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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.,

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

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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., There is no minimum loan amount and a maximum loan amount is $250 million.

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