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FLASH – Algae’s First Billion Dollar Deal

From: Riggs Eckelberry
Los Angeles, December 23, 2010

From: Riggs Eckelberry
Los Angeles, December 23, 2011

Good Morning!

I was just talking about the coming algae boom – and here is the first sign:

This week, Dutch vitamin giant Royal DSM agreed to acquire algal-based pioneer Martek Biosciences for US$1.087 billion in an all-cash transaction.

Publicly-traded Martek is a world leader in algae-based nutritional products. For example, Martek’s flagship product is found in 99% percent of U.S. infant formulas.

Biofuels Digest covered this story today in an article that discussed DSM’s long-term interest in “chemicals, fuels, foods, plastics or other uses for renewable oils”.

With this transaction, the algae industry is clearly positioned for industrial scale and a massive future.

As we move into 2011, we plan to continue our own path to success and — with your continued support — achieve our own deserved value in our industry.

Stay warm!

Riggs and team

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

Remember to link with me on Twitter (riggseck), and OriginOil too

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