Oxford, MS 5/24/2011 (PennyPayDay) -- OriginOil, Inc. (OTC:OOIL) yesterday announced, in a press release, that it has received a firm order for a large-scale algae extraction system from a leading solutions provider in the field of industrial CO2 waste management, MBD Energy, Ltd. (MBD). The order follows recent collaborative trials of OriginOil’s equipment focused on optimizing capacity to handle large volumes of algae continuously.The new system on order is one of the largest next-generation extraction systems of its kind in the world. The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare site at Queensland’s Tarong power station.
“This milestone places OriginOil at the forefront, globally, of delivering high scale, energy-efficient dewatering and extraction of algae, one of the most critical issues facing algae production today,” said Riggs Eckelberry, OriginOil CEO. “Our work with MBD has also proven our ability to help collaboratively integrate other vendors in the process to ensure an end to end solution for our industry.”
With this firm new equipment order, OriginOil will approach its forecast of $1 million in booked sales for products and services in 2011.
“We are currently installing the first hectare of our project at Tarong Power Station in Queensland and OriginOil’s equipment will help us efficiently harvest and process the very large volumes of algae biomass we expect to produce, beginning later this year,” said Managing Director Andrew Lawson, MBD’s Managing Director.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods.
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