Good morning!
Biofuels in High Demand
The world needs biofuels, now!
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":
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).