Replies to post #59615 on Day Tradexchange Inc. (SYNJ)

[Helter Skelter]

It's the old "mushrooms after the rain"...boys, lol...SYNJ needs to use algae as one of it's {major} feedstocks for biodiesel. Mushroom algae {feedstock} factories with compact biodiesel {Denami} processors/plants in every town. JMO...Eventually.

The problem is not global warming...it's OPEC.

New York Times Spotlights OriginOil's Comments on Major Exxon Algae Investment

CEO Riggs Eckelberry Says Oil Giant’s Move Points to Algae’s Potential to Overtake Petroleum

Press Release
Source: OriginOil, Inc.
On Thursday July 16, 2009, 5:23 pm EDT

LOS ANGELES--(BUSINESS WIRE)--OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, commented on the announcement by Exxon Mobil (ExxonMobil) of a long-term partnership with algae research company, Synthetic Genomics.

In an article by its Greenwire affiliate, the New York Times quoted CEO Riggs Eckelberry’s remarks: "A couple years ago, the petroleum institute said there's only [twenty] years left for oil, and now they're really finally acting on that… Algae is the feedstock to overtake petroleum. It's the real alternative to petroleum." Read the New York Times article.

Simultaneously, Eckelberry’s commentary was also featured in the July 14 issue of Biodiesel Magazine, where he stated, “Algae is now being validated as a legitimate feedstock. It is going to have a long-term outlook with an investment like this.”

In other remarks, Riggs Eckelberry said: “Our own focus is on building the industrial platform for producing any type of algae and we welcome large-scale research into new strains.” The $600 million partnership between Exxon Mobil and Synthetic Genomics plans to genetically engineer new strains of algae.

Speaking at a renewable energy conference held at the United Nations on June 11, CEO Eckelberry outlined a plan to overtake petroleum. He warned that without a new approach, petroleum could remain strong until 2060. Watch this OriginOil video.

“In the world’s planning for renewable energy, the tendency has been to follow old-school energy thinking which focuses on large, centralized facilities,” Eckelberry continued. “OriginOil believes the solution is networked and distributed, and based on large-scale information sharing.” He continued, “We know that entrepreneurs worldwide want to start making biofuels now for their local communities and industries. That’s the model of the future – we call it ‘mushrooms after the rain’.”

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.

Abstract/Short Description

News leaders turn first to OriginOil CEO Riggs Eckelberry for comment on ExxonMobil algae investment.

Contact:
Press Contact:Beckerman Public RelationsMaria-Christina Zajac, [e-mail] Relations Contact:OriginOil, Inc.Tom BeckerToll-free: 877-999-OOIL(6645) Ext. 641International: [phone] Ext. 641Fax: [e-mail]

[pjtrader]

I like, is that a swipe on a culture disc? Cool JT