Industry working group will focus on meeting aviation industry demand for algae-based fuel.

Los Angeles, CA [WorldofRenewables.com]

Advertisement

OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced the formation of an industry working group to develop jet fuel from algae using waste streams. The group will start by developing integrated process models to identify the critical technologies needed.

The working group is co-sponsored by OriginOil and the non-profit consortium Electricore.

The first industry partners are biodigester builder Biogas Energy and ionic technology developer Ceramatec. More partner announcements are expected in the weeks to come.

The initiative is a result of OriginOil’s ongoing effort to develop cost-effective algae production. The company previously reported on the promise of using waste streams as a feedstock for algae cultivation.

“The aviation industry has been an early adopter of algae-based jet fuel, and KLM has announced it will fly commercial biofuels flights in 2011,” said Riggs Eckelberry, OriginOil CEO. “Wastewater is a winner for algae and will lead to the scale that we need to service this massive opportunity.”

The first partners will provide some of the key technologies needed, such as anaerobic digestion and fuel cells. OriginOil’s own Helix Bioreactor™ and Single Step Extraction™ systems provide a daily harvest of algae oil and biomass, which can be tailored to meet the ASTM standards for jet fuel.

Biogas Energy Founder and President, Brian Gannon, stated: “We are excited about the potential of working with OriginOil and the other group members to create a turnkey system to convert waste products into energy. We are particularly interested in the utilization of CO2 for algae production, because it reduces the environmental impacts of anaerobic digestion.”

Ceramatec President and CEO, Ashok Joshi, commented: “We look forward to investigating the possibilities of using algae oil and biomass as a feedstock for jet fuel reformulation. We are encouraged by the collaborative nature of the working group and hope to contribute to the success of our partners.”

About OriginOil, Inc.

OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world’s oil and gas is made up of ancient algae deposits. Today, our technology will produce “new oil” from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, please visit our website at www.OriginOil.com.

Source: OriginOil, Inc

Announcement from our Chairman, David C BarclayThe World Renewable Energy Association are delighted to announce the launch of a brand-new initiative exclusively for its members. The Renewable Energy Finance Hub has been launched following the largest survey undertaken with UK businesses conducted by WoREA in conjunction with the UK Government and its partners. Reduce your businesses carbon footprint today and begin your journey towards net zero!