“We’ve known for a long time that algae has the best potential for displacing petroleum over time, but its potential has always been held back for lack of critical enabling technology. We believe OriginOil’s technology is the missing element to enable mass production of algae oil.”
OriginOil CEO Discusses Breakthrough Algae to Oil Technology on CEO Radio Network
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Industrialized algae has the potential to be the
global renewable fuel of the future
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Los Angeles, CA - September 5, 2008 - OriginOil, Inc. (OTCBB: 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 that its Chief
Executive Officer, Riggs Eckelberry, discussed the industrialization of algae to oil and its potential to
revolutionize the renewable fuels industry in an
interview on the CEO Radio Network (www.ceoradionetwork.com).
"Biofuels made from food are not viable long term
due to land use and food supply problems," said
Eckelberry. "We can't use just solar, wind or nuclear energies alone; we also
need fast adoption of renewable fuels. Algae is now at the forefront as a
portable liquid fuel because it is highly scalable and its growth is prolific. OriginOil
has filed five patents for technology that will deliver industrialized algae,
giving algae oil the potential to be the biofuel of the future."
Eckelberry continued, "There is a worldwide need
to industrialize the growth of algae, making it in high quantities with
predictable turnover and a small footprint. Algae grows for four to five days
until it reaches its limit. With additional space, algae expands via logarithmic
growth that can be sustained daily. The promise of harvesting algae on a daily
basis is the key to the algae revolution. OriginOil's goal is to help everyone
implement its algae to oil technology through a
technology export approach with specialized partners in vertical markets and
geographic partners who can implement these specialized applications in their
regions."
During the radio interview Eckelberry also
discussed the company's August 14 exhibit at the Green Tech Expo, held in conjunction
with the Border Governors Conference. Governor Arnold Schwarzenegger, his top
energy and environmental advisor Terry Tamminen and Secretary of the California
Environmental Protection Agency, Linda Adams toured the Expo, stopping to meet the
OriginOil team. Governor Schwarzenegger and his energy
team discussed the algae to oil promise and how OriginOil can become part of
the process to meet major challenges such as California's AB 32, the Global
Warming Solutions Act of 2006, and helping to develop the Low Carbon Fuel
Standard.
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