OriginOil Inc. is a company that has captured the attention of investors. Located in Los Angeles, California, OriginOil has developed a breakthrough technology that has the potential to transform algae into a true competitor to petroleum. Today, OriginOil took a major step towards prominence by announcing a strategic partnership with MBD Energy Limited.
MBD Energy Limited will be OriginOil’s first customer and is regarded as an international leader in the use of captured flue-gases as feedstock to produce algal biomass. Earlier this year MBD became a customer of OriginOil for a research-scale system which proved highly successful. Based on that success, MBD will purchase progressively larger systems to serve its three major power station projects in Australia.
Leading the way at OriginOil is Riggs Eckelberry who serves as the company’s CEO. Commenting on what this strategic partnership with MBD Energy will mean to the future of OriginOil and possibly the industry as a whole, Eckelberry was quoted as saying, “They will help us improve our own products in the field while assigning all such improvements to us, and we will also develop integrated systems together.” He added, “We welcome Australia’s MBD Energy as our first geographical partner and look forward to many years of mutual growth in the fast-moving field of CO2 capture using algae.”
Currently, OriginOil is trading in the $0.14 range. This young company has taken the utilization of algae to the next level and beleives that algae is the most promising source of renewable oil in the world. With this use and a strong management team in place, look for OriginOil to make a splash in the marketplace.
To learn more about this partnership or OriginOil as a whole, visit the company website at: www.originoil.com
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