News

FOR IMMEDIATE RELEASE



SEE ALGAE Technology Wins Brazilian Bioenergy
Innovation of the Year 2012 Award

awards.jpg

Vienna, Austria, September 18, 2012 SEE ALGAE Technology GmbH ("SAT" or the "Company"), a leading developer of infrastructure for the commercial production of high-quality algae, today received the Brazilian Bioenergy Innovation of the Year 2012 Award for its cutting edge algae cultivation technology. In explaining their decision to grant the highly competitive award to SAT, the independent judging panel assembled by Green Power Conferences cited the Companys cooperation with Brazils Grupo JB (JB) as worthy of recognition and potentially a major boost for the commercialization of microalgae-based biofuels worldwide. SEE ALGAE Technology accepted the Award today at the annual World Biofuels Markets Congress in Brazil.


With more than forty high quality entries, these awards are sending a clear signal that the Brazilian bioenergy industry is making great progress, often times through innovative collaborations, to find efficient, sustainable solutions to future global energy needs, said Nadim Chaudhry, CEO of Green Power Conferences, organizer of the awards and conference.


The project, currently under construction, comprises an industrial-scale microalgae production plant at the site of an existing JB sugarcane ethanol facility. Once operational, the facility will primarily be utilized to produce bioethanol and algal biomass from both natural and genetically modified algae strains. This algae production facility will utilize SATs proprietary photobioreactors to grow algae using the sugarcane facilitys CO2 waste stream as its primary feedstock.


Winning the Brazilian Bioenergy Innovation of the Year Award proves that the marketplace believes in the groundbreaking work we are doing with Grupo JB, said SAT Chief Executive Officer Dr. Joachim Grill. By introducing an algae cultivation technology that produces renewable biofuels and algae feed at prices that are competitive with mainstream alternatives, SAT is shifting the biofuels conversation from the future to the present, from hopeful potential to actualized results. This award serves to inform the wider market that optimally produced algal biofuels can consistently yield cost in addition to environmental advantages over traditional fossil fuels, all without using either arable land or food crops.


About SEE ALGAE Technology GmbH


SEE ALGAE Technology GmbH (SAT), based in Vienna, Austria, develops infrastructure for the commercial production of high-quality algae used to manufacture livestock feed, bioethanol and biodiesel fuel.  SATs proprietary, patented technology is easily scaled to meet customers needs and has the highest production yield and lowest operating cost of any currently available commercial process.


Follow SAT on Twitter:@SEE_ALGAE_Tech


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Mr Rafael Bianchini, Managing Director of SAT Brazil taking the Brazilian
Bioenergy Innovation of the Year 2012 Award


Contacts:

Company Contact:
SEE ALGAE Technology GmbH
Dr. Joachim Grill, CEO
Phone: +43 1 985 9802 0
Email: office@seegroup.com


Media Contact:
King Worldwide Investor Relations
Marc Raybin
Phone: +1 212 897 5497
Email:mraybin@king-worldwide.com

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Press-Release June 19th 2012

SEE ALGAE Technology GmbH Announces Sale of Algae Farm to Brazils Grupo JB

Vienna, Austria, June 19, 2012 SEE ALGAE Technology GmbH ("SAT" or the "Company"), a leading developer of infrastructure for the commercial production of high-quality algae, announced today that it had signed an agreement to supply and install a 1 hectare dual-use algae production plant for Recife, Brazil-based Grupo JB (JB), one of the leading bioethanol producers in Brazil. Once operational, this farm will primarily be utilized to produce algae biomass and bioethanol from both natural and genetically modified algae strains. Algae biomass is used as a replacement for soybean meal in feed for livestock and fish. This production process will also yield algae lipids which can be used to make biodiesel and certain biochemicals, among other compounds.

Under the 8 million agreement, SAT will design an algae farm and provide its algae cultivation technology to JB, oversee the farms installation, and ensure the farms initial productivity.

Separately, SAT has also entered into a joint venture (JV) with Grupo JB to market the Companys algae production technology in Brazil. The JV, ALGAS DO BRASIL, will make use of JBs extensive commercial contact network to enhance SATs marketing efforts. ALGAS DO BRASIL will be 63% owned by SAT and 37% owned by JB.

We are truly proud to have Grupo JB as not only the first commercial customer for our micro-algae production technology, but also as a strategic marketing partner, said Dr. Joachim Grill, CEO of SEE ALGAE Technology. We believe, he continued, that this marks a significant step forward in the evolution of our Company and validates both our exclusive technology and the commercial viability of algae, especially for use in feed and biofuels. With Grupo JB as our strategic partner in Brazil, we expect to take a leadership position in this exciting technology.

About SEE ALGAE Technology GmbH

SEE ALGAE Technology GmbH (SAT), based in Vienna, Austria, develops infrastructure for the commercial production of high-quality algae used to manufacture livestock feed, bioethanol and biodiesel fuel. SATs proprietary, patented technology is easily scaled to meet customers needs and has the highest production yield and lowest operating cost of any currently available commercial process. 

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Interview Mr. Rafael Bianchini at Radio CBN
Interview with Radio CBN.mp3  (12.66 MB)