OriginOil: diesel and gasoline could be made from algae and waste for US$2.28/gallon

OriginOil announces a new company study that suggests algae producers can produce finished fuels in a cost-effective manner with existing technology.

OriginOil, developer of a breakthrough technology to convert algae into renewable crude oil, announced a new company study indicating for the first time that algae producers worldwide can now make transportation fuels cost-effectively themselves.

The company’s analysis points to a potential production cost as low as US$2.28/gallon (US$0.60/litre) for gasoline or diesel using a blend of algae and waste feedstocks, using the latest growth, harvesting and fuel conversion technologies from OriginOil and other innovators.

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