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