UPDATES

Good morning!

No one does summer better than the French. Now back from their long vacations with those great tans, they're getting busy.

France turns to renewables - finally

Last week the government convened a major review last week of its energy policy.

Did you know that France is the world’s most nuclear-dependent economy? Imagine a country where three-quarters of its energy needs are met by this one source.

That means renewables like biofuels, wind and solar have taken a back seat.

That’s set to change.

With France’s new President pledging to cut nuclear reliance to 50% by 2025, that means a boom is on the way for renewables in that country.

Talking? Or Doing!

Forgive the French media for thinking it’s all a bunch of talk!

That’s why BFM Business, France’s business news network, covered our progress in prime time… to highlight that someone is doing, while the government is talking.

While it’s in French, this video will give you a chance to look at what’s being built, and some of the designs. Here's an article on the same major business network.

By the way, our architects also won a Grand Prize at the 2011 International Algae Competition for re-imagining Chicago’s Marina City Towers (watch the video here).

Beauty and function can coexist in algae too. The French will show us how!

Europe shuts down food crops for fuels

Amid record-setting droughts, the European Union will now explicitly discourage use of food crops for biofuels.

But it still needs to make its 10% biofuels target for 2020!

So in eight years, a ~$22 billion annual biofuel market in the EU will have to double entirely via non-food feedstocks, including algae.

Our Ennesys demo site will position us well to demonstrate our cool algae harvesting systems.

(Thank you to Pavel Molchanov at Raymond James Equity Research for pointing me to this information.)

Fracking advocates predict cleanup boom

Here’s an interesting article, which makes no bones about its support for hydraulic fracturing, or fracking.

We’re not here to promote fracking. Algae remains the best solution to many of our acute environmental problems.

But fracking is a fact of life in the USA today, and increasingly elsewhere in the world.

And even major fracking supporters make it clear they strongly support water cleanup, which is where we come in:

More companies are recycling or reusing the flowback water because it makes both economic and environmental sense… The demand for wastewater disposal and recycling is creating opportunities for new companies with emerging technologies to treat wastewater. …the increased demand for wastewater treatment has driven the process to be cleaner and cheaper.

Indeed!

OriginOil moves into licensing phase

Thank you for your tremendous response last week to our announcement that we are moving into our main business of licensing our technology!

CLEAN-FRAC™, our oil and gas cleanup process, is now being delivered physically to partners like the Department of Energy, which will be proving it alongside other, older technologies.

You can expect us to report on these developments soon!

Enjoy the rest of your week.

Riggs and team

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

OriginOil to License its Process for Oil & Gas Market