OriginOil, Inc. (OOIL.OB)

Posted: Tue Jul 08, 2008 10:04 pm

OriginOil, Inc. is a company that is developing a technology to turn algae, a renewable source of oil, into an alternative to petroleum. Their technology is expected to produce "new oil" from algae through an efficient, high-speed manufacturing process. The company's patent-pending OriginOil System is an advanced bioreactor system. With it, they will extract algae oil for fuel and chemical production.

Founded in June of last year, OriginOil has their headquarters in Los Angeles, California. The company's goal is to provide this alternative oil product for use in many configurations such as diesel, gasoline, jet fuel, plastics, and solvents without the global warming effects of petroleum. The company's OriginOil System uses Quantum Fracturing technology and the OriginOil System functions as a continuous oil-producing industrial process. The company's system works as such: Algae growth occurs in a bioreactor, in which chemical or biological reactions take place. A network of bioreactors serves the OriginOil System, depending on the scale required. In extraction, the Quantum Fracturing Unit fractures a solution of proprietary catalysts injected into the extraction tank. It then creates an ultrasonic effect that cracks the algae cell wall open and releases the oil.

In June, OriginOil Inc. announced their adoption of a continuous batch production process they have named OriginOil Cascading Production™. Algae can expand rapidly if given the space. When fully mature, it stabilizes and grows very little. If you expand the space by a factor of ten, then the algae population increases to occupy the new volume, often quickly. OriginOil's Helix BioReactor™ growth vessel adds the efficiency needed to combine incubation and larger tanks in one. Once the algae matures, 90 percent of it is transferred for harvesting. The remaining 10 percent can then expand into the Helix BioReactor, and the process repeats itself.

On July 2, the company announced that it would present at the National Algae Association Business Plan Forum on July 17 in The Woodlands, Texas . The appearance of CEO Riggs Eckelberry will take place on the afternoon of July 17, and will represent OriginOil's first public presentation of its technology and go-to-market planning. The company has filed a series of patent applications for its proprietary technology .

Joined: 26 Oct 2007 Posts: 406

Really interesting company

Good news out today too!

OriginOil Reports Positive Results From Laboratory Scale System

Business Wire "US Press Releases "

LOS ANGELES--(BUSINESS WIRE)--

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 the
fine tuning of the Helix BioReactor(TM) subsystems has yielded
positive results.

In its original May 2008 patent filing for the Enhanced Algae
Growth System, the company reported initial algae production metrics
based on its first prototype of February 2008. Since that time, the
engineering team has fine tuned the Helix BioReactor subsystems to
further increase performance characteristics. These have now yielded
sufficient results to begin design and layout of larger scale systems.

Senior technical advisor Paul Reep commented: "Discrete testing of
each system component is now being performed to ensure better
projection of the performance of larger systems." He continued, "These
tests have also been helpful in contributing to the ongoing design
study to identify low cost Commercial Off The Shelf (COTS) components
for use in full scale systems."

"COTS is a preferred design/build standard that can lower initial
production costs and afford many advantages that greatly simplify
in-field operational maintenance," said CEO Riggs Eckelberry. "We are
committed to algae production systems that use simple, commodity
materials and construction for maximum adoption worldwide."

Eckelberry added, "We are extremely pleased with the progress of
the technology team as it scales up its prototypes. The growth metrics
we are encountering are extremely positive and are being validated by
external reviewers. We believe that we are well on our way to
achieving a competitive fuel that can truly compete with petroleum."