OriginOil and Idaho National Lab to develop direct conversion of algae into renewable crude oil for existing oil refineries
OriginOil, Inc., the developer of a technology to extract oil from algae, plans to co-develop an integrated system with the US Department of Energy’s Idaho National Laboratory (INL) for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries.
OriginOil’s planned Biocrude System will integrate its own harvesting system with biomass processing technology being developed under the recently-announced research agreement with INL, to convert raw algae into barrels of renewable crude oil.
We already lead the industry with our chemical-free, low-energy, continuous high-flow harvesting system. From there it’s a natural step to helping algae growers make a direct crude oil replacement right on site, giving them direct access to the existing world market for transportation fuels, including jet fuel. That’s an instant upgrade from what is now a niche market, to the immediate 86 million barrel per day global crude oil market.—Riggs Eckelberry, OriginOil CEO
We are excited to work with OriginOil on its Biocrude System and leverage its algae processing expertise and technology. Algae is a high energy biomass and can function as a force multiplier to blend in other biomass waste such as from forestry and agriculture into a uniform renewable crude oil substitute. This may well support the U.S. military’s strategic fuels diversification program.—Dr. Deborah T. Newby, Project Manager at INL