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.
OriginOil CEO Riggs Eckelberry said 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," Eckelberry said.
OriginOil is the developer of a technology to extract oil from algae.
