OriginOil focuses on other markets

OriginOil, Inc., a development-stage company and the developer of a breakthrough technology that converts algae into renewable crude oil, announced that its platform technology has multiple market implications that go beyond the algae industry. “We are seeing additional revenue and growth opportunities where our technology has the potential to become a cost-effective strategy in multiple vertical industries,” said Riggs Eckelberry, OriginOil CEO. “For example, oil and gas drilling, industrial wastewater treatment, toxic remediation and any place that organic solids are separated out of liquids may be a potential growth market for our suite of extraction technologies.” OriginOil has a patent-pending portfolio of extraction technologies that are based on ‘Single Step Extraction,’ known collectively as ‘SOS’ or ‘Solids Out of Solution,’ which was originally developed to extract algae from the water in which it grows. But the company said laboratory test show that the SOS system is effective on petroleum ‘frac flowback’ water because it effectively removes solids, soluble organics, as well as emulsified liquids from water through a single, chemical free and low energy step. “Early on, we had to learn how to dewater algae without chemicals and with very little energy. We then realized we have a platform that potentially opens up significant additional addressable markets which we are exploring for near and long term growth,” Eckelberry explained. Those markets could include algae, produced water market, and industrial wastewater treatment market. (June 21, 2012)