Origin Oil Enters into a OEM Partnership with Desmet Ballestra
Origin Oil , the developer of a Quantam Fracturing technology had announced his first potential customer – MBD energy in 2010 has now announced that they will be focusing on embedding its technology into industrial algae systems.
Essentially, OriginOil will work with OEMs (Original Equipment Manufacturers) to integrate its extraction technology into their branded systems.
The OEM category includes manufacturers, distributors, engineering service firms, system integrators and also specialty operators in high-value markets such as nutritionals and beauty products.
For this venture, the company will be backed by its few strategic partners to help prove and scale the company’s extraction technology. Ricks Eckeleberry says that they now plan to embed their technology into the industrial algae systems that others build.
They are relying on their strategic partners like Australia’s MBD Energy which will help the Company scale up its technology, proving its value in the field. These commercial scale-up programs will avoid the large capital expense of pilot plants for OriginOil while technology agreements protect its intellectual property.
As its first potential OEM relationship, OriginOil has an early-stage partnership with Belgium’s Desmet Ballestra, a global leader in oil seed extraction and a pioneer in the implementation and sale of full-scale algae extraction systems, with operations in Egypt, Nigeria, Sudan, Argentina, Brazil, Columbia, Mexico, the United States, China, India, Malaysia, Singapore, South Korea, Taiwan, the United Arab Emirates, Belgium, Bulgaria, Romania, Russia, Spain, Turkey, and the United Kingdom.
January 22nd, 2011 at 6:06 pm
Thank you Sumukhi! I just want to make it clear that this potential OEM partnership is not new. It was agreed in May 2009 – see http://bit.ly/eQpbas. We still have to validate our technology in the field through our strategic partners before we can officially start to work with OEMs and licensees.
Riggs Eckelberry, CEO, OriginOil.