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Welcome back I'm Greg Jarrett.
Algae could it be use it as usable energy.
Joining us now on talk about it is rigs Michael Barry whose CEO of origin oil rigs.
I already thought it was.
-- -- -- -- -- -- -- Pachulia is old out is so yeah and in a way the world is using algae in that rate it's just been fossilized for a couple hundred million years.
Not today people are talking in and doing the algae.
Production thing to make petroleum.
Fresh every single day.
How do they do that.
Couple ways currently what's being done is.
We have to -- -- one that makes most nutritional products and the other one is trying to make these these wholesale fuels.
Right now all the fuel that's coming out to the navy and so forth this coming from the movement nutritional side.
So the using basically the vegetable oil coming out of the -- Where it's going is towards this mess.
Use the whole -- mode whereas the oil it's the protein carbohydrates.
-- all gets mashed up.
To a -- you know basically conversion process and turn -- to petroleum.
-- this transform.
The energy industry.
Well undoubtedly can because what we're doing is we're democratizing.
The source of all this fuel.
Everywhere there's CO2 you make algae so every single factory cement plant -- -- center -- And the planet is going to be a potential place where you can make fuel right on premises.
Where the out as being grown.
So in the future -- what does this mean.
Well technology is here the stage where -- is that right now is that trying to scale up.
There's a number of initiatives under way to get up to the -- hundred and ultimately thousand -- tar range.
I start being two and a half acres and so we're really working on -- is some great projects going on and that is the big task ahead of us is scaling up.
Is there a day in your mind when we can grow our own.
I think the day in arm that that this is gonna happen is very much tied.
The stimulation that occurs for example the navy has a very strong program to get -- alternative fuels.
And that is gonna ultimately drive.
A lot of algae.
That's -- fuels being made in this country can we grow enough found three.
-- -- -- -- -- -- You know it I didn't measurement the other day you know the Bakken -- formation covers 35000 acres.
-- -- -- 5000 square miles in this country.
On that footprint you could make half the world's petroleum every single day so it's mostly.
-- so explain this how does that transform itself into everyday activities.
Well let's take.
A piece a land -- can be a barren piece a land dirty water.
Industrials so it CO2 coming in and all that is being -- then to grow this fast growing algae daily harvest.
On a piece a -- you would normally used for farming so it's ideal for fuel production right.
Now right there every day you get a daily harvest of let's say 45%.
Of that total.
And right on premises you turn it into fuel through processes that are now being down -- from the huge refining -- people have.
Down from on site solution.
That's beneficial and creates gasoline and diesel right on premises.
And the environmental impact is what.
-- is beneficial because algae as it grows releases oxygen.
Because it takes YouTube to turn the CO2 -- -- Quintana -- one -- of oxygen so you're actually improving is just like having a forest right that's a great thing.
So overall it's a very beneficial thing and went -- -- -- fuel it burns just like the car fuel without all the toxins associated with fossil fuels -- in this.
-- this is a wonderful thing so why isn't it happening on a mass scale.
What is happening.
The you know what people realize.
Things have to be built for example is take Australia.
There are massive upgrades occurring to sites that are that -- pilot -- very recently and now they're being upgraded rapidly.
And so going to be get up into the hundred nektar again thousand tactile level but that's surfaced he built you wanna build a thousand -- our side it's gonna take.
345 years so really at that building stage right now.
Well I'm very hopeful I presume you are too.
Well I love the subject and we're very excited to be in the space and and doing our part as as -- Nine.
-- -- very CEO of origin oil thank you so much for giving us a glimpse of the future.
It's a wonderful thing.
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