Riggs Eckelberry, OriginOil CEO. (Photo: OriginOil/FIS)
Project will convert raw algae directly into a renewable crude oil
Monday, January 16, 2012, 22:40 (GMT + 9)
OriginOil, Inc, the developer of a technology to extract oil from algae, plans to co-develop an integrated system with the US Department of Energy’s Idaho National Laboratory (INL) for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries.
OriginOil’s planned Biocrude System will integrate its own harvesting system with biomass processing technology being developed under the recently-announced research agreement with INL, to convert raw algae into barrels of renewable crude oil.
“We already lead the industry with our chemical-free, low-energy, continuous high-flow harvesting system,” said Riggs Eckelberry, OriginOil CEO.
“From there it’s a natural step to helping algae growers make a direct crude oil replacement right on site, giving them direct access to the existing world market for transportation fuels, including jet fuel. That’s an instant upgrade from what is now a niche market, to the immediate 86 million barrels per day global crude oil market,” he continued.
“We are excited to work with OriginOil on its Biocrude System and leverage its algae processing expertise and technology,” commented Dr Deborah T Newby, Project Manager at INL. “Algae is a high energy biomass and can function as a force multiplier to blend in other biomass waste such as from forestry and agriculture into a uniform renewable crude oil substitute. This may well support the US military’s strategic fuels diversification programme.”