Under the terms of the agreement, OriginOil will provide INL with its Single Step Extraction technology and contribute its knowledge of how to stimulate oil production and pre-treat for consistent extraction of the algae and its co-products. In return, OriginOil expects to benefit from INL’s scientific and engineering expertise and its large Process Demonstration Facility which boasts advanced biofuels processing capabilities and equipment. A primary effort will be to integrate algae with terrestrial biomass sources to achieve large-scale biofuels production.
Under this agreement INL will assist OriginOil by conducting evaluations of processes and technologies that may help find solutions to converting algae into energy feedstocks more efficiently by optimizing and standardizing various formats.
“The U.S. Navy alone plans to achieve 50 percent use of alternative fuels in just eight years, a goal of eight million barrels of biofuels per year that must be blended from non-food fuels like algae,” said Riggs Eckelberry, OriginOil’s CEO. “But to blend, we must standardize, using the latest breakthrough technologies.”