Carbonomics joins OriginOil's first working group
The working group is led by OriginOil Inc., a Los Angeles-based company working to transform algae into a true competitor for petroleum. Through modeling, OriginOil has concluded that carbon credits are a key contributor to cost-effective algae production.
Initially, Carbonomics will determine if the activity complies with the Voluntary Carbon Standard, the American Carbon Registry and possibly the Kyoto Protocol's Clean Development Mechanism. Once a protocol has been established and validated, the working group will register projects, perform annual audits and identify opportunities for credit sales.