Algae Fuels changes Directors & Business Direction
Post# of 65
Posted On: 11/11/2012 11:34:25 PM
Algae Fuels changes Directors & Business Direction Company and Acquired News!
Oct 31, 2012
Algae Fuels changes Directors & Business Direction
Algae Fuels Plc. (GXG: ALGE) and its directors announce a change in directors and acquisition of an algae development system.
On September 18, 2012 Mr. Julius Charles Csurgo resigned as Director and Mr. Richard Berman and Mr. Fernando Gonzalez were appointed as Directors.
On September 20, 2012 Algae Fuels acquired the rights to Algae Farm™ and Algapond™ a proprietary (closed) indoor fully-integrated algae development system, which allows for the consistent production of algal biomass, algae oil and residual biomass for commercial use as well as all related trademarks.
About Algae Fuels Plc ?Algae Fuels Plc. is a London Based Biofuels Producer, traded on GXG Markets (ticker symbol: ALGE) which has developed highly specialized processes and systems to produce high yield, predictable, reliable, scalable, and sustainable algae oil, algal biomass, residual biomass, and biofuels.
Algae Fuels Plc. owns Algae Farm™ and Algapond™ a proprietary (closed) indoor fully-integrated algae development system, which allows for the consistent production of algal biomass, algae oil and residual biomass for commercial use.
Currently, the leading producers of Algal Biomass utilize outdoor systems of ponds each of which can be up to 1,000,000 gallons large, covering almost an entire acre. The most efficient of these outdoor systems are able to produce approximately 150,000 pounds of Algal Biomass per year (per acre). Although effective, these systems are not necessarily consistent or efficient as they rely heavily on water and temperature, which can be difficult to control given the unpredictability of weather. In addition, our indoor Algapond™ system enables us to produce in excess of 10 times the Algal Biomass than the outdoor system using the same amount of space. The average outdoor pond used 1,000,000 gallons of water, while we can achieve this with only 90,000 gallons.
The Algapond™ system is versatile and will also allow us to extract the Algae Oil from the Algal Biomass resulting in both sellable Algal Oil and Residual Biomass.
The Algapond™ system has over $1,500,000 invested to date. The initial bench Algapond™
Pilot prototype was completed on January 29, 2010 and the Full-Scale model was subsequently completed on April 30, 2010.
For more information please go to www.AlgaeFuelsPlc.com?
Or contact the company at info@AlgaeFuelsPlc.com
Oct 31, 2012
Algae Fuels changes Directors & Business Direction
Algae Fuels Plc. (GXG: ALGE) and its directors announce a change in directors and acquisition of an algae development system.
On September 18, 2012 Mr. Julius Charles Csurgo resigned as Director and Mr. Richard Berman and Mr. Fernando Gonzalez were appointed as Directors.
On September 20, 2012 Algae Fuels acquired the rights to Algae Farm™ and Algapond™ a proprietary (closed) indoor fully-integrated algae development system, which allows for the consistent production of algal biomass, algae oil and residual biomass for commercial use as well as all related trademarks.
About Algae Fuels Plc ?Algae Fuels Plc. is a London Based Biofuels Producer, traded on GXG Markets (ticker symbol: ALGE) which has developed highly specialized processes and systems to produce high yield, predictable, reliable, scalable, and sustainable algae oil, algal biomass, residual biomass, and biofuels.
Algae Fuels Plc. owns Algae Farm™ and Algapond™ a proprietary (closed) indoor fully-integrated algae development system, which allows for the consistent production of algal biomass, algae oil and residual biomass for commercial use.
Currently, the leading producers of Algal Biomass utilize outdoor systems of ponds each of which can be up to 1,000,000 gallons large, covering almost an entire acre. The most efficient of these outdoor systems are able to produce approximately 150,000 pounds of Algal Biomass per year (per acre). Although effective, these systems are not necessarily consistent or efficient as they rely heavily on water and temperature, which can be difficult to control given the unpredictability of weather. In addition, our indoor Algapond™ system enables us to produce in excess of 10 times the Algal Biomass than the outdoor system using the same amount of space. The average outdoor pond used 1,000,000 gallons of water, while we can achieve this with only 90,000 gallons.
The Algapond™ system is versatile and will also allow us to extract the Algae Oil from the Algal Biomass resulting in both sellable Algal Oil and Residual Biomass.
The Algapond™ system has over $1,500,000 invested to date. The initial bench Algapond™
Pilot prototype was completed on January 29, 2010 and the Full-Scale model was subsequently completed on April 30, 2010.
For more information please go to www.AlgaeFuelsPlc.com?
Or contact the company at info@AlgaeFuelsPlc.com
(0)
(0)