By Ian Gilson, PhD, CFA
) has announced that it, in conjunction with Clean Water
Technology doing the construction and Pace providing the
engineering, will lead in the formation of a series of joint
ventures that will provide clean-up services for a pay by the
These JVs will use third party financing to purchase commercial
scale equipment from Clean Water Technology and operate them at a
customer's site. This will make the use of the equipment
available to small and medium sized companies that may not want
to purchase it. Companies will still have the option of buying
the equipment and paying a royalty to OriginOil.
OriginOil will not be financing the JVs, but will receive payment
for the use of the equipment. The buyer of the service gets the
technical expertise required to clean the water and keeps the
water for reuse.
OriginOil has announced that Garden State bioEnterprises (GS
bioE) has adopted the Algae Appliance and OriginOil's harvesting
technology as a key component of its proprietary production
system for Astaxanthin.
Astaxanthin is a dietary antioxidant, first produced from algae
by Cyanotech and marketed as BioAstin. This was approved by the
FDA as GRAS in 1999 to be sold as a dietary supplement.
Astaxanthin is priced at about $115 an ounce. It was used to
impart the pink color to farmed salmon but was supplanted by
synthetic Astaxanthin. Meanwhile, natural Astaxanthin has become
an important nutraceutical product. OriginOil reported that the
research firm, Oilgae, forecasts a $2 billion market for natural
Astaxanthin in 2020.
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