- 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.
Science Illustrated – July 2009 Issue: "'Biofuels are less 'dirty' that fossil fuels, many of which release minerals, such as sulfur oxides and sulfates, that are toxic when burned,' says Riggs Eckelberry, president of OriginOil, an algae-oil producer in Los Angeles... This April, OriginOil introduced the first one-step algae-oil production process, eliminating the use of petrochemical solvents and a costly drying step."
Biodiesel Magazine – July 2009 Issue: "Algae developer OriginOil Inc. has partnered with Belgium-based Desmet Ballestra to create a cost effective algae oil extraction system. OriginOil CEO and President Riggs Eckelberry announced the partnership at the National Algae Association’s quarterly meeting. OriginOil is making progress in reducing the cost of harvesting algae and extracting the oil in its rapid, one-step process utilizing its ultrasound-based Quantum Fracturing along with pH modification and electromagnetism."
Green Energy Reporter – June 25, 2009: "Los Angeles-based OriginOil is one of a growing number of research and development companies that have been working to develop a scalable and commercially viable algae production model. GER recently caught up with OriginOil CEO Riggs Eckelberry, who provided an overview of the opportunities and challenges faced by this budding sector as it seeks to scale from a curiosity into a viable industry."
Seeking Alpha – June 23, 2009: "There's much excitement about second generation biofuels made from cellulosic feedstocks and algae... Algae is the only feedstock that has the potential to be productive enough to supply most of our current liquid fuel demand... There are now three publicly traded Algae companies... OriginOil shows better volumes, but they, too, are early in their technological development."
The Bio Energy Site – June 18, 2009: "US – OriginOil's CEO Riggs Eckelberry outlined a plan for biofuels to overtake petroleum during a panel session at the inaugural Intergovernmental Renewable Energy Organization (IREO) Conference, held at the United Nations. The manufacturer of biodiesel from algae warned that without a new approach, petroleum could remain strong until 2060."
Tampa Bay Blog – June 18, 2009: "'The announcement .... that gas emissions are reduced 60 to 80 percent when using biofuels instead of traditional jet fuel is a landmark announcement for the role that biofuels will play within the coming months and years,' said Riggs Eckelberry, CEO of OriginOil, developer of an algae fuel technology."
