Recently a major $100 million dollar joint venture agreement was announced between Australian-owned Advanced Algal Technologies (AAT), a bio-technology company specializing in algae cultivation and production and a Chinese company Fuzhou Xiangli Enterprise Management Consulting Co. to produce over 500 patented innovative Algae Farming Conveyor Modular Systems.
Last week, Fuzhou Xiangli Enterprise Management visited Australia to see AAT’s site, to see the modules being made and provided further disclosure on how they intend the modules will be used and what benefits they will have to the environment and economy in China.
The $100 million dollars invested into the Australian Joint Venture Company will establish the Chinese manufacturing facilities to produce the modular systems, which will be placed in areas where carbon dioxide emissions are at their highest levels in China. With China being the world’s 4th largest carbon dioxide emitter, we believe by placing our modules next to major manufacturing companies in China, they will benefit China’s environment immensely by prospectively reducing CO2 in millions of tons every year as each system is deemed to sequester 7.5 tons of carbon dioxide per day, whilst the algae grows.
Mr Xie, CEO of Fuzhou Xiangli Enterprise Management during an interview said “I not only see our algae modules as a solution to help reduce emissions, but to increase our production in animal feed but to produce protein for human consumption.”
“This in turn will be a life cycle system. Algae produces animal feed, which will produce protein for human consumption and humans will manage the production of the Algae. This is remarkably simple but a world breaking technology that I believe will help solve the mankind’s biggest problem – survival!” Said Mr Xie.
Mr Xie then advised, “I chose to form a joint venture with AAT because of all the companies across the world that I have met with and researched, AAT have world breaking technology that I believe will take the world by storm.”
Fuzhou Xiangli Enterprise Management Consulting Co. are excited to be working with AAT and becoming world leaders to reduce carbon dioxide, produce animal feed, and utilize the oil and ethanol content for fuel sources both in China and across the world.
AAT are currently securing other multi-million dollar joint ventures in Bolivia, India and Dubai and are well on their way to being the main Algae cultivation company in the world.
For more information on Advanced Algal please visit www.advancedalgal.com or contact: Media Contact:
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