OriginOil (OTC/BB:OOIL), which is developing a technology to extract oil from algae, formed a partnership with the Department of Energy’s Idaho National Lab to co-develop a system that directly converts raw algae into crude oil that can be used by existing petroleum refineries.
OriginOil’s planned Biocrude SystemTM will integrate its algae harvesting system with state-of-the-art biomass processing technology being developed in partnership with Idaho National Lab, to convert raw algae into barrels of renewable crude oil.
This much cleaner replacement for conventional petroleum will be designed to be compatible with conventional petroleum refineries.
Algae crude can also be blended with other biomass waste, such as from forestry and agriculture, into a uniform crude oil substitute.
"From there it’s a natural step to help 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," says Riggs Eckelberry, OriginOil CEO.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods.
Using its Single Step Extraction technology, OriginOil efficiently dewaters and breaks down algae in water, overcoming one of the greatest challenges in making algae a viable replacement for petroleum, and saving substantial amounts of energy.
Conventional algae oil extraction systems use petrochemical or alcohol solvents to extract algae oil.
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