Tuesday, February 17, 2009

OriginOil signs agreement with U.S. DOE

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Los Angeles-based algae oil technology developer OriginOil Inc. has signed a cooperative agreement with the U.S. DOE’s Idaho National Laboratory in an effort to help validate and commercialize OriginOil’s algae-to-oil technology into the mainstream market.

The multi-phase research program will focus on commercial scaling of OriginOil’s technology in the production of algae-based fuels by utilizing state-of-the-art equipment, capabilities, scientists and engineers of the Idaho National Laboratory. The initial phase will focus on the collaborative development of an energy balance model for photobioreactor-based algae systems. The company expects to use this model in the optimization of its algae-to-oil technology as early as the first quarter of this year. Subsequent phases will center on validation of OriginOil’s processes and piloting specific commercial applications.

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