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OriginOil

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OriginOil Inc.
(OTCBB: OOIL)

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"Origin Oil, Inc. discusses Algae to Energy with CEO Radio Network"

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Financial Snapshot:

Business:

Alternative Energy Company

Exchange:
OTCBB
Symbol:
OOIL
Current Price (07/25/09):
$.36

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OriginOil Inc. (OTCBB: OOIL)

Detailed Quote: http://www.otcpicks.com/quotes/OOIL.php

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Company Overviewimg

OriginOil Inc. (OOIL) is developing a portfolio of new technologies for producing oil from algae, a next-generation biofuel feedstock that may yield 30 times more energy per acre than crops such as soybeans. The biofuel produced by the OriginOil System can replace petroleum in various applications such as diesel, gasoline, jet fuel, plastics and solvents. In addition, by-products of algae oil extraction can be used for animal feed. By creating a fuel that replaces fossil fu el, OOIL also helps producers garner saleable carbon credits. The OriginOil System can be operated as a stand-alone production system or connected in a parallel network. OOIL’s proprietary process is supported by intellectual property assets that include five patent filings and one international Patent Cooperation Treaty (PCT).

Efficiently producing oil from algae in a closed system requires cultivating an algal strain with high lipid content and a rapid growth rate, which in turn requires the right combination of water, sunlight, nutrients and carbon dioxide. In addition, algae organisms are protected by a tough cell wall, which must be cracked to extract the oil. This is normally an energy-intensive process. OOIL has successfully developed a cost-effective cultivation and extraction system that is also safe and energy-efficient. The cultivation system, known as the Helix BioReactor™, is designed to increase and optimize photosynthetic growth of algae. This system has been deployed in OOIL’s laboratory prototypes, and will be expanded for use in pilot systems in 2009 and in full-scale production systems looking ahead. In December 2008, OOIL announced the successful automation of its Helix BioReactor™ system, which makes large-scale commercial algae production scalable. To help dissolve nutrients in the growth phase and solve the tough cell wall problem in the extraction phase, the Company has developed the Quantum Fracturing™ process, which uses ultrasound from intense fluid fracturing to break down algae cells, much in the same way a high-frequency sound wave breaks glass. Combined with the use of tuned low-power microwave radiation, t his process maximizes oil yield while minimizing energy use.

Since the Company’s shares began trading on the OTCBB market in late April of last year, OOIL has garnered considerable media attention. The Company was discussed in Forbes.Com, and both the Los Angeles Business Journal and Biodiesel magazine printed stories about OOIL in their August 2008 issues. In addition, the Company was recently selected as one of the “50 Hottest Companies in Bioenergy” by Biofuels Digest, and named as one of the “Top 100 Clean Energy Technologies” by the New Energy Congress.

Cooperative Agreement with Idaho National Laboratory

In February 2009, OOIL announced a cooperative agreement with the U.S. Department of Energy's Idaho National Laboratory (INL). The parties agreed upon a multi-phase research program that will focus on validating and commercially scaling OOIL’s technology for producing algae-based fuels, utilizing INL’s state-of-the-art equipment, capabilities, scientists and engineers.

The initial phase of the research program, which began in February, focuses on the collaborative development of an energy balance model for photobioreactor-based algae systems. OOIL anticipates using this model to optimize its algae-to-oil technology as early as the first quarter of 2009. Subsequent phases will seek to validate OOIL’s processes and pilot specific commercial applications.

The Idaho National Laboratory is a science-based, applied engineering national laboratory that supports the Department of Energy (DOE) on energy research and national defense. Its mission is to ensure U.S. energy security. Part of INL’s mandate is to facilitate the development of advanced renewable energy technologies into cost-effective, scalable industrial processes. OOIL’s partnership with INL may help advance America’s progress toward energy independence.

Technology Development Update

The Company is developing a technology for producing biofuel from algae using a cost-effective, high-speed process. Biofuel may replace petroleum in diesel, gasoline, jet fuel, plastics and solvents applications. 

OOIL’s research addresses the three primary challenges of cultivating algae for oil:

1. Algae growth is dependent on a calm fluid environment; algae don’t like agitation. One of the primary challenges facing growers is how to optimally introduce carbon dioxide (CO2) and nutrients into the system without disrupting or over-aerating the growing algae culture.

2. Algae require light as a source of energy to fuel its growth. Algae cultivation systems must also distribute light cost-effectively and evenly within the algae culture.

3. Algae organisms are protected by a tough cell wall. That wall must be cracked — normally an energy-intensive process — to extract the oil. The challenge is to maximize oil yield by cracking as many of the algae cells as possible with the minimal amount of energy.

The Company is developing a portfolio of proprietary technologies to address these challenges, including Quantum Fracturing™ and the Helix BioReactor™. OOIL has five patent applications pending. Its patent-pending processes are described below:

Quantum Fracturing™ is a process that works at the microscopic level to unlock biological and chemical properties, and facilitate total, instantaneous distribution of CO2 and nutrients to the algae culture with minimal disruption.

Helix BioReactor™ is an advanced algae growth system for growing multiple layers of algae biomass around-the-clock by optimizing light delivery.

