In an unassuming converted warehouse in Los Angeles, the 10 employees of OriginOil are working to perfect the way microscopic algae is grown and refined.They hope that within a few years the methods they use to make small batches of greenish-colored algae mixtures in the laboratory will be imitated in 2,500-gallon (9,460 liter) tanks around the world. And that the oil extracted from the algae will in many cases replace petroleum.
The company is led by co-founders and brothers Riggs Eckelberry, CEO and president, and inventor Nicholas Eckelberry. Recently hired Vikram Pattarkine is chief technology officer.
Riggs Eckelberry said costs of the technology were still being studied, along with oil yield but that yields compared favorably with large-scale algae refineries in Japan, although OriginOil's results were from small tanks in the laboratory.See more
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