California-based OriginOil is shifting from the development phase to the commercialisation phase in its goal of transforming algae into a renewable oil that’s price-competitive...

California-based OriginOil is shifting from the development phase to the commercialisation phase in its goal of transforming algae into a renewable oil that’s price-competitive with petroleum.

The company has also brought on board a new executive to fast-track the commercialisation process. Veteran technology executive Paul Reep has accepted the position of senior vice president of technology, as well as a seat on OriginOil’s board of directors.

During his most recent assignment at the University of Southern California’s Stevens Institute for Innovation, Reep managed as many as 200 technology cases at one time.

Read more here …

Greenbang

No comments so far.

Be first to leave comment below.

Your email address will not be published.