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Algae-to-crude company Sapphire Energy pays off government loan guarantee

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million loan guarantee through the Biorefinery Assistance Program, administered by the USDA Rural Development-Cooperative Service, to build a fully integrated, algae-to-crude oil commercial demonstration facility in Columbus, New Mexico. 2009, the company was awarded a $54.5-million

Companies 230
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USDA announces availability of $181M to support development of advanced biofuels projects

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US Department of Agriculture Secretary Tom Vilsack announced the availability of $181 million via its Biorefinery Assistance Program to develop commercial-scale biorefineries or retrofit existing facilities with appropriate technology to develop advanced biofuels. Sapphire Energy’s “Green Crude Farm” in Columbus, N.M.,

Available 231
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Sapphire Energy and Phillips 66 parter on co-processing of algae crude oil with conventional crude

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one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,

Oil 199