Sail-World.com : OriginOil presents viable model for algae-to-oil technology
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OriginOil presents viable model for algae-to-oil technology |
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'Abundant and easy to grow, marine algae is far and away the most promising option for bio-fuel, according to its proponents.'
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OriginOil, Inc, the developer of a breakthrough technology to transform algae into a true competitor to petroleum, announced that the National Algae Association’s (NAA) quarterly conference applauded OriginOil’s presentation of a first-ever comprehensive algae production model, developed with the Idaho National Laboratory (INL) of the Department of Energy under its collaborative research agreement with OriginOil.
CEO Riggs Eckelberry and chief scientist Dr. Vikram Pattarkine took turns outlining the new model in an OriginOil presentation. They used the extensive spreadsheet to illustrate their points interactively.
'We knew that the first company to actually come out and openly document the real productivity picture would face a tough challenge,' said Barry Cohen, executive director of the National Algae Association. 'OriginOil did it and now we have the beginning of an industry model.'
Key contributors included the Idaho National Lab (INL) of the Department of Energy, which helped develop the energy and mass balance model as part of its collaborative research agreement with OriginOil; leading multinational oil and fats producer Desmet Ballestra, for capital costs and materials pricing; and principals of Orineo Renewables, for guidance on pricing and value-add product strategy.
At the end of the presentation, CEO Eckelberry outlined plans to share this first-ever interactive model for algae production through a process of publishing various calculators on the company’s website and also making the detailed model available to researchers.
'Imagine what it means for a business planner or researcher to be able to turn to this model and easily adapt it into their requirements,' said Eckelberry. 'To encourage contribution by all concerned, an industry group like the NAA should ultimately host the model, and we are in talks to do help them do just that.'
The conference will be held on September 17-18, 2009 at the Sheraton North Houston in Houston, TX. In support of its recent response to The Department of Energy's National Algal Biofuels Technology Roadmap, 'Algae: The New Oil' will cover a full range of subjects focusing on the commercialization of the algae production industry, including research, growing, harvesting, extraction and by-products, as well as project financing issues and grant-writing techniques.
Among those presenting will be industry peers from LiveFuels, Inc., Alfa Laval Group, Phycal and Algaeventure Systems, Inc. For more information or to attend the seminar, visit www.nationalalgaeassociation.com.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. OriginOil's technology will produce 'new oil' from algae, through a cost-effective, high-speed manufacturing process.
This endless supply of new oil can be used for many products, such as diesel, gasoline, jet fuel, plastics and solvents, without the global warming effects of petroleum.
Other oil-producing feedstock, such as corn and sugarcane, often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. OriginOil's unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies.
More at www.originoil.com
by OriginOil Inc
10:35 PM Wed 23 Sep 2009 GMT
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