SEE Algae Technology sells algae farm to Brazil’s Grupo JB
SEE Algae Technology GmbH (SAT), a developer of infrastructure for the commercial production of high-quality algae, has signed an agreement to supply and install a one hectare dual-use algae production plant for Recife, Brazil-based Grupo JB (JB), a bioethanol producer in Brazil. Once operational, the production process will yield algae lipids which can be used to make biodiesel and biochemicals, among other compounds.
Under the agreement, SAT will design an algae farm and provide its algae cultivation technology to JB, oversee installation, and ensure the farm’s initial productivity.
Separately, SAT has also entered into a joint venture (JV) with Grupo JB to market the company’s algae production technology in Brazil. Algas Do Brasil will be 63 percent owned by SAT and 37 percent owned by JB.