Research Institute of Tsukuba Bio-Tech (RITB) may “… develop and distribute systems in Japan for aircraft fuel production, algae to oil production, and other industry applications.”
More from a Release dated December 9:
OriginOil to Collaborate in Algae to Jet Fuel Project Funded by Japan Science & Technology Agency | Business Wire
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
has agreed to partner with Research Institute of Tsukuba Bio-Tech
(RITB), recently approved for funding to develop algae to jet fuel
applications by Japan
Science & Technology Agency (JST).Headed by Tsukuba University professor emeritus and algae researcher
Takaaki Maekawa, PhD, RITB recently signed a Memorandum of Understanding
(MOU) with OriginOil to develop and distribute systems in Japan for
aircraft fuel production, algae to oil production, and other industry
applications.RITB was recently approved for funding by Japan Science & Technology
Agency (JST) for two years of research and development activities based
on its proposal to the agency. Professor Maekawa’s presentation to JST
can be found as a PDF on the RITB site.“Our funders have set a priority on sustainable aircraft fuels. Together
with OriginOil we will target these fuels,” said Professor Emeritus Dr.
Maekawa. “We look to OriginOil for the needed technology and resources
to help carry out this vast assignment.”“We salute Japan Science & Technology Agency for its initiative in
algae-based jet fuel,” said Riggs Eckelberry, OriginOil CEO. “We are
privileged to have been asked by RITB to support Professor Maekawa’s
high-priority efforts over the next two years. We look forward to
helping make his program a major success.”In the partners’ first joint action, OriginOil spoke at a recent
invitation-only workshop at Tsukuba University, which was attended by
RITB collaborators such as Japan Airlines (JAL) Aero-Consulting,
IBDAIWA, Mitsubishi Chemicals, Dow Chemical, Dentsu Tech, Tsukuba
Agricultural Cooperation, NPO Genki Agricultural Production
Organization, Nagata Trade Company, Tosho Merchandise Corporation as
well as representatives of Aomori Prefecture and Tsukuba City.On January 30, 2009, Japan Airlines made a successful biofuels flight
test using a blend of camelina, algae, and jatropha; testing by the
airline’s pilots showed that the blend was more fuel-efficient than 100
percent traditional Jet A fuel (kerosene).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:
OriginOil partners with research institute of Tsukuba Bio-Tech in algae
to jet fuel project funded by Japan Science & Technology Agency.Keywords:
algae biofuel, algae fuel, algae to oil, algae oil, biofuel flight,
japan airlines, japan science technology agency, jet a fuel, originoil,
ooil, renewable oil, riggs eckelberry…
