Carbonomics joins OriginOil's first working group

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Carbonomics, an emissions trading company, will help develop a new carbon "asset class" in an industry working group to develop jet fuel from algae using waste streams.

The working group is led by OriginOil Inc., a Los Angeles-based company working to transform algae into a true competitor for petroleum. Through modeling, OriginOil has concluded that carbon credits are a key contributor to cost-effective algae production.

Initially, Carbonomics will determine if the activity complies with the Voluntary Carbon Standard, the American Carbon Registry and possibly the Kyoto Protocol's Clean Development Mechanism. Once a protocol has been established and validated, the working group will register projects, perform annual audits and identify opportunities for credit sales.