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USDA announces availability of $181M to support development of advanced biofuels projects

Green Car Congress

Guarantee percentages range from 90% on loans of $0-125 million (under certain conditions) to 60% if the loan amount is $200 million up to and including $250 million. Sapphire Energy’s “Green Crude Farm” in Columbus, N.M., million loan guarantee to build a refined alga oil commercial facility.

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Sapphire Energy and Phillips 66 parter on co-processing of algae crude oil with conventional crude

Green Car Congress

We’re looking forward to building a strong relationship with Phillips 66, an established leader in research and development for next generation fuels, who understands the opportunity our Green Crude oil holds as a feasible and sustainable crude oil choice for refiners. In 2013, Sapphire signed its first commercial customer, Tesoro.

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