The Algae Biofuels World Summit will be the first major event focused on the algae biofuels “value chain,” starting with technologies and continuing through manufacturers, partners and service providers before reaching the customer. This year’s guest list includes representatives from the US Department of Energy, the US Department of Agriculture, US Airways and the National Algae Association, among many others.
“We came to OriginOil last year with the idea of extending our well-proven value chain concept to the new industry of algae biofuels,” said Bill Meyer, President of Infocast, the organizer of the conference. He continued, “CEO Riggs Eckelberry gave us his immediate support and quickly enlisted other players such as the National Algae Association. OriginOil is clearly committed to building an algae biofuels industry and has already shown itself to be a strong player in our fast-growing community.”
Eckelberry will join executives from Solazyme, the National Biodiesel Board and Marathon Oil in the first panel of the Summit, “Algae Biofuels Industry Drivers and Business Models,” to help provide a vision of “what structures and business models will lead to industry success.” The agenda covers the full value chain, from “vertical integration to geographical expansion, from technology licensing to international partnerships, from project development to supply contracts.”
“OriginOil has taken the lead in advocating a strong community that knits together researchers, manufacturers, providers and customers in a worldwide network,” said Eckelberry. “The Algae Biofuels Summit directly supports this vision and that is why we have been such strong supporters of the event. We look forward to the opportunity to build a central role for algae in helping to reduce the world’s dependence on petroleum.”
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, 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, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. 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: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
OriginOil CEO Riggs Eckelberry will be joining a key panel of industry leaders at the Algae Biofuels Summit in San Francisco, California, on March 24, 2009.
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