Visit by SABIC Lead Scientist Dr. Xinyao Liu to Algasol Showcase.
Recently, Algasol was privileged to host Dr. Xinyao Liu, Lead Scientist of SABIC, who remarked how impressed he was by the patented Floating PhotoBioReactor (PBR) for its cost-efficiency (CAPEX and OPEX) and seamless operation.
About Dr. Xinyao Liu
Dr. Liu is a lead scientist at SABIC. He has over 12 years of solid experience in photosynthesis, carbon fixation, genetic engineering and metabolic engineering involved in algal and cyanobacterial biofuel/bioenergy production (e.g., fatty acids, fatty esters and alkanes).The experiences gained from working in both academia and private industries have provided him with a multicultural background and a unique insight in evaluating cutting edge technologies. He also has 6-year hand-on experience on photobioreactor design and operation in different countries (China, US and Saudi Arabia). He currently holds more than 10 patents.
Ranked among the world's largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia, SABIC began in 1976 by Royal decree and it now has operations in over 40 countries with a global workforce of over 40,000 talented individuals. SABIC's goal is to grow microalgae and cyanobacteria in the desert of Saudi Arabia with Red Sea water for the Company's future feedstock. They are also developing synthetic biology technology in cyanobacteria to produce target chemicals.
About the Patented PBR Technology
The patented PBR system provides a critical and innovative method for microalgae biomass production. The modular floating bag technology, a new variation of photobioreactors, provides a low-cost design coupled with industrial scalability, optimal light exposure, high biomass concentration, low energy consumption, and efficient system control.
Our award winning photobioreactor technology breaks the cost barrier and allows microalgae production to be economically viable in the present tense. On average, our technology lowers CAPEX by 90% when compared to other growth systems, and is deployable both on land (in ponds) and in the oceans. To give you an example, 1 ha (10,000m2) of Algasol PBRs is as low as USD 52,500, including harvesting valves and internal aeration.
The main components of our worldwide patented technology include the following:
- General concept of controlling the position of a closed photobioreactor by providing a density difference between the algae culture inside the photobioreactor and the surrounding water
- Density Management System for submerging/angling the PBR
- Internal Aeration System
Visit Algasol's webpage for additional news and updates.
For more detail, our worldwide patent is accessible at www.wipo.int.
About Algasol Renewables
Algasol Renewables has naturally transitioned from a technology company, owning the most coveted patent and cost efficient (CAPEX, OPEX and productivity) on algae growth systems towards becoming one of the largest algal biomass manufacturers through its daughter companies, Algasol Bangladesh Ltd and Alga Biomass Bangladesh Ltd.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations regarding our technology platform, our ability to efficiently develop new products, the potential wide applicability of our intellectual property and licensing opportunities, may constitute forward-looking statements. These forward-looking statements involve risks, uncertainties and other factors that could cause Algasol's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Investors are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements speak only as of the date of this press release and, except as required by law, Algasol expressly disclaims any intent or obligation to update or revise any forward-looking statements to reflect actual results, any changes in expectations or any change in events. If Algasol does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: (1) whether the patented technology will result in any new products or improve our ability to efficiently and effectively develop new products; (2) whether the patented technology will result in any new customers, partners, collaborations or licensing agreements; (3) Algasol's research and development efforts, and (4) Algasol's ability to successfully enforce its intellectual property rights.