OriginOil Launches China Commercial Venture with Hong Kong Subsidiary

Venture will attract local investment and license regional joint ventures for frack and waste water cleanup
By: Origin Oil
 
NEW YORK - Jan. 5, 2015 - PRLog -- OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that it will launch a subsidiary in Hong Kong for the China market, granting it a master license for the People’s Republic of China. OriginOil Hong Kong will accept local investors and will license regional joint ventures for frack and waste water treatment. Research and manufacturing centers are also planned.

“Since we began actively marketing our technology at Singapore Water Week (http://www.siww.com.sg/water-expo) this year, we have had major interest for petroleum and waste cleanup applications throughout East Asia and especially in China,” said OriginOil Director and Chief Commercial Officer, Jean-Louis Kindler, who will direct the subsidiary initially. “Since then, we have shown that we can clean up frack water effectively in the north of China, and also process factory waste efficiently in Nanjing and other manufacturing centers. Our priority now is to deploy quickly with deep relationships throughout the country, to service the pent-up demand for our high-speed, continuous, low energy process.”

“China’s budget this year for water cleanup nearly equals the GDP of Hong Kong (http://chinawaterrisk.org/resources/analysis-reviews/the-...),” said Nicholas Eckelberry, OriginOil co-founder and Chief Research Officer. “On my visits I was impressed with the urgency and dedication of our potential partners. This country is committed to handling its problems and we will respond in kind.”

(quote from a Chinese prospective partner – JL is sourcing)

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About OriginOil, Inc.

OriginOil has developed a breakthrough water cleanup technology for the oil & gas, algae and other water-intensive industries. Unlike other technologies, the company's patent-pending Electro Water Separation™ process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals. For the oil & gas industry, OriginOil is helping clean up produced water and recycle fracking water, to reduce harm to the environment and lower costs. For the emerging algae industry, OriginOil is making large-scale harvest possible. And in aquaculture, OriginOil is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic ammonia and bacteria in water. For a world short on clean water, OriginOil is the lower-cost and cleaner answer. To learn more about OriginOil®, please visit our website at www.originoil.com (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.originoil.com&esheet=50629057&lan=en-US&anchor=www.originoil.com&index=16&md5=ac826a6de73d9597e10963ab6bb61452).

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Subject:Joint Ventures
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