OriginOil Launches Oil and Gas Division

July 23, 2012
AlgaeIndustryMagazine.com

OriginOil, Inc. has announced the formation of a dedicated business unit to aggressively market its continuous-flow, high efficiency and chemical-free technology for frack water cleanup and petroleum recovery. The company has named Dr. R. Gerald Bailey, former President of Exxon, Arabian Gulf, Abu Dhabi and UAE, as Industry Advisor to this unit, while veteran former Dow Chemical manager Bill Charneski will head the unit as its General Manager.

“We are delighted that Dr. Bailey has agreed to join us as industry advisor,” said Riggs Eckelberry, OriginOil CEO. “He brings a vast network of relationships and credibility to our venture. As General Manager with P&L responsibility, Bill Charneski will focus on achieving rapid technical and commercial milestones. I’m confident this team will quickly get us commercial success in this fast-moving sector.”

“I was able recently to observe OriginOil’s lab-scale frac flowback water treatment process,” said Dr. Bailey. “The process is quite an achievement and has so much potential. I am looking forward to helping get this process into wide use in the oil and gas industry as a highly portable, high-flow and chemical-free way to maximize oil recovery and re-use the huge amounts of water used in oil exploration today.”

Hydraulic fracturing, commonly referred to as fracking, allows the energy industry to cost-effectively access deep underground oil and gas. The dark side of this is that vast amounts of water are continuously used, extracted and contaminated in fracking and production processes.

According to Global Water Intelligence, “The oil industry produces around two and a half times more water than oil. By 2025 it will be producing five times more water than oil. Handling produced water is a tremendous growth market, but the real opportunity is in treatment.” With daily world oil production approaching 90 million barrels, this implies a potential market for disposal and treatment of at least $500 billion because energy companies pay between $3 and $12 to process each barrel of produced water, as reported by Greentech Media.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
Hammenhög, Sweden-based agribusiness Simris Alg has announced the launch of its first consumer products. The algae farmers’ exclusive omega-3 supplements and superfoods w...
Brian Krassenstein, writing in 3Dprint.com, goes deeper into the recent paper in Engineering in Life Sciences journal discussing the impact 3D bioprinting will have in th...
K. S. Rajgopal writes in thehindu.com about a new study that demonstrates how macroalgal biomass from Gelidiella acerosa and Gracilaria dura collected from Adri and Verav...
The U.S. Environmental Protection Agency (EPA) is developing an early warning indicator system using historical and current satellite data to detect algal blooms. EPA res...
Five years ago, on April 20, 2010, an explosion on the Deepwater Horizon rig caused a release of 200 million gallons of oil into the Gulf of Mexico before the well was ca...
UC San Diego’s efforts to produce innovative and sustainable solutions to the world’s environmental problems have resulted in a partnership with the region’s surfing indu...
Scientists from the J. Craig Venter Institute (JCVI), a not-for-profit genomic research organization in La Jolla, California, have published a paper outlining new synthet...
Algae “red tide” events often create dazzling nighttime light shows of blue-green bioluminescence resulting from the force generated by breaking waves. While many mysteri...
SciDev.Net’s South Asia desk reports that Indian scientists working on producing biofuel from algae cultured in municipal wastewater are enthused by the findings of a rec...
Rich McEachran writes in the Guardian that, in the process of surfacing a road, layers of asphalt – which is composed mostly of bitumen (a byproduct of crude oil distilla...
The fully automated plant at the Fraunhofer Center for Chemical-Biotechnological Processes CBP in Leuna, Germany, was designed to produce microalgae at industrial scale. ...
Joule has announced the issuance of a patent on the direct, continuous production of hydrocarbon fuels — extending its ability to target the highest-value molecules of th...
Tom Redmond and Yuko Takeo report for Bloomberg.com that, after 10 years of developing algae as a nutritional supplement generating $37.8 million in annual revenue, Japan...
In Japan, the Algae Biomass Energy System Development Research Center, headed by Professor Makoto Watanabe, was established at the University of Tsukuba on July 1. The ne...
You know algae are a great food source for you. But what are the best ways to eat it? Jami Foss writes in shape.com about 10 ways to eat algae that are common, healthy an...