Last $0.18 USD
Change Today -0.0079 / -4.16%
Volume 311.7K
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

originoil inc (OOIL) Snapshot

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10/25/13 - $0.32
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originoil inc (OOIL) Details

OriginOil, Inc. develops water cleanup technology for the oil and gas, algae, and other water-intensive industries. Its patent-pending Electro Water Separation (EWS) process removes organic material from large quantities of water without the need for chemicals. The EWS technology is used to harvest; used in a continuous process to remove oils, suspended solids, insoluble organics, and bacteria from produced and frac flowback water in well operations; used for aquaculture water cleanup; and used in organic waste remediation, including agriculture, fish farming, and animal farming applications. The company focuses on licensing this technology to distributors, manufacturers, engineering service firms, and specialty operators, as well as fuel refiners, chemical, and oil companies. OriginOil, Inc. was founded in 2007 and is based in Los Angeles, California.

10 Employees
Last Reported Date: 04/15/14
Founded in 2007

originoil inc (OOIL) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $380.0K
Compensation as of Fiscal Year 2013.

originoil inc (OOIL) Key Developments

Industrial Systems Inc. Sells Four OriginOil Based Systems to be Deployed in Trinidad and Tobago

OriginOil, Inc. announced that Delta, Colorado-based Industrial Systems Inc. has sold four industrial systems, powered by OriginOil's EWS, to Synergy Resources for produced water and oily waste treatment in Trinidad and Tobago. This milestone represents the first commercial sale by an OriginOil licensee of a system incorporating EWS. The four units, built for on-site processing of waste oil, are each capable of treating 250 barrels per day of contaminated water. Synergy Resources, of oil-rich Trinidad & Tobago, expects the system to reduce water treatment costs, lessen adverse environmental impacts, decrease freshwater requirements for industrial processes such as steam reinjection for enhanced oil recovery, and help operators comply with environmental regulations.

Algasol Renewables and OriginOil Partner on Large-Scale Algae Fish Feed Production Venture in Bangladesh

OriginOil Inc. announced that it will provide algae harvesting technology for the low-cost algae growth system from Algasol Renewables. The integrated system will launch at Algasol's new facilities in Bangladesh. Algasol has estimated that the Bangladesh site will launch in the coming months with strong support from the local and national government. Initially, the site will cover 6.5 acres, and be capable of producing approximately 25 tonnes of micro-algae per month. Algasol recently launched a showcase site on the island of Mallorca, Spain, which OriginOil also plans to equip for harvesting in spring 2015. Algasol Renewables estimates that algae can be produced for feed using its proprietary technology at industry-low prices, and is negotiating agreements for micro-financing to help large numbers of small farmers in the low-lying delta region of Bangladesh roll out this complete growth and pelletizing system. Under this plan, Algasol intends to commit to two initial OriginOil harvesters with a processing capacity of 120 liters per minute each for the Bangladesh showcase before the end of 2014, with a short term expectation of roughly 40 more such units.

Gulf Energy Selects OriginOil, Inc. as Technology Provider

OriginOil, Inc. was selected by Gulf Energy as the technology provider for the company's new oil services business in frack and produced water treatment and reuse. Gulf Energy will implement OriginOil's CLEAN-FRAC system, equipped with the company's core technology Electro Water Separation, throughout the Middle East & North Africa. Gulf Energy reports that it currently works with almost all of the major operators in Oman including Petroleum Development of Oman, Occidental Petroleum Company, PTT Exploration and Production Plc, MEDCO, Petrogas E&P and Daleel Petroleum.


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