Recently, OriginOil notified MBD Energy that it is ready to ship a Quantum Fracturing System, designed to maximize algae CO2 absorption with minimal energy, to MBD Energy’s research and development facility at James Cook University in Queensland, Australia. The company’s Single-Step Extraction™ System, designed to efficiently separate algae oil from its biomass, will be the next deliverable and will trigger another payment under the purchase order.
In May, the parties agreed on a multi-phase commercialization program under which OriginOil will supply MBD Energy with its algae-to-oil technology platform in progressively larger installations. Subject to the success of the initial test phase, MBD will purchase significantly larger systems to serve its power station projects in Australia, beginning with a one-hectare pilot plant at Tarong Power Station in South Eastern Queensland, and expanding to full production sites at all three of MBD’s power station projects in Australia.
According to MBD Energy, each of its power station projects has the potential to grow to 80-hectare commercial plants, each capable of producing 11 million liters of oil for plastics and transport fuel, and 25,000 tonnes of drought‐proof animal feed annually. MBD Energy estimates that the projects will eventually consume more than half of each power station’s flue-gas emissions.
Read full article on OriginOil Announces Revenue from First Customer
OriginOil thinks that the big driver for algae today is carbon storage. Big energy, mining and industrial groups must reduce their CO2 emission and algae can hlep them do this at very low expense. Algae costs millions not billions, and that is very attractive right now. CO2 generators’ involvement seems to be the most feasible way of building massive algae developments!
OriginOil and MBD Energy are among the top speakers addressing the 3rd Algae World Asia, 19-20 October in Singapore where they will share on carbon capture solution using algae.
For more information about 3rd Algae World Asia, 19-20 October – Singapore, send your enquiry to leelin@cmtsp.com.sg
