OriginOil Inc. (OOIL.OB) Announces Positive Ground in Algae Technology, Set to Replace Petroleum
OriginOil Inc. (OTCBB: OOIL) has developed an innovative technology that transforms algae into oil through a cost-effective, high-speed manufacturing process that aims to replace petroleum dependence. The company today announced positive results for the revamping of its Helix BioReactor. After “fine tuning” its Helix BioReactor to enhance performance characteristics, OriginOil said it can now commence the design and layout of larger-scale systems, which will help the company identify ways to lower its production expenses. “Discrete testing of each system component is now being performed to ensure better projection of the performance of larger systems,” senior technical advisor Paul Reep stated…