Riggs Eckelberry Warns Petroleum Could Remain Strong Until 2060, Advocates Focus On Entrepreneurs Worldwide
Los Angeles, CA and New York, NY – June 17, 2009 – 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, reported that CEO Riggs Eckelberry outlined a plan to overtake petroleum during a panel session at the Intergovernmental Renewable Energy Organization (IREO) inaugural Renewable Energy Conference, held at the United Nations on June 11, 2009. He warned that without a new approach, petroleum could remain strong until 2060.
“In our planning for renewable energy, we have tended to follow old-school energy thinking which focuses on large, centralized facilities,” Eckelberry commented. “We believe the solution is networked and distributed and based on large-scale information sharing.” He continued, “We know that entrepreneurs worldwide want to start making biofuels now for their local communities and industries. That’s the model of the future – we call it ‘mushrooms after the rain’.”
IREO Secretary-General Robson Mello applauded OriginOil’s contribution to both the conference and biofuels industry at large. “We found Riggs Eckelberry’s comprehensive approach to solving our petroleum dependency to be realistic and powerful,” said Mello. “We know we have OriginOil’s full support in rolling out renewable energy solutions throughout the world and we look forward to a long and productive collaboration.”
The following speakers joined Eckelberry to speak on the ‘Future of Renewable Energy’; HRH Prince Malik ado Ibrahim of Nigeria; Guillermo Garcia of the Universidad de las Palmas; John Paul DeJoria, owner of Paul Mitchell Systems; Josh Tickell of FUEL The Film (www.fuelthefilm.com); and H.E. Francis Lorenzo, Permanent Representative of the Dominican Republic. The panel was moderated by Dr. Carl Liggio.
As the foremost international voice on renewable energy worldwide, IREO has established this annual conference to bring together leaders from political, private and academic sectors to discuss the state of renewable energy needs and plausible solutions in response to the growth of developing nations around the world.
IREO is a proponent of clean and efficient energy sources combined with sustainable development and social awareness. The organization started as a partnership initiative launched in response to the Rio Declaration on Environment and Development, the Kyoto Protocol, the Johannesburg Declaration and the United Nations Conference on Climate Change in New York. For more information, please visit www.ireoigo.org.
About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.
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