By QualityStocks
September 2, 2010 2:40 PM EDT
OriginOil Inc., a familiar player in the renewable energy field, develops breakthrough technology that transforms algae into renewable oil. The company today announced it is ready to ship a Single-Step Extraction™ System to MBD Energy Ltd.
OriginOil said it has notified MBD Energy that it is prepared to ship its Single-Step Extraction(TM) System, marking the second product to be delivered in the companies’ multi-phase commercialization agreement.
Andrew Lawson, managing director at MBD Energy, noted his optimism and planned application of the Single-Step Extraction System.
“We believe OriginOil’s concentration and extraction technology holds promise of reducing costs and energy requirements in the algae harvesting process,” Lawson stated in the press release. “We look forward to now using the equipment we’ve purchased from OriginOil to finalize preparations for our 1 hectare Bio CCS algal synthesizer test facility we’re about to construct at Tarong Power Station in Queensland. If performance tests go to plan we expect to later expand the 1 hectare synthesizer to 80 hectares at which point we hope to produce approximately 10,000 tonnes of oil per year.”
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Per the previously arranged agreement, OriginOil will supply MBD Energy with progressively larger installations of its algae-to-oil technology as MBD Energy ramps up its algal synthesizer projects on a one-year lease-to-own program.
Once it achieves success in the first test phase, MBD will increase its purchases to significantly larger systems to serve its power station projects in Australia. MBD Energy said each of its power station projects has the potential to produce 11 million liters of oil for plastics and fuel, and 25,000 tonnes of drought-proof animal feed annually.
For more information visit www.originoil.com
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