With the headlines screaming about food shortages, and big box stores limiting how much rice one customer can buy, it’s becoming more and more apparent that gassing up our cars, buses and planes with food based oil is not the way to a better future. This of course does not stop the search for a viable alternative fuel source, and OriginOil Inc. believes that they have found a better answer. They’re focusing on our seemingly endless supply of algae; of which the Smithsonian has over 300,000 different species chronicled; to develop a renewable oil that will be a real substitute to petroleum. The company has just gone public, with the SEC declaring their S-1 registration statement effective today.
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OriginOil Inc. Goes Public