Modular and Scalable Growth System is a system for enhancing and optimizing algae growth through horizontal and vertical “stacking” of multiple Helix BioReactors into an integrated network of fully automated, portable and remotely monitored growth units.

Lysing and Extraction System for Microorganisms is an energy-efficient method for extracting oil from algae using tuned microwaves and Quantum Fracturing without the need for chemical solvents.

Algae Catalyzer is a process relating to the on-site conversion and sequestration of algae biomass for electricity. CO2 recovery minimizes carbon requirements while cogeneration maximizes available energy.

Helix BioReactor automation

The heart of the Company’s system is the Helix BioReactor, an advanced algae growth system for growing multiple layers of algae biomass around-the-clock. In a natural pond, the sun illuminates only one layer of algae growth, penetrating down to about half an inch below the surface. In contrast, the Helix BioReactor features a rotating vertical shaft with very low energy lights arranged in a helix or spiral pattern, which supplies light for a theoretically unlimited number of layers. Additionally, each lighting element is engineered to produce specific light waves and frequencies for optimal algae growth.

The helix structure also provides the BioReactor’s nutrient delivery system, through which the Quantum Fractured nutrients and CO2 are evenly delivered across the entire algae culture. Nutrients can be monitored and adjusted for optimum growth.

In September 2008, the Company reported improvements to the Helix BioReactor subsystems that enhance its performance characteristics. The Company is now in the process of designing and laying out larger-scale systems. 

In December 2008, OOIL announced the successful automation of its Helix BioReactor system for optimizing algae growth and making commercial algae production scalable. The Helix BioReactor’s unique design allows algae culture to replicate exponentially within a smaller installation footprint. Automation of this system is a key step toward continuous algae production, allowing greater control of the growth environment and efficient, low-cost industrial algae production.

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The Need For A New Oil

Exponential Demand for Oil

Petroleum has fueled the world's energy needs for the past century. Today, rapid industrialization in once-developing countries such as China and India is dramatically increasing worldwide oil consumption. In 2007, global oil demand rose twice as fast as it had the year before, reaching 36 billion barrels per year and a critical price point of more than $140 per barrel before finally pulling back in late 2008. The Energy Information Association’s predicted global oil demand of 43 billion barrels per year by 2030 may well be reached long before that date.

Old Oil is a Problem

Unfortunately, oil supplies are decreasing. Producers are now drilling in ever-more-remote, war-torn and environmentally sensitive areas. On the way to running out of oil altogether, the world will experience serious shortages that will cause catastrophic economic dislocation and decades of continued fighting over the last remaining reserves.

In addition to being a fast-depleting resource, oil is a dangerous polluter and a major contributor to global warming when it is burned as a fuel — emitting over 3 billion metric tons of carbon dioxide per year into the atmosphere.

Replacing Oil Is a Challenge

Alternatives like hybrid, hydrogen and electric power are attractive but will take decades to phase in because they will require new infrastructure. Petroleum still powers the world today in the form of gasoline, diesel, jet fuel, fuel oil, as well as chemical products like plastics, solvents, fertilizers and pesticides.

Trillions of dollars are invested in the world’s oil infrastructure. The only viable replacement for petroleum is a new fuel that is cost competitive and can be used directly in the existing oil network. The world needs a new oil.


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Recent OOIL News:

July 21 - Origin Oil, Inc. discusses Algae to Energy with CEO Radio Network

The CEO Radio Network is pleased to announce that it has posted an interview with Riggs Eckleberry, Chief Executive Officer of Origin Oil, Inc. (OTCBB:OOIL) on the www.ceoradionetwork.com.

Eckleberry discusses algae as a fuel stock, Origin Oil’s process and technology, and the alternative energy landscape in the United States. The CEO commented, “Unlike most algae biofuel companies that intend to produce and market fuel as an end product, OriginOil is focused on developing the critical algae-to-oil technology needed by algae producers. We intend to license our technology to companies worldwide and help them develop and manage profitable algae sites. Our model is about sharing information and licensing our technology to as many companies as possible.”

The interview is available to registered users of www.ceoradionetwork.com. Click on "Company Webcasts" and register. Registration is free.

About The CEO Radio Network (www.ceoradionetwork.com)

The CEO Radio Network is a premier, interactive research tool which provides our listeners the opportunity to hear the latest corporate and business news first hand, directly from the source - the decision makers of publicly-traded companies. The goal of the CEO Radio Network is to level the playing field for both the small-cap issuer and the small-cap investor at the same time. Our online services allow the small and micro-cap issuers access to high quality distribution, while investors are provided with an additional communication directly from the source. The CEO Radio Network provides links to supplementary corporate resources, including SEC filings. Our ASK THE CEO section allows registered users to submit questions which will be directed toward the management of our Featured Companies.


OriginOil Inc.
5645 West Adams Blvd
Los Angeles, CA 90016
Phone: (877) 999-OOIL
Website: http://www.originoil.com/

 

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Disclosure: OTCPicks.com previously compensated three thousand dollars by a third party (Blue Wave Advisors) for a one week OOIL advertising and promotional program. In this OOIL promotional campaign OTCPicks is being compensated three thousand dollars by a third party (Blue Wave Advisors).

 

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