California's OriginOil seeks better way to grow algae

By Bernie Woodall

LOS ANGELES (Reuters) - One could say they are working on the green slime that could change the world.

In an unassuming converted warehouse in Los Angeles, the 10 employees of OriginOil are working to perfect the way microscopic algae is grown and refined.

They hope that within a few years the methods they use to make small batches of greenish-colored algae mixtures in the laboratory will be imitated in 2,500-gallon (9,460 liter) tanks around the world. And that the oil extracted from the algae will in many cases replace petroleum.

OriginOil is in a race with hundreds of other companies to find an affordable way to convert algae to energy. Algae promises to use less land, water and other resources than other biofuels, such as corn.

The company is led by co-founders and brothers Riggs Eckelberry, CEO and president, and inventor Nicholas Eckelberry. Recently hired Vikram Pattarkine is chief technology officer.

OriginOil was founded in June 2007 and came up with its key invention -- a bioreactor that speeds algae growth and acts more like a brewery than an algae farm -- in February 2008. It plans to roll out working models built by partners beginning in 2010.

Among the hundreds of companies seeking algae energy, "less than a dozen stand out," said Riggs Eckelberry, and he includes his own among the elite few.

"We are more of a collaborator than a competitor," he said, explaining a major reason why he felt the company stood out.