OriginOil to offer technology to JVs with Clean Water Technology & Pace providing manufacturing & engineering. - Analyst Blog
16 Mayo 2013 - 3:34AM
Zacks
By Ian Gilson, PhD, CFA
OriginOil (OTC:OOIL) has announced that it, in conjunction with
Clean Water Technology doing the construction and Pace providing
the engineering, will lead in the formation of a series of joint
ventures that will provide clean-up services for a pay by the
gallon fee.
These JVs will use third party financing to purchase commercial
scale equipment from Clean Water Technology and operate them at a
customer's site. This will make the use of the equipment available
to small and medium sized companies that may not want to purchase
it. Companies will still have the option of buying the equipment
and paying a royalty to OriginOil.
OriginOil will not be financing the JVs, but will receive payment
for the use of the equipment. The buyer of the service gets the
technical expertise required to clean the water and keeps the water
for reuse.
OriginOil has announced that Garden State bioEnterprises (GS bioE)
has adopted the Algae Appliance and OriginOil's harvesting
technology as a key component of its proprietary production system
for Astaxanthin.
Astaxanthin is a dietary antioxidant, first produced from algae by
Cyanotech and marketed as BioAstin. This was approved by the FDA as
GRAS in 1999 to be sold as a dietary supplement. Astaxanthin is
priced at about $115 an ounce. It was used to impart the pink
color to farmed salmon but was supplanted by synthetic Astaxanthin.
Meanwhile, natural Astaxanthin has become an important
nutraceutical product. OriginOil reported that the research firm,
Oilgae, forecasts a $2 billion market for natural Astaxanthin in
2020.
Please visit SCR.Zacks.com for additional information on
our research and coverage universe, and Subscribe to
receive our articles and reports emailed directly to you each
morning.
ORIGINOIL NEW (OOIL): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
Originclear (PK) (USOTC:OCLN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Originclear (PK) (USOTC:OCLN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Originclear Inc (PK) (OTCMarkets): 0 recent articles
Más de Originoil, Inc. (QB) Artículos de Noticias