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sapphire in the news

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TIME’S Best Inventions of 2008

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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Sapphire raises over $100 mln for algae crude

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 Goes For Algae, Invests in Biofuel Maker Sapphire Energy

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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Bill Gates invests in algae fuel

Bill Gates’ investment firm is funding Sapphire Energy, a company that intends to make auto fuel from algae.

Sapphire Energy said Wednesday that a series B round will bring the total amount it has raised to more than $100 million. Investors include Gates’ investment firm Cascade Investment, as well as Arch Venture Partners, Wellcome Trust, and Venrock.

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5 Things You Didn’t Know Were Biofuels

Sapphire Energy, a biopetroleum producer, boasts a renewable, high-octane diesel made from algae called Green Crude that is chemically identical to gasoline…

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