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OriginOil CEO Proposes Accelerating Pace of Renewable Energy Adoption At World Biofuels Market 2009

March 18th 2009, 04:36 pm

– Riggs Eckelberry Describes New Technology Model to Achieve Clean Energy Goals –

Los Angeles, CA – March 18, 2009 – OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, was featured at the Algae Fuels Forum of the World Biofuels Markets 2009 conference in Brussels on March 16, 2009.

As a featured presenter in the conference segment, “Algae as the Ultimate Biomass Source,” OriginOil CEO Riggs Eckelberry showed that current business models would not replace fossil fuels until 2060 – much too late to address climate change and petroleum depletion issues. Eckelberry advocated a new model under which technology innovators could export their breakthroughs to producers all over the world, instead of trying to roll out production on their own.

“We know that algae is likely to become the world’s biofuel of choice, which means that no one producer group is going to dominate,” said Eckelberry. “It’s better to help everyone make algae by sharing technology rapidly and not trying to compete with them as a producer.”
In his presentation, Eckelberry stressed the importance of avoiding applications that require infrastructure, distribution networks, transportation or heavy capital. Instead, he suggested that initial algae markets should target existing industries, such as natural gas-fired furnaces, biodiesel refining factories, ethanol production plants, waste-to-energy operations, and wastewater treatment facilities.

Eckelberry continued, “Rather than developing large-scale facilities that produce algae oil in-house, OriginOil will license its technology for use anywhere in the world. By scaling and sharing the algae oil production process, OriginOil is helping to accelerate the pace of adoption of renewable energy in the world.”

To view Eckelberry’s World Biofuels Markets 2009 presentation in its entirety, please visit www.originoil.com/New_Energy_Challenge.pdf. To view OriginOil’s Company Presentation, please visit www.originoil.com/pdf/OriginOil_Company_Presentation.pdf .

As the largest biofuels event in Europe, the World Biofuels Markets attracts over 1,500 attendees and more than 1,000 exhibitors from around the world. To continue in its tradition of celebrated guest panelists that have included Former U.S. Vice President Al Gore and Jose Maria Figueres Olsen, Former President of Costa Rica, this year’s keynote address was delivered by Sir Bob Geldof, humanitarian, businessman and musician, with a special presentation by Jeb Bush, Former Governor for the state of Florida. The conference link is available at www.worldbiofuelsmarkets.com.

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