Get On Our CEO's List

Biofuels heat up at the global scale

From: Riggs Eckelberry
Los Angeles, November 8, 2011

From: Riggs Eckelberry
Los Angeles, November 7, 2011

Good morning!

Biofuels in High Demand

The world needs biofuels, now!

  • Look at Japan, which looks to adopt biofuels as nuclear dwindles (article).
  • Look at Germany, which is committed to ending its nuclear program.

That's why Mumtaz Khan, chief executive officer of Maybank MEACP Pte. has raised $150 million for clean power projects and plans to raise an additional $350 million by the end of 2012.

“If you’re lucky, you can get 11 percent in an oil or gas project in the Middle East,” Khan said. “In comparison, a biomass project in the Philippines could get you above 20 percent.”

Money talks.

In fact, "the clean energy industry attracted a record investment of $243 billion in 2010, topping investments in conventional power projects for the first time", according to Michael Liebreich, chief executive officer of Bloomberg New Energy Finance. (more)

More investment in clean energy than in conventional power? I like being in clean energy.

Helping Our Partners Win

It's very clear that the algae industry is starting to heat up.

And so it's a big deal that we now pre-treat algae before harvest, another competitive advantage for our partners.

As you know, we've announced the first two technologies in a "promising suite of technologies to pretreat the algae while it is still in growth phase":

  • In one project to improve extraction rates, our team learned how to improve cellular extraction by up to 15%, by injecting a natural substance just before the harvest.
  • In another successful experiment to "soften up" the algae using electromagnetic pulses, we also found impressive gains in algae growth, an unexpected dividend!

There's a race on for better growth and sustainability in algae production. We're helping our partners win it.

Enjoy your week!

Riggs and team

 

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

View Paul Reep's presentation at the Algae Biomass Summit. (PDF download).

Like us on Facebook to see our photostream!

Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

CEO Updates

View all CEO Updates»

X Click here to invest in clean water for the world.