Skip to content
Get On Our CEO's List

Algae Enables Clean Coal

From: Riggs Eckelberry
Los Angeles, January 28, 2011

From: Riggs Eckelberry
Los Angeles, January 28, 2011

Happy Friday!

In today’s MoneyTV interview: about a million dollars in potential revenue to OriginOil from the one-hectare location being built this year at MBD Energy’s first power plant site.

The Massive Scale of Cleaning Coal

Now hear this: long term, MBD plans to take each of the three sites to 1,600 hectares (about 5,000 acres). That multiplies this one site 4,800 times over.

Even allowing for cost efficiencies as we scale up, that is a very fine pipeline representing years of business for us.

This kind of money does make you sit up and pay attention! It signals that algae’s biggest business TODAY is to absorb all that CO2 and make clean coal (and oil, and natural gas…)

As I said in Don’s interview, algae turns from a cool future ‘alternative’ to a right-now player in mainstream energy. Because compared to burying all that CO2 underground, algae is cheaper, faster and more beneficial.

Algae’s New Color is Black

In his State of the Union address Tuesday, President Obama called on clean coal and natural gas to help achieve a “clean energy standard” of 80 percent by 2035.

That’s some heavy lifting. Many billions will be spent to ‘clean’ coal, and algae is the solution of choice. That’s why algae’s new color is… black.

Oh — and did you know that processing natural gas liberates large amounts of CO2? Again — algae to the rescue.

Yep, this is how those huge algae sites are going to get built. By helping to clean up fossil fuels.

And we’re right in the middle of the largest effort yet!

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Remember to link with me on Twitter (riggseck), and OriginOil too

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Like this story?
Share this on Facebook!