OriginOil Narrows Algae Focus to Extraction

Publicly traded biotech firm OriginOil (Los Angeles) says it is narrowing its focus in algae-based oil production to its extraction technology platform, ending efforts in growing and refining. “It’s becoming clear the algae industry will be massive—as you’d expect a true petroleum alternative would be,” says Riggs Eckelberry, OriginOil CEO. “No one company is going to do it all, and that’s why we have decided to focus on extraction, a highly specialized technology that we can embed in algae production system...

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