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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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Sapphire Energy’s “Green Crude Farm” in Columbus, N.M., In continuous operation since May 2012, the plant is producing renewable algal oil that can be further refined to replace petroleum-derived diesel and jet fuel. Other fuel derived from cellulosic biomass. is an example of the use of this program.

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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The goal is to complete fuel certifications to ready Sapphire Energy’s renewable crude oil for wide-scale oil refining. 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.

Oil 199