The company has developed an algae growth and harvesting system and the facility is connected to the Manildra Group waste carbon dioxide used in the algae growth process.
Algae.Tec executive Chairman Roger Stroud said that the company will offer the state and the nation energy security.
"Algae.Tec offers the promise of home grown transport fuels (aviation and diesel), which is the number one energy security priority for countries like the USA and increasingly Australia," added Stroud.
The company is currently working on a project with Holcim Lanka in Sri Lanka and is discussing joint venture in China.
With a manufacturing base in Georgia, US the company is in talks with relevant firms in the country besides others in New South Wales, Australia and Brazil.
