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If it weren’t for that pesky climate-change problem, petroleum would remain a great source of power… Start-ups like Sapphire Energy in San Diego are vying to bring the fuel to market — and give oil back its good name.
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Private company Sapphire Energy, which aims to squeeze “green” crude oil from blooms of one of the planet’s oldest life forms, said on Wednesday it has raised over $100 million from investors.
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Bill Gates is plunging his hands into pond scum.
Cascades Investments LLC, Mr. Gates’ personal investment vehicle, is backing Sapphire Energy, a start up working towards a commercial-scale facility to produce oil from algae.
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Read full press release | View as PDFTotal capital raised substantially exceeds $100 million
Read full press release | View as PDFCEO Jason Pyle Provides Testimony to Senate Energy Committee Hearing on ‘Food vs. Fuel’ Debate
Read full press release | View as PDF See all Sapphire press releasesMedia inquiries
Sarah Shahrabani, Edelman
(206) 268-2228
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