Visit  cricatalyst.com!Nexus — Leaders in Greenhouse Systems Integration Check out more of The Buzz

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
Algae.Tec Ltd has received its first purchase order from Reliance Industrial Investments and Holdings Limited (RIIHL), in connection with the arrangements announced on Ja...
Valensa International and Contract Biotics have announced that Contract Biotics has started construction of an additional six acres of algae production units at the compa...
Libourne, France-based Fermentalg, an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, has completed a su...
Students from three Arizona universities will demonstrate their algae research projects at an Innovation Showcase May 1, in Arizona State University’s Sun Devil Fitness C...
The Algae Biomass Organization (ABO) released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed June 2, 20...
A new, outdoor system at the University of Dayton Research Institute has been producing a high volume of algae since its installation in the summer of 2013, even through ...
Starting in the early 70s, agencies in the former USSR invested more than 20,000 person-years of research and development to produce Bio-Algae Concentrates (BAC) that hel...
A recent discovery in the multicellular green alga, Volvox carteri,has revealed the origin of male and female sexes, showing how they evolved from a more primitive mating...
In an effort to propel the algae industry forward, the Algae Testbed Public Private Partnership (ATP3) offers a series of hands-on specialized workshops suited for partic...
Following a request from the European Commission, the European Food Safety Authority (EFSA) Panel on Dietetic Products, Nutrition and Allergies (NDA) was recently asked t...
Matthew Carr was recently named executive director of the Algae Biomass Organization (ABO), the leading trade association for the algae industry. His presence will soon b...
Phys.Org reports that scientists Jolanda Verspagen and Jef Huisman of the University of Amsterdam, The Netherlands have concluded that rising CO2 concentrations in the at...
Bookending the upcoming Algae Biomass Summit, Sept. 29-Oct.2 in San Diego, will be industry tours to give attendees a first-hand look at the latest progress in technical ...
Oregon State University researchers are combining diatoms, a type of single-celled photosynthetic algae, with nanoparticles to create a sensor capable of detecting minisc...
Biplab Das reports in NatureAsia.com that a research team has found aqueous extracts of the marine brown algae Lobophoro variegate that can inhibit the replication of hum...
Analia Murias 
reports for fis.com that Chilean exports of products made from macroalgae generated a total of $195 million US in the first seven months of 2014, according...
James “Jamie” Levine took over the reigns at Sapphire Energy in July of this year as former President and CEO Cynthia “CJ” Warner stepped down, retaining her role as chai...
MicroBio Engineering, Inc., of San Luis Obispo, California, has introduced a full suite of open pond microalgae growth systems designed for quick deployment of research- ...