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Origin oil wins - "2010 Transformative Technology 30" awards. 3

OriginOil, the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced June 22 that it has been selected as a winner of the Biofuels Digest "2010 Transformative Technology 30" awards.

Chosen by subscribers of the Biofuels Digest, the publisher of the most widely-read biofuels daily newsletter in the world, this year's "Transformative Technology 30" recipients were selected from more than 48,000 votes, which were compiled during the contest's three-weeklong voting period.

The readers chose from more than 250 companies, universities and national laboratories, including 100 organizations that received write-in votes, to determine which industries and which specific organizations were responsible for helping to radically alter the world's biofuels landscape over the past year.

OriginOil's category, "MicroAlgae," placed first in the publication's "Leading Categories" section, receiving 17.83 percent of the votes, while OriginOil itself placed among the "Leading Organizations" section, alongside other industry powerhouses such as DuPont, Honeywell, Sapphire Energy and Ford Motor Company.

Jim Lane, editor of the Biofuels Digest, said: "OriginOil continues to prove in poll after poll that its technologies have made a consistently positive impression on the bioenergy community and have created a fund of goodwill for the company."

"We are extremely honored and pleased to continue to be hailed by such a prestigious publication for our efforts in the algae-to-oil space," said Riggs Eckelberry, President and CEO of OriginOil.

"With each passing day, we have seen more and more just how important it is for us to develop sustainable fuels to dramatically reduce our petroleum addiction.

"Especially in light of the Oil Spill, the American public is quickly realizing that we must act quickly to satisfy the demand for scalable and affordable biofuels, and as this poll indicates, algae is the key solution."

More information on other winners of the "Top 30 Transformative Technologies" awards can be found at http://biofuelsdigest.com/bdigest/2010/06/21/2010-transformative-technologies-30-announced-by-biofuels-digest/.

News of this announcement comes on the heels of other developments from OriginOil, including the company's signing with its first official customer, MBD Energy, an Australia-based company.

With this Memorandum of Understanding, OriginOil will supply MBD Energy with its Quantum Fracturing? and Single-Step Extraction? systems for a multi-phase commercialization program that has the potential for both algae harvesting and bioremediation, which can purify areas contaminated by disasters such as oil spills.
Wed June 23 2010 04:49:44 AM by MiaFranceska Origin oil 1765 views

Comments - 3

  • Shankar wrote:
    Fri June 25 2010 10:55:30 PM

    What is so great about Origin oil ! Who has funded them? Meaning which VC ?
    What are the major breakthrus done by them and how do they differ from others.
    What is the most significant achievement by them and how it can be a game changer ?
    What will be their present valuations ?

    Vote Up! 1 Vote Down! 0

  • Arden wrote:
    Sat August 28 2010 03:02:06 AM

    OriginOil, Inc. is a Nevada corporation with a fiscal year end of December 31st. It is a fully-reporting public company. Traded in Nasdaq

    The company recently filed for patent protection of the new hydrogen harvesting technology, its tenth patent application, entitled "Bio Energy Reactor." While the invention is applicable to any photosynthetic organism, algae is thought to be most productive.

    Hydrogen has often been called the perfect fuel. Its major reserve on earth (water) is inexhaustible, meaning that we will never run out of hydrogen. Hydrogen, if produced cleanly, efficiently and affordably from renewable resources, is the ultimate green energy solution: It produces no air pollutants or greenhouse gases when used in fuel cells and the only pollutants generated when burned in internal combustion engines are nitrogen oxides (NOx).

    The National Renewable Energy Laboratory (NREL) has stated that producing hydrogen by direct water-splitting technologies ? using photosynthetic microorganisms ? is the "Holy Grail" of the hydrogen economy, the ultimate clean and sustainable hydrogen production method, and is the focus of long-term R&D efforts at NREL.

    OriginOil believes that the new Hydrogen Harvester could represent the breakthrough needed to power the hydrogen economy. That is opening up a totally new avenue all together.

    Vote Up! 1 Vote Down! 0

  • Natalia wrote:
    Fri October 08 2010 03:30:39 PM

    Origin oil's contract with MBD energy has been publicised enough.
    Here is more news about the latest in the Origin Oil MBD energy contract.


    Vote Up! 0 Vote Down! 0

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