“In 2010, the fast-growing global aquaculture industry farmed 60 million tons of fish with a market value of more than $119 billion,” said Riggs Eckelberry, OriginOil CEO. “But heavy toxin levels limit growth and are unhealthy for the fish and the environment. We believe that we may be able to do something about that. We also believe that we may be able to help this industry adopt algae for feed on a much greater scale. It’s one of many secondary licensing opportunities for OriginOil technologies outside the energy industry and we believe this is a potential game-changer for the global fish farming industry.”According to the Fisheries and Aquaculture Department of the Food and Agricultural Organization of the United Nations (FAO), nearly half of the fish food supply for humans already comes from aquaculture, and rapid depletion of ocean fishing grounds is driving this figure higher. The advantages of feeding algae to aquaculture species include increased growth and improved nutritional value in the fish due to the high content of Omega3s in many algae species. “These dual benefits of OriginOil’s SOS technology could have enormous financial implications for the global fish farming industry,” said Jose Sanchez, general manager of OriginOil’s algae division. “We are very excited to partner with WeFeedUs to further explore opportunities that can increase productivity and enable a more organic method of food production for aquaculture operations.” Tweet this: OriginOil Partners with Aquaculture Producer to Study Impact of its Technology in Transforming $100 Billion Global Market http://www.originoil.com/?p=9209 Follow us on Twitter Like us on Facebook Signup for our Newsletter About OriginOil, Inc. OriginOil has developed an energy production process for harvesting algae and cleaning up oil & gas water. Operating at the first stage of extraction, this high-speed and chemical-free process can be embedded in other systems to improve performance. Originally invented to solve the biggest problem in algae production, it is now finding demand in oil and gas fracking and production water cleanup, an immediate and fast-growing market that desperately needs clean technology solutions. To learn more about OriginOil®, please visit our website at www.originoil.com. Safe Harbor Statement: Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, 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. 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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
AbstractOriginOil partners with aquaculture producer to study impact of its technology in transforming $100 billion global market; initial testing indicates potential to reduce toxic ammonia levels by more than 99 percent and expand use of algae for fish food. Key Words originoil, originoil inc, ooil, origin oil, oil & gas technology, oil & gas cleanup, frac water cleanup, solids out of solution, clean-frac, algae appliance, Riggs Eckelberry, frac cleanup, hydraulic fracturing cleanup, produced water cleanup, invest algae, invest oil & gas, new oil, algae oil, renewable oil, algae biofuel, chemical free process algae, algae commercialization, algae harvesting, renewable crude oil, algae extraction, SOS, fish feed, WeFeedUS, Mike Andrus