct a demonstration plant in Nowra, where Manildra has what it says is the country’s biggest ethanol distillery.

"The Algae.Tec algae photo-reactors will be sited next to the ethanol facility and take a carbon dioxide feed from the ethanol fermenters into the algae growth system," Stroud says.

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