OriginOil partners with Desmet Ballestra
Algal oil extraction company OriginOil Inc. has partnered with Belgium-based oil and fats technology developer Desmet Ballestra to create a more cost-efficient algae oil extraction system. OriginOil CEO and President Riggs Eckelberry announced the partnership at the National Algae Association's fifth quarterly meeting, where he discussed potential gains from OriginOil's technology breakthrough. His presentation is on the company's Web site at www.OriginOil.com. Eckelberry said that like most algae oil extraction systems on the market, the Desmet systems are quite expensive, but in early studies when implemented with OriginOil's system, the companies estimated that energy efficiency gains may reach 90 percent in certain configurations.