Heliae Development, LLC, an Arizona-based algae technology company, broke ground on a commercial demonstration facility that will showcase the scalability and economics of its proprietary algae technology platform.
Heliae was formed for the purpose of licensing and developing algal strains developed at Arizona State University for jet fuel.
In the next few years, Heliae plans to build several additional facilities across the globe. With the recent investment from the Salim Group, one of the largest diversified agri-food conglomerates in Southeast Asia, Heliae is positioned to expand beyond North America and deploy sites throughout the Asia Pacific region.
The new facility comprises 20 ac adjacent to Heliae’s Gilbert, Arizona headquarters. The site will be constructed in phases over the next 18 months.
Additionally at the ground-breaking, Heliae sold its first barrel of algae-based jet fuel to its partner SkyNRG. This transaction marked a milestone in the partnership with a long term objective of producing sustainable jet fuel from algae. [email protected] www.fis.com
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