(Source: Business Wire)
OriginOil, Inc. (OOIL),
the developer of a breakthrough technology to transform algae, the most
promising source of renewable
oil, into a true competitor to petroleum, announced that the
company's Chief Scientist, Dr. Vikram Pattarkine, will address an
investor-oriented audience with a presentation on algal biofuels during
the BioEnergy Day 2009 Conference in Toronto, on November 24, 2009.
Dr. Pattarkine will be a panel presenter at a session entitled, "North
American Advanced Bioenergy," where he will discuss alternative energy
sources and algal biofuels as a promising and much-needed technology
solution.
Unlike many current approaches to algae oil cultivation, OriginOil is
rapidly moving toward the path of commercialization by employing several
next-generation technologies to greatly enhance oil extraction, which
allows for the creation of a high-yield, cost-competitive replacement
for petroleum.
"We continue to expand in the tech arena and look forward to utilizing
biofuels to its fullest potential," said Dr. Pattarkine. "The Canadian
government has committed to a 5 per cent average renewable content in
gasoline and diesel fuels by 2010, and we believe algae would be one of
the most promising feedstocks for achieving this goal."
OriginOil recently unveiled a series of announcements, including: a Single
Step Extraction, or a low energy process to extract oil from algae;
the completion of Phase 1 of a Cooperative Research and Development
Agreement with the U.S. Department of Energy's Idaho National Laboratory
(INL) to develop a comprehensive mass-energy balance of OriginOil's
proprietary process; and patent protection for its new Attached Growth
System, which plans to be integrated into a demonstration algae system
currently being built at OriginOil's headquarters.
Dr. Pattarkine and OriginOil CEO Riggs Eckelberry recently spoke at the
National Algae Association's quarterly Conference in Houston and
outlined a plan to share the first-ever interactive model for algae
production. Earlier this year, Dr. Pattarkine also spoke at the Asian
Development Bank's Annual Developing Member Countries Sanitation
Dialogue on how algae could be integrated into wastewater treatment
applications.
BioEnergy Day 2009 is a unique one-day conference and opportunity for
institutional investors to meet with executives from power, oil
refining, forest products, fertilizer and sustainable fuel companies.
The conference will take place on Tuesday, November 24 at Le Royal
Meridien King Edward Hotel in Toronto, Ontario. A webcast of the event
will be available at www.scotiacapital.com.
About OriginOil, Inc.
OriginOil, Inc.
