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OriginOil Receives Order for Large-Scale Algae Extraction System

MBD Energy places an order for a large-scale algae extraction system to be installed at the first of three commercial ‘CO2 to Energy’ power station projects in Australia.

Los Angeles, CA — May 23, 2011 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it has received a firm order for a large-scale algae extraction system from a leading solutions provider in the field of industrial CO2 waste management, MBD Energy, Ltd. (MBD). The order follows recent collaborative trials of OriginOil’s equipment focused on optimizing capacity to handle large volumes of algae continuously.

The new system on order is one of the largest next-generation extraction systems of its kind in the world. The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare site at Queensland’s Tarong power station.

“This milestone places OriginOil at the forefront, globally, of delivering high scale, energy-efficient dewatering and extraction of algae, one of the most critical issues facing algae production today,” said Riggs Eckelberry, OriginOil CEO. “Our work with MBD has also proven our ability to help collaboratively integrate other vendors in the process to ensure an end to end solution for our industry.”

With this firm new equipment order, OriginOil will approach its forecast of $1 million in booked sales for products and services in 2011.

“We are currently installing the first hectare of our project at Tarong Power Station in Queensland and OriginOil’s equipment will help us efficiently harvest and process the very large volumes of algae biomass we expect to produce, beginning later this year,” said Managing Director Andrew Lawson, MBD’s Managing Director.

Lawson added that “OriginOil’s participation with us in this landmark power station project provides a strong base for MBD Energy and OriginOil to prosper as a result of a growing pipeline of large-scale CO2 to Energy Algal Synthesizer installation projects at power stations and other emitters in Australia and around the world.”

MBD Energy previously committed to a mobile OriginOil extraction unit to support the building stage of the one hectare proof of concept phase at Tarong Power Station, one of Australia’s three largest coal-fired power plants. Once the large-scale system is in place, the mobile unit will be deployed at the next power station pilot site, and so on.

According to MBD Energy, the one hectare facility will use the power station’s CO2-laden flue-gas to feed a Bio-CCS (Bio-based Carbon Capture and Storage) Algal Synthesizer. It will serve as proof of concept for a larger, second stage facility of up to 80 hectares (197 acres) before being progressively expanded to a much larger third stage facility.

MBD Energy is regarded as being at the forefront of solutions for stationary industrial emitters such as power stations, smelters and refineries – that securely and efficiently converts captured flue-gas emissions into oil-rich algal biomass via proprietary systems.

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.

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