Monday, November 24, 2008 10:05:18 PM
OriginOil, Inc., a development stage company, focuses on developing a technology to transform algae into an alternative to petroleum. Its patent-pending OriginOil System is an advanced bioreactor system, in which microalgae would grow and crack to extract algae oil for fuel and chemical production. The company was founded in June 2007 and is based in Los Angeles, California.
OOIL News Yesterday, OriginOil announced that the company has been named as one of the Top 100 Clean Energy Technologies by the New Energy Congress. NEC ranks OriginOil as the top algae company. The New Energy Congress is an association of energy professionals from around the world who review the most promising claims to existing and up-and-coming energy technologies that are clean, renewable, affordable, reliable, easy to implement and safe. From this ongoing review, NEC generates its Global Top 100 Clean Energy Technologies listing. "We are pleased to welcome OriginOil to our listing of top renewable energy companies. Algae is carbon neutral and holds tremendous potential as an energy resource. OriginOil is addressing the challenges to large-scale production," said Sterling D. Allan, CEO of the New Energy Congress. "OriginOil is developing a practical, industrial process that can make algae a viable, cost-competitive alternative to petroleum."
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