Los Angeles, California – California-based OriginOil will develop an integrated system with a U.S. Department of Energy laboratory that would directly convert raw algae into a renewable crude oil that could be used by existing petroleum refineries. The company will work with the government’s Idaho National Laboratory (INL)
“We believe this is a major breakthrough for OriginOil and a major step forward for the algae industry,” said CEO Riggs Eckelberry. “We already lead the industry with our chemical-free, low-energy, continuous high-flow harvesting system.
“From there it’s a natural step to helping algae growers make a direct crude oil replacement right on site, giving them direct access to the existing world market for transportation fuels, including jet fuel. That’s an instant upgrade from what is now a niche market, to the immediate 86 million barrel-per-day global crude oil market.”
OriginOil will integrate its harvesting system with biomass processing technology being developed under the recently-announced research agreement with INL. The process will convert raw algae into barrels of renewable crude oil.
The algae oil is designed as a replacement for conventional petroleum and is compatible with conventional petroleum refineries. It could also be blended with other biomass sources, such as forestry and agricultural waste, to improve their performance.