Wednesday, January 7, 2009

Kalahari Focuses on Growing Algae in Bioreactors

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Kalahari Greentech Inc. a global energy company, today announces it's forward looking statement for 2009.

Commenting on the outlook for 2009 CEO Konstantinos Kardiasmenos said "We are pleased that signed the deal, in 2008, with Vaau Energy and we anticipate the co-operation between Kalahari and Vaau Energy to be further strengthened in 2009 as we raise the last capital needed to engage in the final development of the 200MW project in the Tuticorin area in the Tamil Nadu state of India. Furthermore, we are developing the business in a number of new areas such as solar energy projects in Romania and Botswana and new wind energy projects in Poland and Italy"

Kalahari is also looking into new areas of green energy, more specifically the growing of algae in bioreactors, and is in advanced discussions with a project developer in Italy. For every ton of algae biomass (dry weight) produced, 1.3-1.8 tons of CO2 has been bio-fixated or consumed enabling the project to not only produce energy, but also income, through the sale of carbon credits.

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