SAPPHIRE ENERGY AND PHILLIPS 66 TO ADVANCE COMMERCIALIZATION OF ALGAE CRUDE OIL
"There is increasing momentum for algae fuel as a viable crude oil alternative, and significant interest by refiners to have new and better options to meet the California Low Carbon Fuel Standard (LCFS) and the federal Renewable Fuel Standard (RFS),” said Cynthia ‘CJ’ Warner, CEO and chairman of Sapphire Energy.
SAN DIEGO, Dec. 10, 2013 – Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, and Phillips 66 (NYSE: PSX), an integrated energy manufacturing and logistics company, announced a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. The companies will work together to collect and analyze data from co-processing of algae and conventional crude oil into fuels. The goal is to complete fuel certifications to ready Sapphire Energy’s renewable crude oil, called Green Crude, for wide-scale oil refining.
Under the agreement the companies will expand Sapphire Energy’s current testing programs to further validate that Green Crude can be refined in traditional refineries and meet all of the Environmental Protection Agency’s (EPA) certification requirements under the Clean Air Act. This includes determining the optimal operating conditions for processing algae crude oil into American Society for Testing and Materials (ASTM)-certified diesel, gasoline and jet fuel. Once the study is finished, the companies will work together to complete the EPA certification process to register a new fuel product entering the market.
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The Sapphire Solution
Sapphire Energy believes the time is now to create new energy solutions that are environmental, scalable, and renewable. Sapphire is leading the new industrial category of Green Crude production with the potential to profoundly change America’s energy and petrochemical landscape for the better. With only sunlight and CO2, Sapphire Energy is turning algae into Green Crude that can be refined into the three most important liquid fuels we use today: gasoline, diesel and jet fuel. There is no need to make changes to our vehicles, pipelines, or distribution systems—as Green Crude offers a complete drop-in replacement solution. Continue Reading: our story >>