In Australia, Aurora Algae opened its demonstration facility in Karratha, Western Australia, where the Company’s algae-based biomass is being harvested for products in the nutraceutical, pharmaceutical, aquaculture and renewable energy markets.
“This would not have been possible with a U.S.-based production facility,” said Greg Bafalis, CEO of Aurora Algae, “where we believe the climatic conditions are not economically viable to produce large-scale, cost-competitive algae products.” The company’s open-pond production method, and proprietary pale green cultivar algae strains, utilize dry, arid climates with large amounts of CO2 and seawater as feed stocks.
Aevia — Consider the Source