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 its Chief Executive Officer Riggs Eckelberry discussed the industrialization of algae to oil and its potential to revolutionize the
renewable fuels industry in an interview on the CEO Radio Network (
www.ceoradionetwork.com).
“Biofuels made from food are not viable long term due to land use and food supply problems,” said Eckelberry. “We can’t use just solar, wind or nuclear energies alone; we also need fast adoption of renewable fuels. Algae is now at the forefront as a portable liquid fuel because it is highly scalable and its growth is prolific. OriginOil has filed five patents for technology that will deliver industrialized algae, giving algae oil the potential to be the biofuel of the future.”
Eckelberry continued, “There is a worldwide need to industrialize the growth of algae, making it in high quantities with predictable turnover and a small footprint. Algae grows for four to five days until it reaches its limit. With additional space, algae expands via logarithmic growth that can be sustained daily. The promise of harvesting algae on a daily basis is the key to the algae revolution. OriginOil’s goal is to help everyone implement its algae to oil technology through a technology export approach with specialized partners in vertical markets and geographic partners who can implement these specialized applications in their regions.”
During the radio interview Eckelberry also discussed the company’s August 14 exhibit at the Green Tech Expo, held in conjunction with the Border Governors Conference. Governor Arnold Schwarzenegger, his top energy and environmental advisor Terry Tamminen and Secretary of the California Environmental Protection Agency, Linda Adams toured the Expo, stopping to meet the OriginOil team. Governor Schwarzenegger and his energy team discussed the algae to oil promise and how OriginOil can become part of the process to meet major challenges such as California’s AB 32, the Global Warming Solutions Act of 2006, and helping to develop the Low Carbon Fuel Standard.
To listen to the entire interview, visit http://www.web-guardian.net/secure/ceoradionetwork/register.html (requires free registration).
About CEO Radio Network (www.ceoradionetwork.com)
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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 Inc CEO Riggs Eckelberry discusses OriginOil algae to oil technology on CEO Radio Network.
Keyword List: algae oil, algae to oil, arnold schwarzenegger governor, ceo radio network, governor schwarzenegger, oil algae, oil from algae, ooil, originoil, originoil inc, renewable fuels, riggs eckelberry
OriginOil, Inc.
Press Contact:
Patti Caron
Toll-free: 877-999-OOIL(6645) Ext. 643
International: +1-424-202-6944
Fax: 424-203-2044
pr@originoil.com
or
Investor Relations Contact:
Tom Becker
Toll-free: 877-999-OOIL(6645) Ext. 641
International: +1-424-202-6944
Fax: 424-203-2044
ir@originoil.com
www.originoil.com
