Algae.Tec: Standard and Poors initiates Factual Stock Report coverage

Tuesday, January 31, 2012 by Angela Kean

Algae.Tec (ASX: AEB) has become the subject of Factual Stock Report coverage by New York financial services firm Standard and Poors.

“The S&P coverage will extend our reach to a wide range of investor audiences in the USA and internationally providing weekly updates on pricing, trading volume, recent developments, a financial review, key operating information, industry and peer comparisons, and institutional holdings analysis,” executive chairman Roger Stroud said.

The coverage coincides with Algae.Tec’s recent successful $5 million capital raising. This will fund the fast tracking of the company’s recently announced commercial projects.

The market continues to respond to the company's recent milestones including the signing of major deals with companies in China, Sri Lanka and Europe.

Algae.Tec is now well funded for 2012, as the company continues to talk to groups about potential offtake agreements.

Shandong Kerui Group Holding Milestone Deal

Earlier this month, Algae.Tec signed a binding memorandum of understanding for a 50:50 equity joint venture in China with Shandong Kerui Group Holding to build the first biofuels and carbon capture facility in China.

Importantly, Shandong will be putting half the equity into the project, which shows very strong commitment to the project on their part.

The 250-module biofuels facility will be built in Dongying, in Shandong Province, and will produce about 33 million litres of algae derived transport oil and 33,000 tonnes of biomass per annum at a combined value of over $40 million. It will capture 137,000 tonnes of waste carbon dioxide.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.