OriginOil, Sustainable Resources team up in New Mexico
A Los Angeles firm is working with a New Mexico company to build a center in Roswell to transform algae into renewable oil.
The center is to open in 2011 and is expected to give algae researchers, engineers and producers a secure environment to test technologies and processes on a wide variety of algae species.
OriginOil is working on technology that it said will transform algae into a true competitor with petroleum. Sustainable Resources is a Santa Fe firm that focuses on solar energy and desalination projects.
Joe Ortiz, the CEO of Sustainable, leased the former National Desalination Facility in Roswell in 2008 to test a solar-powered kinetic pump to convert brackish water into fresh water, according to the New Mexico Small Business Assistance Program, which allows small businesses in the state to access expertise at Los Alamos National Laboratory and Sandia National Laboratories.
Read more in the New Mexico Business Weekly.
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