(Thanks to NoCamels) Israeli CleanTech start-up EcoBasalt has developed SB-1, a sustainable material made of basalt fibres that can absorb oil spills faster and more efficiently than other solutions. After 15 minutes, 97% of the oil is absorbed and the oil and SB-1 can be recycled later.
http://nocamels.com/2012/07/volcanic-rock-to-clean-up-oil-spills/
http://www.youtube.com/watch?v=eGGkWIIreCA&feature=player_embedded