OriginOil CEO Proposes Ways to Accelerate the Pace of Renewable Energy Adoption at Algae Fuels Forum of the World Biofuels Markets 2009
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MORE: Algae: the Truly Green Solution to the World's Energy Problem - VIDEO FEATURE
LOS ANGELES--OriginOil, Inc. the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, was featured at the Algae Fuels Forum of the World Biofuels Markets 2009 conference in Brussels on March 16, 2009.
As a featured presenter in the conference segment, “Algae as the Ultimate Biomass Source,” OriginOil CEO Riggs Eckelberry showed that current business models would not replace fossil fuels until 2060 – much too late to address climate change and petroleum depletion issues. Eckelberry advocated a new model under which technology innovators could export their breakthroughs to producers all over the world, instead of trying to roll out production on their own.
“We know that algae is likely to become the world’s biofuel of choice, which means that no one producer group is going to dominate,” said Eckelberry. “It’s better to help everyone make algae by sharing technology rapidly and not trying to compete with them as a producer.”
In his presentation, Eckelberry stressed the importance of avoiding applications that require infrastructure, distribution networks, transportation or heavy capital. Instead, he suggested that initial algae markets should target existing industries, such as natural gas-fired furnaces, biodiesel refining factories, ethanol production plants, waste-to-energy operations, and wastewater treatment facilities.
Eckelberry continued, “Rather than developing large-scale facilities that produce algae oil in-house, OriginOil will license its technology for use anywhere in the world. By scaling and sharing the algae oil production process, OriginOil is helping to accelerate the pace of adoption of renewable energy in the world.”
To view Eckelberry’s presentation in its entirety, please visit www.originoil.com/New_Energy_Challenge.pdf. To view OriginOil’s Company Presentation, please visit www.originoil.com/OriginOil_Company_Presentation.pdf.
As the largest biofuels event in Europe, the World Biofuels Markets attracts over 1,500 attendees and more than 1,000 exhibitors from around the world. To continue in its tradition of celebrated guest panelists that have included Former U.S. Vice President Al Gore and Jose Maria Figueres Olsen, Former President of Costa Rica, this year’s keynote address was delivered by Sir Bob Geldof, humanitarian, businessman and musician, with a special presentation by Jeb Bush, Former Governor for the state of Florida. The conference link is available at www.worldbiofuelsmarkets.com.
About OriginOil, Inc.
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. Today, our 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. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, 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 attain the aforementioned anticipated developmental milestones. 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: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Abstract/Short Description
OriginOil CEO Riggs Eckelberry proposed a new technology model to achieve clean energy goals at the Algae Fuels Forum of the World Biofuels Markets 2009, this week in Brussels.
Keyword List
algae biofuels, algae oil, algae oil extraction, algae to oil, alternative to fossil fuels, fossil fuels, how to extract oil from algae, oil algae, oil from algae, ooil, originoil, riggs eckelberry
MORE: Algae: the Truly Green Solution to the World's Energy Problem - VIDEO FEATURE
