Algae Industry Gets First Field Look at New OriginOil Technology.
LOS ANGELES -- OriginOil, Inc. (OOILD), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced that delegates to the recent Algae World Australia conference toured its next-generation algae extraction technology at a university-staffed site featuring end-to-end algae production in North Queensland, Australia.
OriginOil CEO Riggs Eckelberry spoke at the conference and chaired the first afternoon's sessions. He joined the conference visitors in touring the test site, which is operated by OriginOil's strategic partner, MBD Energy, Ltd. (MBD) on the James Cook University campus (JCU) in Townsville.
"We were incredibly impressed with the professionalism that the joint MBD and JCU team showed in putting on this site visit," said Riggs Eckelberry, OriginOil CEO. "Next-generation algae production has been integrated into an end-to-end system for the first time, and we're proud to be part of this effort."
Australian television and press, including today's issue of OBQ Weekly (pages 32-35), a major Chinese-language magazine, covered the event.
After the conference, an OriginOil team traveled to Tarong Power Station, near Brisbane, where they paced the new industrial demonstration site that MBD is now building to capture flue-gas CO2 from the coal-fired power plant. MBD has already committed to large-scale OriginOil Single Step Extraction[TM] systems to harvest algae at the one hectare site.
OriginOil released a short video, "OriginOil Scales Up in Australia", featuring the conference, the site tour and the power station visit. Another video, "OriginOil CEO Presents at Algae World Australia 2011" covers CEO Eckelberry's conference presentation. The videos and a photo gallery can be viewed at www.originoil.com/latest-news/originoil-scales-up-in-australia.html.
MBD is regarded as being at the forefront of solutions for stationary industrial emitters such as power stations, smelters and refineries - that securely and efficiently convert captured flue-gas emissions into oil-rich algal biomass via proprietary systems.
About OriginOil, Inc. (web address: www.originoil.com)
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[R], please visit our website at www.originoil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, 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 receive any future payments under the purchase order or any future purchase orders or that the equipment being purchased will be a commercial success. 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:our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization.. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Algae industry gets first field look at new OriginOil technology, delegates at Algae World Australia tour MBD Energy's university test site, view next-generation harvest technologies
algae commercialization, algae oil, algae to oil, ooil, originoil, renewable oil, Riggs Eckelberry, MBD Energy, Single Step Extraction, SSE, , tarong power station, James Cook University, OBQ Weekly, algae flue gas, captured flue-gas oil algal biomass
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|Date:||Sep 1, 2011|
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