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Analyst Note

OOIL - OriginOil receives two orders for Algae Appliances

07/26/2012
By Ian Gilson, CFA

OriginOil (OTC Markets:OOIL) receives two orders for Algae Appliances

The US DOE, Idaho National Labs, has ordered two test scale energy appliance units. One is a Model 4 algae dewatering system that will treat four liters of liquids per minute that will be tested for its ability to produce formulated feedstocks from biomass.  This unit is similar to the one currently being installed in the La Defense complex near Paris, France.

The second unit, a Solids Out of Solution (SOS) Model 2K, can process first-stage cleaning of up to 2,000 gallons of frac flowback water a day.

These units will incorporated into process demonstration units that can be used by industry and researchers to validate various applications.

Please visit scr.zacks.com to access a free copy of the OOIL research report.

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