If you were in the USA yesterday, I trust you were able to enjoy and honor Martin Luther King Day.
Renewable Crude Oil for Existing Refineries
“OriginOil has a Green Algae Biofuel Alternative to Keystone XL Pipeline Jobs”
We’re no threat to the Keystone XL pipeline… but from all media coverage and all the emails I received, our announcement definitely struck a chord.
“The Hard Part is the Harvest”
Yesterday, a venture capitalist visitor to our labs commented that based on his experience, the hard part is the harvest.
These are the key conditions:
The harvest must be chemical-free.
Because otherwise, you can’t reuse your water.
The harvest must be low-energy.
Because you can’t use more energy than you get.
The harvest must be continuous high-flow.
Because huge amounts of water are involved.
That’s our harvesting process.
With it, we can create renewable crude oil that existing refineries can process.
The Feedstock Process Demonstration Unit (PDU)
To achieve large scale production of renewable crude, we get to access the Idaho National Lab’s brand-new, beautifully-equipped PDU, which enables large-scale testing of new feedstock formulations.
Visitors to last summer’s industry workshop got to tour the facility. Take a look.
John Ferrell, the feedstock supply team lead for DOE’s Biomass Program said: “It links all the way from production to product, which gives us a huge value.”
We will be relying on this facility and the INL team’s expertise to help scale up our renewable crude oil process.
Enjoy the rest of the week, and keep an eye out for my January Algae Business column in Algae Industry Magazine, due out shortly!
Riggs and team
President & CEO
OriginOil, Inc. (OOIL)
OriginOil and DOE to Develop Renewable Crude Oil for Existing Oil Refineries
Safe Harbor Statement:
Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.