SYDNEY, July 2, 2013 /PRNewswire/ -- In what is understood to be a world first, Algae.Tec (ASX: AEB, OTCQX: ALGXY) has signed a deal with Australia's largest power company to site an algae carbon capture and biofuels production facility alongside a 2640MW coal-fired power station near Sydney. Macquarie Generation, one of the largest power companies in the world and owned by the New South Wales Government, has signed an agreement to site the Algae.Tec facility next to the Bayswater coal-fired power station in the Hunter Valley NSW, and feed waste carbon dioxide into the enclosed algae growth system. The...
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