OriginOil CEO to Address Algae Fuels Conference at World Biofuels Markets

LOS ANGELES--(BUSINESS WIRE)--OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that the company's Chief Executive Officer, Riggs Eckelberry, will address an audience of key industry executives attending the World Biofuels Markets Congress in Amsterdam on March 16, 2010.

“It's clear that algae will be produced everywhere and not just in large central plants”

The Algae Fuels Conference will headline Europe's largest biofuels event, featuring presentations by Shell's joint venture Cellana, Dow Chemical, Algenol, SBAE Industries, Sapphire Energy, Wageningen University & Research, The Carbon Trust, University of Sevilla-CSIC, A2BE, Aurora Biofuels, the DOE's National Renewable Energy Laboratory, KIT Institute of Life Science Engineering, and chaired by the Algal Biomass Organization (ABO) and the European Algae Biomass Association (EABA).

OriginOil's Eckelberry will close the algae conference with a review of algae oil harvesting problems and solutions. Due to high costs and energy usage, algae harvesting is considered a major barrier to algae's commercialization as a fuel.

"It's clear that algae will be produced everywhere and not just in large central plants," commented CEO Eckelberry. "That means harvesting systems must be portable, inexpensive and energy-efficient. I'll be reviewing the challenges and new solutions in this most-vital area of large-scale algae to oil production."

On 26 October 2009, OriginOil announced that its algae oil extraction system had reached the highest industry efficiency standards, while requiring very low energy inputs.

The Netherland's Minister for the Environment will make the welcome address to the World Biofuels Markets Congress this year. Previous headliners have included former U.S. Vice President Al Gore. Other keynote speakers will include the former Prime Minister of Norway, the former Prime Minister of the Netherlands, the current executive director of the International Energy Agency, and many more.

The World Biofuels Markets 2010 Congress will take place from March 15-17 at the RAI Congress Centre in Amsterdam, The Netherlands. For more information or to attend the seminar, visit http://www.worldbiofuelsmarkets.com/. The detailed event brochure can be downloaded here.

About OriginOil, Inc.

OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products, such as diesel, gasoline, jet fuel, plastics and solvents, without the global warming effects of petroleum. Other oil-producing feedstock, such as corn and sugarcane, often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, please visit our website at www.originoil.com.

Safe Harbor Statement:

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Abstract/Short Description

OriginOil CEO Riggs Eckelberry to address key executives on algae harvesting problems and solutions at World Biofuels Markets Congress in Amsterdam, March 16, 2010.

Keyword List

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