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

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

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This new relationship with Sapphire Energy complements other Phillips 66 renewable fuels collaborations in academia and other sectors to convert a range of sustainable feedstocks into transportation fuels. In 2013, Sapphire signed its first commercial customer, Tesoro. Algae Algal Fuels Oil'

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