Alltech cuts the ribbon on opportunity at $200 million algae facility

02-03-2011 | |
Alltech cuts the ribbon on opportunity at $200 million algae facility

Alltech, a global leader in natural animal nutrition, cut the ribbon on its $200 million Alltech Algae plant in Winchester, Kentucky.

Alltech Algae is a state-of-the-art algae fermentation facility that was acquired in 2010 from Martek Bioscience Corporation for approximately $14 million and has been renovated in the past few months to begin in April as one of the largest algae production sites in the world.
“For Alltech, algae fermentation presents the latest technological frontier from which we expect incredible opportunities in the areas of food, feed and fuel to arise,” said Dr. Pearse Lyons, founder and president of Alltech. “We have already been working in this area for several years and see it playing a major role in both human and animal health and nutrition.”
“I am confident that this will be one of the key pieces that will help our company pass the $1 billion revenue threshold in 2015,” Dr. Lyons continued.
A ribbon cutting ceremony at the plant was attended by Kentucky local and state government officials as well as the 60 global attendees of the first Annual Algae Conference hosted by Alltech in Lexington, Ky. this week.
“The Commonwealth of Kentucky and Alltech have a longstanding partnership that has created hundreds of jobs and millions of dollars in investment in Kentucky,” said Secretary Larry Hayes of the Kentucky Cabinet for Economic Development. “We are proud to play a role in making Alltech’s newest Winchester operation possible and look forward to witnessing the technological advances Alltech will make in its state-of-the-art algae fermentation facility.”
“The community of Winchester and Clark County are pleased to welcome Dr. Pearse Lyons, a world class innovator and business leader, and his company, Alltech, to join our business and corporate community,” said Ed Burtner, mayor of Winchester. “We are excited that Dr. Lyons has chosen Clark County as the location to launch the next generation of biomass uses at his algae production faculty in Winchester. This will allow Alltech to become a world leader in algae production which will serve as the platform for a host of biomass uses in the years to come.”
The primary focus of the facility will be the development of products derived from algae. The algae will be used for value-added feed products, algae-derived bio-fuel and for the production of ethanol.
Algae capture CO2 and release it as pure oxygen. It also creates 70% of our atmosphere’s oxygen, more than all forests and fields combined. Algae are the fastest growing plants in nature and have the ability to convert large amounts of carbon dioxide into oxygen, a characteristic that makes it particularly interesting in today’s environmentally conscious world.