OriginOil, Inc. (OTCBB: OOIL), an algae-to-fuel company, announced a partnership with Desmet Ballestra, an international company in oil and fats technologies.
OriginOil CEO and President Riggs Eckelberry announced this partnership during a speaking engagement at the National Algae Association’s fifth quarterly meeting.
“Desmet Ballestra is an early leader in the implementation and sale of full-scale algae extraction systems. With Desmet Ballestra as a worldwide partner, OriginOil can begin commercializing its algae-to-oil technology on a global scale,” said Riggs Eckelberry, CEO of OriginOil. “Like most current algae oil extraction systems on the market, the Desmet systems are quite expensive. Our patent-pending Single-Step Oil Extraction technology will help Desmet Ballestra create a more cost-efficient algae oil extraction system. In early studies, Desmet and OriginOil have estimated that energy efficiency gains may reach 90% in certain configurations.”
Desmet Ballestra North America president and CEO Timothy G. Kemper said: “We are enthusiastically modeling the use of OriginOil’s Single Step Extraction technology in commercial algal oil extraction systems, and expect to announce further industry-impacting details in the months to come.”
Conventional algae oil extraction systems use petrochemical or alcohol solvents to extract algae oil. In this process, the largest amount of energy consumption comes from the initial steps of dewatering and drying the algal biomass. OriginOil says its Single Step Extraction technology, however, allows the oil to be separated from the algal biomass in water with no dewatering or drying steps. As a result, substantial electrical and thermal energy can be saved.
Desmet Ballestra is a private company based in Zaventem, Belgium, serving the seed crushing, oil refining, oleochemical, surfactant, and detergent markets. It has operations in Egypt, Nigeria, Sudan, Argentina, Brazil, Columbia, Mexico, the United States, China, India, Malaysia, Singapore, South Korea, Taiwan, the United Arab Emirates, Belgium, Bulgaria, Romania, Russia, Spain, Turkey, and the United Kingdom. More information can be found on the Desmet Ballestra website: www.desmetballestra.com.
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